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Beginners Guide To Start Day Trading In 2026 (7 Hours) — Transcript

by Jooviers Gems · 93,744 words · 13,402 segments · language en · Watch on YouTube

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0:00Over the next 7 hours, I'm going to hand
0:02you everything that you need to know to
0:04become a profitable day trader this
0:05year, even if you've never opened a
0:08chart in your entire life. And this
0:10information is coming from my 9 years of
0:12experience doing this professionally at
0:14this point. I'm going to walk you
0:16through what day trading is, how to read
0:18charts, mastering candlesticks, choosing
0:21the right platforms, and I'm going to
0:23give you guys the exact strategies that
0:25I personally use every single day to
0:28make six figures a month with trading.
0:30I'm going to break down my short but
0:32effective daily trading routine, how to
0:34scale your account the right way without
0:36blowing it, what to actually do when you
0:38hit a losing streak, I'm going to show
0:39you how to use other people's money to
0:41trade with so you don't have to risk a
0:42single dollar of your own. I'm going to
0:44be completely honest. People charge
0:46thousands of dollars for less than what
0:48I'm about to give you guys in this
0:50video, and I'm giving it to you for the
0:52freebies. I'm giving it to you for $0. I
0:54am giving it to you for nada. So, take
0:57this seriously. Anyways, who am I? My
1:00name is JuVier, and like I said, I've
1:02been day trading for over 9 years now.
1:04In that time, trading has completely
1:06changed my life. I was able to buy my
1:08first home for over a million dollars. I
1:10bought my wife her dream car. I bought
1:11myself my dream car. And most
1:13importantly, I gained financial freedom,
1:15time freedom, and location freedom. I
1:18can literally live wherever I want to. I
1:20can buy whatever I want to. I can take
1:22care of my entire family and my friends.
1:24I'm married. I have two kids. I'm able
1:26to provide for them and give them a
1:28lifestyle that I never even knew was
1:30possible. Now, over the last 9 years,
1:33I've consistently been able to make
1:34seven figures a year with trading, and
1:37in the process, I've helped over 24,000
1:39people learn how to change their lives
1:41with trading, too. And that's why I'm
1:43not holding back anything in this video
1:46because I want you to have the skill
1:48that can set your entire family free the
1:50same way it's done for me. Now, I'll be
1:53honest. I almost didn't make it to where
1:56I am now. The first trading video I ever
1:58watched was some old guy on YouTube and
2:01every single thing he said it sounded
2:02like straight Chinese, Japanese,
2:05every single other knees that I don't
2:07understand. He over complicated it so
2:09much that I actually quit for a period.
2:12I went I tried drop shipping, I tried
2:14Amazon FBA, I tried affiliate marketing,
2:16I tried I tried so much foolishness and
2:20I wasted so many years and I lost so
2:23much money chasing all these other kind
2:25of make money online things and it's
2:27really because I was convinced that
2:29trading was too hard for someone like
2:31me. I thought it was only for a specific
2:34kind of people or only rich people or
2:36only this demographic of people. And the
2:38worst part is that almost a decade later
2:41people are still teaching it the same
2:43exact way that almost made me quit years
2:45ago. They're over complicating it,
2:47they're making it full of a bunch of
2:49jargon. It's designed to make you feel
2:51stupid so you go and buy their course or
2:53something like that. I don't know why
2:54they do that
2:56But that's not what this is. I teach it
2:57so simple that a 10-year-old can follow
2:59it. I I know that because I've actually
3:02been able to teach a 10-year-old how to
3:03trade. So if you're over the age of 10,
3:05you stand a pretty good chance. Now, I
3:09have to be real with you guys. Trading
3:11is not a get-rich-quick thing and don't
3:13believe a single person that ever tells
3:15you that. It took me personally over 3
3:18years to get to where I am now. But if I
3:21had a video like this when I first
3:22started off, it would have saved me tons
3:25of losses, tons of sadness, tons of
3:27trial and error, and tons of money.
3:29Realistically, most people know that day
3:31trading can be hard, but the hardest
3:33part is doing it alone. And trust me,
3:35from all the people that I've helped at
3:37this point, the ones who do the best are
3:39the ones who have at least one person on
3:41the journey with them. So before we get
3:43into this, I highly suggest that you
3:45guys share this video with a friend or a
3:47family member or a group so you can
3:49support each other on this path. And I'm
3:52not just saying that to get more views.
3:53I promise you guys, if I could teleport
3:55back in time and have somebody else to
3:58learn trading with, I 100% would. It
4:00would have been a lot more entertaining.
4:02It would have been a lot more easy for
4:05me to stick to trading if I had somebody
4:07else doing it with me. So, share it with
4:09whoever that person is that you're
4:10thinking of or whoever that group of
4:12people is that you're thinking of. But,
4:13with that being said, grab some paper, a
4:16pen, something to drink, and maybe even
4:18your favorite snack because over the
4:20next few hours, not only will you and I
4:22become very good friends, but we'll be
4:25diving deep into a topic that can change
4:28your life forever. Let's jump into it.
4:32Now, first of all, what the heck even is
4:34day trading? Now, I feel like so many
4:36people make it way more complicated than
4:37it actually is. It's simply you buying a
4:39stock or you're buying a crypto and
4:41you're selling it within the same day.
4:43This is completely different from what
4:44you probably grew up hearing about,
4:46which is like the typical investing
4:48where your parents or your grandparents
4:49or whoever told you to buy a stock and
4:52then hold it for a freaking 30, 40 years
4:54hoping that you get rich. This is not
4:56that. Day trading allows us to enter and
4:59buy whatever it is and sell it multiple
5:02times in one day to be able to make a
5:04lot of money
5:06based off of small fluctuations. So,
5:08instead of us waiting for, let's say,
5:09the stock of Tesla to go from $100 to
5:13$300,000 and make us a whole bunch of
5:15money, we can make money if Tesla is at
5:17$100 and then it goes to $101. Like, we
5:21can make a lot of money versus with
5:22regular investing, you'd only make a
5:24dollar, right? There's other benefits to
5:26it as well, being that if you have a
5:28stock and the price of the stock goes
5:29down, you lose money. You cannot make
5:32money if the stock price goes down. But,
5:34with day trading, we can. We can make
5:36money no matter if the stock goes up or
5:38the stock goes down and it doesn't take
5:40too much time at all. In this video,
5:42we'll kind of dive into how much time
5:43and how I trade so I'm not stuck here on
5:46my computer for freaking 300 hours a
5:48day, and I can just do what I need to
5:50do. I can make my money with trading,
5:52and I can just go enjoy the fruits of my
5:54labor. But, that's essentially what day
5:56trading is in the simple form. Now,
5:58before we get into like the strategies
6:00and the platforms and all that cool fun
6:02stuff, I feel like I need to bust some
6:04myths first cuz you guys probably have
6:05all these assumptions about day trading
6:07that you've heard either online or from
6:08your parents or all this stuff, and I
6:10just want to set these things straight.
6:11This is coming from someone who has been
6:13trading for over 9 years at this point.
6:16All right, so the first myth that I
6:17usually hear all the time is that day
6:19trading isn't a real career. You're
6:20probably going to hear this from boomers
6:22and freaking old people or people that
6:24have never even tried day trading, but
6:26the truth is that day trading is
6:27honestly one of the oldest professions
6:30that there is. It's one of the oldest
6:31careers that there are. Banks, hedge
6:34funds, Wall Street, prop firms, private
6:37equity companies, they all have teams
6:39that are literally made to trade. Like,
6:42they literally put millions, if not
6:44billions of dollars, into day trading.
6:47You go to the bank, you deposit money
6:49into the bank. What do you think they do
6:50with your money? They don't just sit
6:52there and hold the money inside your
6:53bank. No, they go and trade using your
6:55money and leveraging your money so that
6:58they can make even more money. So, yes,
7:01day trading is a real career. Now, the
7:04next myth that I hear a lot is that day
7:05trading is just like gambling. Gambling,
7:08like going to the casino, playing
7:10blackjack, I gamble, right? I Well, I
7:12don't gamble. I have gambled. I'm not
7:14like addicted to gambling or something,
7:15but I've gambled before. I played
7:17blackjack, I've played roulette, I've
7:19lost money each and every time. Day
7:21trading is not like gambling for a few
7:24reasons. Gambling essentially is just
7:26random luck. Trading, you have the
7:28opportunity to use a defined edge from a
7:31tested strategy, and you have the
7:33opportunity to use risk management. All
7:35these things probably sound crazy to
7:36you, but trust me, by the end of this
7:37video, it's all going to make sense.
7:40But, you have your edge that you've
7:41tested, you have your strategy that
7:43you've tested, you're able to manage
7:45your risk, and you are able to
7:46essentially win just like most casino
7:49owners win versus the people that
7:51actually go to the casino and lose. Now,
7:54I'll be honest, trading without a system
7:56that is pure gambling. Like, when
7:57somebody comes on here, if like a new
7:59trader comes, and then you just randomly
8:01end up buying or randomly end up
8:03entering a sell position or something
8:04like that, that's gambling. But, what
8:06I'm teaching inside this entire course,
8:09it's not gambling. I teach you how to
8:11make it more structured and actually
8:12have a system behind what you are doing.
8:15Now, myth number three is that you can't
8:17actually make money doing this. People
8:19think that. People tell me that all the
8:21time. I am on social media, I post my
8:23trades consistently. I've done that
8:24consistently for over 6 years now, and
8:27you would not understand or realize how
8:29many people message me and say, "Yeah,
8:31you made $10,000 on that trade, but can
8:33you actually withdraw that?" No, I'm
8:35just doing this for fun. Yes, I
8:37can withdraw the money. All the money
8:39that you're do make with trading, you
8:41can withdraw that. You are able to pay
8:43your rent,
8:44buy vacations, buy a car,
8:47um buy sneakers, ball out at the
8:49Louis Vuitton store, whatever you want
8:51to do. This is actual real money that
8:53you can put inside of your bank account
8:55and do whatever the heck you want to do
8:57with it. Really, majority of people that
8:59don't actually make money with day
9:00trading, it's either because they don't
9:01have a strategy and a system, which
9:03we're going to completely go over inside
9:05this video, or they over-leverage,
9:08meaning they don't have any type of risk
9:09management, which again, we're going to
9:11go completely over inside this video, or
9:13they quit too early. Trust me, I don't
9:15think if you watch through this entire
9:17video that you're the type of person to
9:18quit. Now, I wanted to quit multiple
9:21times in my journey, especially in the
9:22beginning when I wasn't actually making
9:24money, but I'm going to give you guys
9:25the secret that kept me going and how I
9:28keep other people motivated to stick
9:30through to actually see the results with
9:32day trading. Now, myth number four is
9:35that people think you need tens of
9:36thousands of dollars to start. They
9:38think only rich people they trade. They
9:40think that you need to have literally
9:42hundreds of millions of dollars to be
9:44able to actually see results and make
9:46money with trading, and that's wrong.
9:47It's actually extremely wrong, and I'm
9:50going to give you guys a cheat code
9:52later on inside this video where you
9:53don't even have to use your own capital.
9:56But, the truth is you don't need to risk
9:58thousands of dollars of your own money.
9:59You can use prop firm capital, which is
10:01what we'll get into later on. You can
10:03trade their money, meaning you don't
10:05have to risk your own money, and you get
10:07to keep most of the profits. Most of the
10:09time you get to keep 80 or 90% of the
10:11profits that you make using other
10:13people's money. Like I said, we'll dive
10:15really deep into that later on inside of
10:17this video. Myth number five is people
10:19think they have to spend all day trading
10:22or all day at the charts. But, the truth
10:24is that once you know your strategy, the
10:26entire trading day can take 30 to 45
10:29minutes. I'm going to show you guys
10:30exactly how later on inside this video,
10:33but here's a quick little rundown of how
10:35my day looks and how I teach people to
10:37have their day look when it comes to
10:39trading. I've taught people that are
10:41full-time in school, people who have
10:43full-time careers, and they still have
10:45enough time to trade because of the way
10:47that I trade and because of the way that
10:49I teach how to trade. So, the first 5
10:51minutes is honestly you just marking up
10:53your charts or planning out your trades.
10:56The next 10 minutes you're doing a
10:57little bit of back testing, which we'll
10:59get into later on inside of this video.
11:02And then it takes about another 5
11:03minutes to just plan out the exact entry
11:06that you're going to have and kind of
11:08build the game plan for that trade. And
11:10then it's going to take you about 10 to
11:1220 minutes for you to set alerts. You're
11:14going to wait for your entry once the
11:15alert goes off. You're going to place
11:17the trade, and then you're literally
11:19just going to walk away. That's it. And
11:21then another 2 minutes once your trade
11:23ends up winning, you're just going to
11:24review the trade cuz you always want to
11:26learn from every single trade that you
11:28take. That way you can be better for the
11:30next trade. And you're going to review
11:31the trade, and then another 3 minutes to
11:33journal the trade. That's all part of
11:34reviewing it and making sure you're
11:36tracking it, making sure you're being
11:38able to learn from your mistakes, and
11:40also learn from your wins. This is a
11:41literally exactly how my day looks every
11:44single morning. The same exact thing
11:46over and over again, and it's not me
11:47sitting here with 300 million screens
11:50and taking 14 hours out of the day to
11:52trade. Now, the next myth is that day
11:54trading is a get-rich-quick thing. I do
11:56not want you guys to think that you guys
11:58are going to watch through this video,
12:00and then tomorrow you're going to be
12:01making 100 million dollars. That is not
12:04the thing. Trading is a skill, like a
12:06life skill that once you learn this,
12:08it's something that you can not only use
12:10to get yourself financial freedom, give
12:12your family financial freedom, but also
12:14something you can teach and pass down to
12:16your kids. Like, the real timeline for
12:18me, it took over 3 years to be able to
12:21start being consistently profitable. I
12:23was not consistently profitable for an
12:26entire 3 years. But, I'll be honest, if
12:29I had the video that I'm making for you
12:31guys right now, I would have saved
12:33myself a drastic amount of time. And in
12:35my inner circle, when I'm working with
12:37people one-on-one to get them to
12:39profitable or get them to actually be
12:41able to consistently make money trading,
12:43I'm able to get them to that point a lot
12:45faster than it took me. This is usually
12:48how I like to set expectations for
12:49people, right? And I'm not saying that
12:51this is going to be you. I have people
12:53that have done this faster. I have
12:54people that have done taken longer to do
12:56it. I personally took longer to do it.
12:59But, the first 1 to 2 months, you're
13:01going to be on a demo account only. This
13:03is when you're learning the charts,
13:04you're learning candlesticks, you're
13:06you're learning your strategy, and
13:08you're probably going to feel extremely
13:10lost. After watching this video, you
13:12might be a little bit better, but you're
13:13still going to feel pretty lost. But,
13:15then the next 2 to 3 months, you're
13:17going to be able to build your edge
13:19through hundreds of practice trades.
13:21This is like your testing phase, or your
13:23backtesting phase. I mentioned
13:24backtesting a little second ago, and
13:27later on inside this video, we're going
13:28to dive into exactly what that is and
13:30show you exactly how to do it. But,
13:32that's usually the route that I I
13:34is next on this whole learning process
13:37of learning how to trade. But, then from
13:39months 3 to 12, that's when most people
13:42start seeing their first profits. They
13:44have their first small live trades. They
13:46might get some prop firm accounts. And
13:48then they they start getting their first
13:50payouts, meaning they're able to start
13:51taking money out and paying for things
13:53with the money they make from trading.
13:55And then honestly, after that first
13:57year, the next 1 to 2 to 3 to 4 to 5 10
14:00years is all about scaling. It's all
14:02about getting more consistent with the
14:04way that you're trading and leveraging
14:05the knowledge that you already have to
14:07make even more money. Now, another myth
14:09I hear a lot is that you need like a
14:11freaking crazy setup. Like, they think
14:14my computer right here, I have three
14:15monitors. I ain't going to lie, I do
14:17have three monitors, but you don't need
14:18this. Most of the time when I'm
14:19traveling, like if I'm in Dubai or if
14:22I'm in any other country, honestly, I
14:24just have a laptop. That's it, and
14:26that's all I need. Like, you don't need
14:2830 million screens. Some people think
14:30you need like a crazy gaming computer or
14:32you need like I don't know, some super
14:34expensive computer. As long as you have
14:37a laptop, anything that is from the last
14:405 years, honestly, if it's from the last
14:4210 years, it might still work. It
14:43probably be a little bit slow. I would
14:45probably get irritated with it, but if
14:48you have a working laptop, if you have a
14:50monitor, one screen is is fine. You
14:52don't need multiple monitors. And if you
14:54have solid internet,
14:56you're going to be good. You can even do
14:57this from your phone. Like, there's
14:59multiple times when I'm out and about
15:00and I'll trade from my phone. Now, I
15:02wouldn't suggest you learn how to trade
15:04from your phone or from like an iPad,
15:06just because in my personal opinion,
15:08it's a little bit harder to get um I
15:10guess familiar with trading on such a
15:12small screen. So, I would suggest you
15:14learning how to trade uh from a computer
15:17or from a laptop or whatever it is. But,
15:19then once you're comfortable with it,
15:20you can trade straight from your phone.
15:22Like, I literally have made hundreds of
15:24thousands of dollars trading from my
15:25phone and you're perfectly fine with it.
15:28So, that essentially covers most of the
15:30myths that I hear around on social media
15:32and things like that. A lot of things
15:33that stop people from getting into
15:35trading. Hopefully, I can clear that up
15:36for you guys. Trust me, me as a beginner
15:39and a lot of people that I work with in
15:40my inner circle have the same exact
15:42questions when we first start off with
15:43the same exact false beliefs. So, I just
15:46wanted to make it clear and plain that
15:48these are just myths. This is not real
15:50life. This is not how real trading
15:52actually looks. But, at the same time, I
15:54don't fault you for thinking or
15:56believing those myths because, like I
15:57said, me and the people inside my inner
15:59circle, all the beginners that I work
16:01with, we all went through the same
16:03thing. We all thought the same exact
16:04thing. All right, now let's go into the
16:06types of day trading. I kind of
16:08mentioned a little bit earlier that
16:09there are multiple different types of
16:11things that you can trade. So, let's
16:13dive into that and then also, I'm going
16:14to tell you guys why I trade this
16:17specific thing, which is futures.
16:20So, there's really five major markets
16:22that most people trade. There's the
16:23futures market, that's what I trade.
16:26There's the forex market, I traded forex
16:28market for the first, what, five years
16:30of my trading career.
16:31Uh, there's the stock market, there's
16:33the options market, and there's the
16:34crypto market. Keep in mind, I have
16:36traded every single one of these markets
16:37and I've made money in every single one
16:39of these markets.
16:40I started with crypto originally and
16:42then I got into forex and then,
16:44obviously, I had stocks along the way.
16:46And then I got into options and then I
16:48got into futures and now I mainly trade
16:51futures. Now, depending how old you are,
16:53you probably remember back in what,
16:552019, 2020 when you would walk in the
16:58mall and random people would come up to
17:00you and say, "Forex this, forex that."
17:02Like, trying to get you to be on a forex
17:04IML wave or whatever. Forex is not that
17:06scammy thing that you thought about
17:08before where you try you had to get
17:10recruited into a group and then you they
17:13rented out Airbnbs and y'all was just
17:15chanting, "Forex, forex." Whatever the
17:17heck them people to do. That's not what
17:18forex is. Forex essentially is just
17:20trading currencies, meaning you're
17:22trading, let's say, the price of or the
17:25value of one US dollar versus the value
17:28of like the Japanese yen, right? If
17:31you've ever traveled outside the country
17:33and you would exchange, let's say, a
17:34hundred of your US dollars and they gave
17:37you a certain amount of whatever that
17:38local currency is, that's all forex is.
17:41Like it always fluctuates. Like in
17:42Dubai, they have the AED and one US
17:46dollar is worth 3.67 AED, but sometimes
17:50one US dollar is worth 3.61
17:54AED. So, trading forex is simply trading
17:57the fluctuations between two different
18:00currencies put together. That's what
18:01forex is. Stocks, you're really trading
18:03companies, as you probably know, like if
18:05you're buying a stock of Tesla or Apple
18:08or Amazon. That's essentially what
18:09stocks are. That's what your parents
18:11probably told you about just buying
18:12stock and holding it until eternity. Um
18:15then there's options trading, which you
18:17can trade options or contracts of
18:20stocks. It's in simple terms, very
18:22high-level simple terms, it's just a
18:24leveraged version of trading a stock. Um
18:28then there's obviously crypto. You've
18:29probably heard of Bitcoin. You've
18:30probably heard of Ethereum, Solana,
18:32things like that. That's mostly trading
18:34crypto coins and the cool thing about
18:36trading crypto is that it is 24/7. With
18:39all the other things we talked about,
18:41futures, forex, stocks, and options, it
18:43does have days or hours of the day where
18:46you can't actually trade it. Um but with
18:48crypto, you can trade it literally
18:50whenever you want to. But, I trade
18:52futures and this is why. This is a few
18:54reasons why, I should say. So, futures
18:56for me is best for day trading. It's
19:00best for catching these short moves.
19:02It's not really good for holding it
19:04long-term, but that's not what me as a
19:06day trader does on a consistent basis. I
19:09just want to get in and out of trades
19:11and futures allows me to do that very
19:12simply. It's also has very clean price
19:16action, meaning there's less like
19:18manipulation and scamming with Forex. In
19:20the Forex space, they have all these
19:22different brokers that are owned by like
19:24regular people like you and me, and what
19:26they'll do is they'll make you lose
19:28trades so that they can make more money.
19:30There's none of that with futures cuz
19:32it's completely regulated, meaning they
19:34have to follow the rules or they will
19:36get shut down or sued or go to jail and
19:39things like that. So, that's why another
19:41reason why I love futures cuz it is
19:43regulated. The next point is that you're
19:45allowed to trade with leverage. Similar
19:47to how options trading is, how I
19:48mentioned you can trade with leverage or
19:51be able to make a lot more money with
19:52less money. It's also with futures as
19:55well. You just get to take bigger
19:57positions without having a whole bunch
19:59of money inside of your account. And
20:01then, it's super prop firm friendly,
20:03meaning you're able to get funding from
20:05other people and trade their money in
20:08the futures market. For me, it's the
20:09simplest one to learn out of all them,
20:12but once you learn futures trading, you
20:14can transfer that knowledge over into
20:15Forex, you can transfer it to options,
20:18stocks. You can transfer it to all the
20:19other different markets, and that's what
20:21I've done. As I mentioned, I started on
20:23all these other ones and learning one
20:25market allowed me to easily transfer
20:28into the other market. But, if you learn
20:30futures, I got to futures kind of late.
20:33But, um if you start in futures, you
20:35would actually be able to transfer that
20:36knowledge very easily into any of the
20:40other markets and be able to profit from
20:42that once you've mastered futures
20:43trading. All right, so now let's
20:45understand the major things that we're
20:47actually trading in futures, meaning the
20:49major pairs or the major tickers that
20:52we're trading. Because as futures
20:54traders, we're able to trade really a
20:55bunch of different things. We're
20:57actually able to trade indices, which is
21:00basically stocks, like a group of stocks
21:02that's one index. You're able to trade
21:04energies, like you can trade natural gas
21:07or
21:08crude oil. You're able to trade
21:11agriculture. You're actually able to
21:12trade like corn and things like that,
21:15which I've personally never done, but
21:17I'm sure somebody out there is making
21:19money trading corn futures. But there's
21:21a bunch of things that you can actually
21:22trade, but I just want to go over the
21:23major ones that most people end up
21:25trading. I'll give you guys kind of
21:27which one I like trading or which ones I
21:30personally like trading and I'll tell
21:32you guys exactly why. So I guess first
21:34starting off these are the major four
21:36forex pairs that most people trade. I
21:39say pairs, sometimes I'll say pairs,
21:41sometimes I'll say tickers, sometimes
21:43I'll say contracts. Like right here,
21:45you'll see this is ES, that is the
21:48ticker, which simply just means the
21:50shorter version of whatever it is that
21:53we're trading. Like this ticker is ES,
21:56but we're actually trading the S&P 500.
21:58This ticker is NQ, but we're trading the
22:00NASDAQ 100. So just think of the ticker
22:03as the shorter way of saying whatever it
22:05is that we're trading. But these are the
22:06major four pairs or tickers that most
22:08people trade. ES, NQ, YM, and gold. If
22:12I'm being completely honest, you don't
22:14need to trade multiple pairs at all. If
22:16you just focus on one pair and master
22:18that one pair, you will be absolutely
22:20amazing and we'll get into this later on
22:22inside this video, but each of these
22:24tickers, each of these things that you
22:26can trade are all going to have
22:27different personalities. Some of them
22:29move super fast. As you see, we have
22:31descriptions of them on the screen right
22:33here. But like some of them move super
22:34fast, some of them move slower. Some of
22:37them are great during this period of the
22:39day. Some of them are great during
22:41another period of the day. So if you
22:43learn one, you get to learn a lot of the
22:45small little nuances about it. Nuances,
22:49however the heck you pronounce that
22:50word, you get to learn all that about
22:52these tickers. So I wouldn't suggest you
22:54go and try and master or trade every
22:57single ticker out there. It really
22:58depends on your personality. But most of
23:00the times I have beginners start with NQ
23:04because it is like the most
23:05I guess widely traded futures uh ticker
23:09cuz it is the most volatile, meaning it
23:11moves the most. It gives like the
23:13biggest moves. Essentially, just allows
23:15you to make more money in a shorter
23:17amount of time. It is really good for
23:19learning how price actually behaves
23:21because it it does respect certain areas
23:25or does show certain patterns and things
23:27like that very frequently. So, just
23:29allows you as a new trader to get used
23:31to actually trading. Most people end up
23:33sticking with NQ. For me personally, my
23:35favorite pair to trade is YM. Gold,
23:39which was the GC, the ticker GC. I used
23:42to trade it when I first started off. It
23:43burned me. I lost like 60,000 in the
23:46first few weeks of trading. We'll get
23:48into this story later on and how you can
23:50avoid that, but I did it all on gold.
23:53So, I have a bad taste in my mouth for
23:55gold. I don't trade it anymore. My
23:57favorite is YM, like I said, and I also
23:59trade NQ and ES sometime, but most of
24:01the time it's YM or NQ. All right, so
24:04you know the futures contracts, you know
24:06the tickers. Now, let's get into
24:07understanding them and also I want to go
24:09over some key terms that you guys will
24:11probably hear me say throughout this
24:12video. I'm just going to give you
24:14definitions for them so you know exactly
24:16what they are and why I'm saying that.
24:18So, future contracts essentially in
24:20simple terms are just legal contracts to
24:23buy or sell something at a predetermined
24:26price. Meaning, if we are buying um
24:30let's say buying NQ, right? We're saying
24:34at this point we'll buy this amount of
24:36NQ for this amount of dollars. Now, most
24:39of the time you're not actually buying
24:41the thing. You're just buying the
24:43contract to buy that thing. So, let me
24:45put it into simple terms. Imagine you
24:46have this Juvia bobblehead thingy,
24:50right? And let's say this it cost me $50
24:53to make or something, but it's a high
24:55collectible item and it it's always
24:58going up in price. Somebody sells me the
25:00contract, or somebody offers to to
25:03create a contract saying that, "Okay, I
25:05want to buy this, or I have the
25:07opportunity to buy this from you for
25:10$100, right?" But then, 2 years goes by,
25:14they have that contract still to buy
25:16this for $100, no matter what other
25:18people are paying for it, and you have
25:20to honor that contract. Since they have
25:22that contract to buy for $100, and this
25:24is now worth $100,000,
25:27that contract that they have to buy it
25:28for $100 is worth a drastic amount of
25:31money, a huge amount of money. That's
25:33essentially what futures contracts are.
25:35It's not necessarily that you're going
25:36to buy this bobblehead, but you have the
25:38option to buy this bobblehead at a
25:41certain price. And because you have the
25:43option, or you have the contract to buy
25:46this underlying ticker at this specific
25:49price, that contract itself is valuable,
25:52gets more valuable. That's
25:55essentially what futures contracts is.
25:57That's usually the way that I try to
25:58describe it to people, but I just want
26:00to go over some key terms so you kind of
26:01understand them for yourself. So,
26:03there's contract size, there's margin
26:05requirements, and then there's buying a
26:07contract or selling a contract, right?
26:10So, first of all, contract size is the
26:12amount of the underlying asset that each
26:14contract is buying. Remember I talked
26:17about with the bobblehead, I can have a
26:19contract that says I can buy one
26:20bobblehead for $100, no matter what the
26:23actual price of it is for. In this
26:25analogy, like with ES, the contract
26:27we're buying every time we buy one ES
26:30contract, we're having the opportunity
26:32to buy 50 S&P 500 shares. Same exact
26:36thing with NQ, when we buy one NQ
26:39contract, we're creating the option or
26:42the contract to buy 20
26:44NAS 100 shares. Now, as I mentioned,
26:47this is kind of irrelevant because
26:49you're never actually buying 50 S&P 500
26:51shares or 20 NAS 100 shares. Like that's
26:54just never going to happen for
26:5699.999999999%
26:59of people. But I just want you guys to
27:01be aware of what an actual contract is
27:04and what it is that we're actually
27:05trading when we're trading futures
27:07contracts.
27:08Now the next definition I want to go
27:11over is margin requirements. So even
27:14though your your contract says you can
27:16buy
27:1850 S&P 500, you don't have to have
27:21enough money to buy 50 S&P 500 contracts
27:25cuz
27:26I don't even know how much the S&P 500
27:28is right now. But to buy 50 of them, you
27:30would need hundreds of thousands of
27:32dollars inside of your account right now
27:35to buy them. That's not the case.
27:36Remember I mentioned before with futures
27:39trading, they give us leverage. Meaning
27:41we can essentially borrow money to be
27:43able to buy these things. And the margin
27:45requirements is simply the amount of
27:47money that we need inside of our account
27:49to purchase one contract. I know this
27:52sounds a little confusing. It's going to
27:53make so much more sense once we hop on
27:55the charts and I'll show you guys how to
27:56actually do this. But you need to
27:58understand these definitions. So think
28:00of margin requirements as like the
28:03minimum amount of money that you need
28:04inside of your account to enter a trade.
28:06The next thing that you're going to hear
28:07me say is buy or sell contracts. When I
28:09say buy, that means I'm going long.
28:12Meaning if I say buy right here, I'm
28:14assuming that this is the cheapest that
28:16price is going to be and if price goes
28:18up, I make money. So if I enter a buy
28:21and price goes up, I make money. If I
28:23enter a sell,
28:24I'm able to profit on the price of
28:26whatever I'm trading going down. As I
28:28mentioned earlier, this is not like
28:30stocks. This is not like you just buy it
28:32and you hope price goes up. With futures
28:34trading, we can make money when price is
28:37dropping and when price is going down.
28:39So when I enter a sell, when I enter a
28:41sell of a contract, I'm going short.
28:44Meaning that I want price to go down
28:46because the more that price goes down,
28:48the more money that I make. So, I just
28:51wanted to clear that up so everybody
28:53understands that. Now, let's dive into
28:55kind of what this all looks like, right?
28:58Cuz there's a few things that I want you
28:59guys to just be aware of. So, we already
29:01talked over here about the symbol, which
29:03is the ticker. It's just the short
29:05version of um the actual name that we're
29:08actually trading. This is the contract.
29:10This is the margin. This is the tick
29:12size. And then this is the tick value.
29:15So, when we understand tickers already,
29:17we understand contracts. This over here
29:19is showing you guys examples of NQ, ES,
29:21YM, and GC, which we already went over.
29:24Margin, remember this is the amount of
29:26money that you need inside of your
29:27account to open up a trade to enter into
29:30a trade. So, for NQ, you need $8,000
29:33inside of your account. And this is for
29:34most brokers or most platforms. We'll
29:37get into what brokers are a little bit
29:38later on, but just so you understand it
29:40right now, brokers are simply just like
29:42your bank account. That's where you keep
29:44your money and that's where you actually
29:45trade from. So, you need at least $1,000
29:48inside of your broker account to open up
29:50one NQ trade. But you'll notice here
29:52that we have micro versions of every
29:54single ticker or every single contract.
29:58So, NQ
29:59costs us $1,000 to be able to even get
30:02into a trade. That doesn't mean that
30:03when we enter a trade that we lose
30:05$1,000. That's just how much money they
30:07want to see inside your account for you
30:08to enter into a trade. But that's NQ.
30:10But you see we have micro NQ, which
30:13which the ticker is similar. You just
30:15add an M in front of it, so then it
30:16becomes MNQ instead of NQ.
30:19But you only need $100 to be able to
30:22open up one micro NQ trade. And you'll
30:25see the same thing across the board with
30:27ES and YM, how the micro version of each
30:30of them is just 1/10 the price of the
30:33regular one. So, like you can honestly
30:36start trading with $50 inside of your
30:38account if you traded MES or if you
30:40traded MYM. So, I just want to have this
30:42sheet for you guys. You're probably
30:43going to come back to this multiple
30:44times, so you can screenshot this and
30:47just have it handy, so you know how much
30:49money you need inside your account to
30:50open up one trade. But, then let's get
30:53over to tick size and tick value. This
30:56is how we are able to calculate how much
30:58money we make when we enter a trade or
31:01how much money we're risking when we
31:02enter a trade. But, let's start off with
31:04tick size. Think of ticks as increments
31:07on how the price of something moves.
31:11Like right now, if you're looking at the
31:13price of Bitcoin, right? It can go from,
31:15let's say, for an easy numbers, $100 to
31:19$101, then $102, then $103.
31:23That means it's moving in one tick
31:26increments. If it's going from $100 to
31:28$101, it's moving in one tick
31:32increments. For NQ, it's different. Each
31:35tick increment is .25. So, it'll go from
31:38100 to 100.25,
31:42to 100.5,
31:43to 100.75.
31:45That's it moving in
31:47.5
31:49tick increments. And you'll see that NQ
31:51does that, and ES does that. And
31:53obviously, the micro versions of each of
31:55these will follow that same path,
31:57meaning they're going to stay with .25
31:59increments. And then YM is one
32:01increment, so that's super simple. If it
32:03goes from 100, then goes to 101, it
32:05moved one tick. GC, which is gold, moves
32:09in .1 increments. So, if it goes from
32:11100 to 100.1, to 100.2, it moved in one
32:16or it moves two ticks if it went from
32:18100 to 100.2. That means gold moved two
32:22ticks. Now, we understand increments
32:24now. We understand what that looks like.
32:26But, here under tick value, this tells
32:29us how much money each tick movement is
32:32worth. So, let's say we entered for a
32:34buy on NQ, and the price of NQ was $10,
32:39right? And then the price of NQ went
32:41from $10 to 10.25.
32:46It would have moved one tick, meaning we
32:48would have made $5. Now, if it had went
32:52from $10 to then $11, price would have
32:55moved four ticks. 0.25 * 4 is $1 for all
33:00my math people out there. It would have
33:02moved four ticks, so then we would have
33:04made $5 * 4 ticks cuz remember each tick
33:08is worth $5.
33:10And it's as simple as that. You would do
33:11the same calculations for each of these,
33:14and it gets super simple once you're on
33:15the charts. You see it. There's a super
33:17simple way to find the ticks or to see
33:19how many ticks price is moving. And then
33:21you would just do the calculations of,
33:23okay, if I'm trading NQ and if I'm up
33:25100 ticks, that means I'm up $500. It's
33:29super simple to do the math. But you'll
33:31notice here that the tick value, similar
33:33to the margin, is just 1/10 of what the
33:36normal one is when we're talking about
33:38the micros versus the normal. So, like I
33:40said, this sheet is like a cheat sheet
33:42for you to have. It's super super cool
33:43just for you to be able to tell how much
33:45money you're risking on a trade or how
33:47much money you'd make on a trade if any
33:49of these contracts went to a specific
33:51price. So, we went over symbol, we went
33:53over the contract, we went over what
33:55margin is. Remember, margin doesn't mean
33:57that if I enter NQ that I lose $1,000.
34:01That's just simply I just need $1,000
34:03inside my account to even enter NQ. And
34:06then, this keep in mind, this is all for
34:07one contract. You can open up multiple
34:09contracts. Like you can buy one NQ
34:12contract or you can buy 10 NQ contracts.
34:15And the difference would be if I buy 10
34:17NQ contracts, I would need at least
34:19$10,000 inside of my account, and each
34:23tick movement would be worth $50 instead
34:26of $5 since I have 10 contracts. The
34:29tick size would stay the same, meaning
34:30the increment where it changes would
34:32stay the same, but the tick value goes
34:35up depending on how many contracts I
34:37open. So, if I bought five contracts of
34:39NQ, each tick value would be worth $25
34:43instead of $5 with one contract. And
34:45it's the same thing across the board
34:47with all these other futures contracts.
34:49All right, so we've went over futures
34:51contracts. I give you guys the most
34:52popular ones as and we went into
34:55understanding futures contracts. Now, we
34:57need to talk about something extremely
34:58important called trading sessions. You
35:01need to understand that there are
35:02specific times during the day that a lot
35:05of movement happens in the futures
35:08markets. So, I'm going to show you guys
35:10when to trade and what to trade during
35:12those periods. So, the market is broke
35:15into three major trading sessions. The
35:18first one is Asia session. That starts
35:20at 6:00 p.m. and goes all the way up
35:22until 3:00 a.m. Eastern Standard Time.
35:25That's the window for when that is open.
35:27Think of trading sessions as like the
35:29work day. So, we know in America most of
35:32the time people work like from 9:00 to
35:345:00, right? It's the same thing when it
35:36comes to these bankers. They're in the
35:38office, remember like trading is done by
35:41institutions, it's done by banks,
35:43private equity firms, it's done by all
35:45these huge companies and they're not
35:47working 24/7. In the US, they're working
35:50the regular same hours that we would
35:51work, meaning if they're working,
35:53they're trading. If they're trading,
35:55they're moving the markets. Us as what
35:58is called retail traders, which is just
36:00like regular people, we don't move the
36:02markets. I can be trading with a million
36:04dollars, two million dollars, five
36:05million dollars. Me buying
36:0810 NQ contracts is not moving the
36:10markets. I'm not affecting the markets.
36:12It's the big banks and all that though
36:14the huge hedge funds and all those
36:16people, big conglomerates that are
36:18actually moving the markets. And like I
36:20said, they're working during specific
36:22windows. So, in Asia, their work window
36:25is 6:00 p.m. to 3:00 a.m. Eastern
36:27Standard Time. London session is from
36:303:00 a.m. to 8:00 a.m. Eastern Standard
36:33Time. Well, it's actually from 3:00 a.m.
36:35to 12:00 p.m. Eastern Standard Time, but
36:38New York session starts at 8:00 a.m. so
36:40it's actually an overlap. All right, I
36:42fixed it. So, it's from 3:00 a.m. up
36:44until 12:00 p.m. is um when London
36:47session is, and New York session is from
36:498:00 a.m. to 6:00 p.m. Eastern Standard
36:52Time. Now, London and New York overlap
36:55for a period of time, and that is the
36:58juiciest part to trade most of the
37:00tickers that we went over inside of this
37:02video so far. So, you'll notice here
37:04that London session goes all the way up
37:07until 12:00 p.m. Eastern Standard Time,
37:08and New York session starts at 8:00 a.m.
37:11So, from 8:00 a.m. up until 12:00 p.m.
37:14Eastern Standard Time, New York session,
37:16which is American traders and banks and
37:19hedge funds and all that stuff, they're
37:20trading, and London session banks, hedge
37:23funds, and all that stuff are also
37:25trading at the same time. So, that's
37:26when there's the most volume and the
37:28most uh kind of movement. Asia session
37:31is kind of on its own, 6:00 p.m. to 3:00
37:33a.m. uh Eastern Standard Time. It's
37:35slow. I personally don't trade Asia
37:37session at all. Most of the time people
37:39skip it. London session, it kind of
37:41wakes the market up. Big moves start
37:43happening there. Like you'll notice at
37:45around 3:00 a.m. Eastern Standard Time,
37:47you'll start seeing price move again
37:49versus being slow during Asia session.
37:52And then New York session is the main
37:54event. That's like where the most volume
37:55happens, the biggest moves. That's where
37:57I make all of my money in. As it says
37:59right here, London opens the day, New
38:01York runs it. A lot of times, like these
38:04two coincide, and when you're trading
38:06during that window, when they both
38:08overlap, that's where you're able to see
38:09like the great moves and the big moves
38:12and things like that. So, now you
38:14understand the three trading sessions.
38:17Now, it's important to know, and I
38:18mentioned before that certain tickers
38:20work better during certain times of the
38:22day, meaning they work better during
38:24certain sessions. So, like during London
38:26session, gold is actually pretty good to
38:28trade during London session. You can
38:30trade it during New York session as
38:32well, but um it does work very well
38:35during London session as well. I do know
38:37a lot of traders that trade gold during
38:39London session. But then New York
38:40session, man, you got to stick with NQ,
38:42ES, and YM. You're going to see huge
38:45moves with NQ, ES, and YM during London
38:48session specifically that window for
38:50when London and New York session
38:53overlap. Now, of course, you still can
38:55trade NQ, ES, YM, gold in any of these
38:58different sessions, the London session,
39:00Asia session, or New York session, but
39:03this is just when you're going to see
39:04majority of the movement. And like I
39:07said, you can trade gold during New York
39:09session, but I don't We don't We're not
39:10talking about gold. Gold, I already told
39:12y'all my story with gold. It burned me
39:14too much. I don't play with it, but I'm
39:17not going to lie, uh gold, especially
39:19recently, has been absolutely killing it
39:21during London session. So, it might be
39:23something for you to kind of look into
39:25if you did want to trade later on inside
39:27the day. I personally like getting all
39:29my trading out the way within the first
39:32hour, like I said, 30 minutes or 45
39:34minutes of the New York trading session.
39:36So, just be aware of that. Now, there's
39:38one other thing that you do need to be
39:39aware of. So, yes, the New York session
39:42starts at 8:00 a.m. Eastern Standard
39:45Time,
39:46but the market doesn't actually open
39:49until 9:30 Eastern Standard Time. What I
39:52mean by the market, yes, you can trade
39:54it whenever you want to, but the stock
39:56market opens at 9:30 Eastern Standard
39:58Time. And right at 9:30 Eastern Standard
40:01Time, when the stock market finally
40:02opens, that's when you're going to see a
40:04huge spike of volume. You're going to
40:06see price do crazy things every single
40:08day, Monday through Friday at 9:30
40:11Eastern Standard Time. So, just be aware
40:14of that. So, So that's the trading
40:15sessions, and this is kind of what I use
40:18the suggested kind of lean towards
40:20trading during each session just based
40:23off the fact that that's when you you
40:25start to see those big moves with these
40:27specific tickers. Real quick, if you're
40:29getting value out of this so far and you
40:30haven't shared this video with a friend
40:32yet, I highly suggest you take 5 seconds
40:35to do it right now. We're about to get
40:37into majority of the meat of this video
40:40and you're going to want someone else to
40:41go through it with you. Honestly, just
40:43trust me. Trading can be extremely
40:45lonely. It's way better if you have a
40:47friend or someone you trust, someone you
40:49like that'll hold you accountable and
40:51you can hold them accountable to stay
40:52along this journey and actually be able
40:55to see results with trading. So share it
40:57with whoever that person is or whoever
40:58those people are and let's dive into
41:01more of the
41:02fun stuff when it comes to trading. All
41:04right, so now let's go over the types of
41:06analysis. There are really two main
41:08types of analysis, one being fundamental
41:10and the other being technical. We're
41:12going to dive into what each one is,
41:14which one we use, why we use each one at
41:17specific times and honestly, we just
41:19have to be aware of both types of
41:21analysis even though most of the time we
41:23focus on technical analysis. But as I
41:26mentioned, there's two main ways to
41:28actually read the market. Fundamental
41:30analysis, that kind of teaches you what
41:32to trade. That's going to be studies
41:34around the underlying value. This things
41:37that affect fundamental analysis could
41:39be the economy, like if we're in a
41:40recession, supply and demand, like
41:44if there's war and it cuts off being
41:46able to get, let's say food going to
41:49specific country or oil or something
41:51like that. That's supply and demand.
41:53News events, so think like if you own
41:57Apple stock, right? Or let's say you own
41:59an iPhone and recently 300 iPhones
42:02randomly exploded. That's a news event
42:05that will probably badly affect the
42:08Apple stock. So that's news, then
42:09there's earnings. Earnings is
42:11essentially when companies report how
42:12much money they made in a specific
42:14quarter. So, like if they planned on
42:16making, let's say a billion dollars this
42:18quarter, but they ended up making two
42:20billion dollars, that's great news, and
42:22that will affect the company um
42:25positively. So, these are things you
42:26need to be aware of. Now, technical
42:29analysis gives you the when to trade
42:31essentially. So, that studies
42:34essentially price action on charts. What
42:36you're going to What you're seeing most
42:38of the time when you're seeing traders
42:39trade, like those candlesticks on the
42:41charts or line charts or when they have
42:43and draw boxes and things all over the
42:45charts, which we're going to get into
42:46later on inside of this course itself,
42:48that's the main thing that us as day
42:50traders use. We use technical analysis,
42:52but we also have to be aware of
42:55fundamental analysis. So, just some more
42:57deep dive into fundamental analysis, as
42:59I mentioned, it's the why behind a
43:02market's direction. So, like the
43:04economic data, like CPI news comes out
43:07or unemployment rates come out, or
43:10um just news events that come out that
43:12affect the economy overall, that is part
43:14of fundamental analysis. You just have
43:16to be aware of that. Later on inside of
43:18the course, I'm going to show you guys
43:19how to actually find fundamental
43:20analysis. Um but then also like central
43:23bank policy, so like when interest rates
43:26go up um and things like that, that's
43:28all going to affect it and be part of
43:30fundamental analysis. Earnings and
43:32company news, as I kind of explained
43:34what earnings is, and then company news
43:36is obviously, like I gave the example of
43:38let's say Tesla
43:39um decides to make a car that is now
43:43three million dollars or something, I
43:44don't know, and investors think that's
43:47good or bad, that will affect the Tesla
43:49stock itself. That's just an example of
43:51Tesla news or company news. And then uh
43:54supply and demand events, as I
43:55mentioned, oil, food, gold, things like
43:58that, when there's not enough of
44:00something or if there is too much of
44:02something, that is fundamentally going
44:04to affect the market. That's essentially
44:06what fundamental analysis is. Now,
44:08technical analysis uh on the other side,
44:10which is like I said what we as day
44:12traders focus on for the most part, is
44:14the when of every trade. So, price and
44:17looking at price tells you everything
44:20when it comes to technical analysis. So,
44:22you'll be able to see support or
44:23resistance, which we get into later on
44:25inside this video. Um you get to see
44:27candlestick patterns, trending and
44:29moving averages, indicators. These are
44:32all parts of technical analysis and
44:34obviously we're going to cover all of
44:35this inside of uh the course. Now, this
44:39is as I mentioned really what most
44:41traders focus on, but you can't ignore
44:43fundamental analysis. As I mentioned
44:45here, technical analysis drives the
44:47trade. It lets us know when we can
44:49actually enter a trade, when we should
44:51close out a trade. It gives us our when.
44:53Like that's when we're taking action.
44:55But, we can't be oblivious to
44:57fundamental analysis. We need to
44:59understand what's going on in the
45:00overall market. If the market is selling
45:02down and we can see on a chart, which is
45:05technical analysis, that the market is
45:07selling down heavily, fundamental
45:09analysis will tell us why it's selling
45:11down heavy, right? So, as I mentioned,
45:14as we are trading futures cuz that's
45:15what this uh course is about, you're
45:18essentially always going to be focused
45:20on technical analysis, but keep your
45:21eyes open to fundamental analysis. This
45:24is how it works together. So,
45:26fundamental analysis, you check the
45:27calendar and I'm going to show you guys
45:29exactly where to go to actually find
45:32fundamental analysis like I mentioned um
45:34cuz a lot of the majority economic
45:37events, they're like planned out. So,
45:39like it'll say Tuesday at 2:00 p.m.
45:41whatever, this is going to come out. So,
45:42you could just be aware of that and I'll
45:44show you where to find that. And then,
45:45how I essentially plan it out is I look
45:47at that calendar that we're about to go
45:49over in a second to see exactly what's
45:51going to happen on that day and I make
45:53sure I'm not really trading around that
45:54time or if I am trading around that
45:56time, I just am aware that these news
45:58events are going to come out. And then,
46:00technical analysis, that's where I'm
46:01going to spend majority of my time.
46:03That's the reading the chart, that's
46:04looking at where the trend is going,
46:06where the price of something is going,
46:08key levels, support or resistance,
46:10entries, exits, everything like that.
46:12So, just a quick little recap,
46:14fundamentals tell you the why
46:16that the move is happening, technical
46:18analysis tells you when, when to make
46:20that move. So, day traders essentially
46:22execute on technical analysis, but you
46:25never trade blind to news, you need to
46:26be aware of it. Know the chart, read the
46:28chart. Sorry, know the calendar, read
46:31the chart, click the button. It is
46:33simple as that. Now, let's go into how
46:36to actually find the fundamental
46:37analysis. All right, so here we are,
46:40this is where I go to find my
46:42fundamental analysis. Now, to be clear,
46:45this is where I find the planned
46:47fundamental analysis, meaning when the
46:49government has certain meetings or they
46:51release certain numbers, a lot of
46:53economic data will come out on here, and
46:55that has a date and a time, so you could
46:56be aware of it. But remember,
46:58fundamental analysis is not just planned
47:00events, it could also be something crazy
47:02that happens, like if
47:04300 Teslas blow up randomly,
47:07that's going to affect the the stock
47:10price of Tesla. Or in any example, that
47:14is just something that we cannot plan
47:16for, it's something that isn't on a
47:17calendar. We don't know that today,
47:19somebody could start a war, or tomorrow
47:21somebody could end a war, whatever it
47:23is, right? So, that is something you
47:25have to be aware of, but this website
47:27right here will give you the planned
47:29events that are happening. It is
47:30forexfactory.com.
47:32Um I like it because it's super clear,
47:34super to the point. I'm going to show
47:35you guys how to read it right now. This
47:36looks super confusing, it's not that
47:38confusing at all. A lot of times at the
47:41top here, it'll have like major news
47:42events that are happening right now,
47:44like by the time we're shooting this
47:45video, we're currently
47:48hopefully about to end this war that's
47:49going on.
47:51Um so, it has events like that, and
47:53obviously this isn't something that is
47:54planned, this is just like kind of
47:55breaking news. And honestly, if you're
47:57just on social media or if you watch the
47:59news every once in a while, you'll be
48:00able to hear events that aren't on this
48:03this uh page happening, uh the ones that
48:06can't be planned. But now, the ones that
48:07can be planned, right? So, you'll see we
48:09You don't really have to pay attention
48:10to any of this. You can scroll down here
48:12onto this calendar. You'll see it says
48:14today
48:15Today that I'm shooting this is May the
48:1720th. Um and it'll show you everything
48:20that is planned for the day. It also
48:22separates it based on currency, impact,
48:25and then what the actual news is, and
48:26then shows you what time it is that will
48:28happen, right? Now, you don't
48:31realistically need to focus on anything
48:33where the currency is not USD.
48:37Us as I guess America or the United
48:39States, our dollar and our events kind
48:42of affect a lot of the world. So, a lot
48:45of
48:45the things Really, the only thing that
48:47you need to focus on is any news event
48:49that is USD and red folder or orange
48:52folder. So, they separate it as far as
48:54the impact on how much the news of event
48:57will affect the market based on three
48:59color codes. Yellow folder news will
49:01barely affect the market. Orange folder
49:03news can affect the market. It probably
49:05won't do anything too crazy. Red folder
49:07news most of the time will do a lot. So,
49:10realistically, when it comes to me, I
49:11don't like trading around red folder
49:13news at all. If it says USD and red
49:16folder, I'm not trading around that
49:17time. I usually like to give it about 10
49:19minutes before and 10 minutes after the
49:21planned time. So, right here, today we
49:23have a red folder USD news at uh 1:00
49:27p.m.
49:28So, I personally, even if I don't trade
49:30that late, but let's say I did trade
49:32that late, I wouldn't take any trades
49:34between 12:50 all the way up to 1:10 cuz
49:38I'd like giving that 10-minute buffer
49:39before and 10-minute buffer after. Now,
49:42you'll notice here that we have some red
49:43folder news right down here, but the
49:45currency is AUD. I don't care about
49:47that. That realistically is not going to
49:49affect any markets that I'm trading or
49:51any markets that we go over inside of
49:53this uh entire course. So, you really
49:55don't have to worry about it. Like I
49:57said, you only need to focus on USD red
49:59folder news. And then, this obviously
50:01tells you what that red folder news is
50:03for the day. Um and here is the cool
50:06part. As I mentioned, these are all
50:07planned. So, you can go forward one and
50:10you'll see the news events that's
50:11happening tomorrow. So, as you see on
50:13this day, we don't really have any red
50:14folder news that is USD. The most we
50:17have is uh USD orange folder news at
50:208:45 in the morning. Uh you don't really
50:21need to worry about the numbers over
50:23here. This is This essentially tells you
50:25what the news event comes out with. Like
50:27the flash services PMI, the numbers that
50:29they are expecting is 51.1. Previous, as
50:32you see right here, the previous numbers
50:34were 51. So, this is just telling you
50:36kind of what the news event did itself.
50:39You really don't have to worry about
50:40that at all. Just worry about the fact
50:42that you should really not be trading
50:43news. Trading news is gambling cuz you
50:45never know what what is actually going
50:46to happen. But, what I'll do most of the
50:49time every single morning, I'll come on
50:50here and just look to see if I have any
50:52red folder news events playing out for
50:55the day. If I do, I'll just put a block
50:57inside my calendar to not take any
50:59trades between 10 minutes before and 10
51:01minutes after. And then, I'll do that
51:03every single week. So, every week you
51:05can actually go forward. So, this is
51:06next Monday. There's a bank holiday, so
51:08the markets will be closed essentially.
51:10Next Tuesday, there's really no red
51:12folder news that I have to worry about.
51:13Wednesday, no red folder news. Thursday,
51:16we do have red folder news right here
51:18that is USD. And that's at 7:30 a.m. So,
51:21I won't be trading
51:22um at that time. Friday, we don't really
51:25have anything. So, this is a great
51:26website for you just to use to be able
51:28to see all the planned events. But, as I
51:30mentioned, this isn't going to show you
51:32everything. You can't They don't have on
51:34the calendar when when a war can end or
51:37when a new uh pandemic could start or
51:40something like that. You just have to be
51:41aware of things that are going on inside
51:43of the world. But, this is a great tool
51:44to make sure that you're checking every
51:46single morning so you don't get shocked
51:48when something crazy happens that is
51:50caused by a news event.
51:53All right, so we understand different
51:54type of analysis, we understand where to
51:56find the analysis. Now, let's go over
51:58the platforms that we're actually going
52:00to use to trade and do technical
52:02analysis to actually enter our trades
52:04and things like that. There's really
52:05only two platforms that you need. You
52:08need first of all a broker, which a
52:10brokerage is simp Think of it like a
52:13bank account that you're actually going
52:14to trade from. That's where you're
52:16actually going to store your money in.
52:17That's where when you make trades,
52:20that's that's the platform you're going
52:21to enter the trades on. Meaning you're
52:23going to buy and sell on that. When you
52:24make profit, that's where you're able to
52:26withdraw from into your bank account.
52:28That's essentially what a broker is in
52:30simple terms. Now, you'll also need a
52:33another platform, a charting platform.
52:35The charting platform is where you plan
52:37out your trades. Yes, you can plan out
52:39your trades on the brokerage platform.
52:41Uh I'll go into how to use both of these
52:43platforms that we're about to go over
52:44right now. We'll go over how to use both
52:45of them in depth in a second here. But,
52:48honestly, the broker's platform charting
52:51is super ugly. Uh I don't recommend it.
52:54Very ugly, not nice to use. That's why
52:56we have a charting platform, then we
52:58have a brokerage plat platform. So, the
53:00first platform is the charting platform,
53:02and what most people use and what I have
53:04used my entire career is TradingView.
53:06It's
53:07absolutely amazing. We'll have a full
53:09deep dive on how to use TradingView, but
53:11just go in here, create yourself an
53:12account. Um you can get started for
53:14free. They do have different pricing
53:16plans. Uh realistically, they have I
53:18think they have like a 7-day free trial.
53:20Some days they have 30-day free trials.
53:22Uh so, just whenever you're watching
53:24this, go on there and just sign up for a
53:25free trial, so you can just start using
53:28the account and kind of playing around
53:29with the platform itself. But,
53:31TradingView is where we're just charting
53:32up our trades and uh planning out our
53:35trades. We're not really doing the
53:36execution on there right
53:40TradingView. We'll talk about that later
53:41on inside the um course part where we
53:44talk about how to use TradingView and
53:46things like that. But, TradingView is
53:47just where we're charting. Tradeovate is
53:49going to be the broker, right? This is
53:51where you're actually going to deposit
53:52money into. This is where you're
53:54actually going to be hitting buy and
53:55sell, where you're going to be able to
53:57withdraw your profits from. This is what
53:59you need. Now, there are so many
54:00different brokers out there, honestly.
54:02Tradeovate is just the one that I
54:03personally recommend. It's the one that
54:04I use. It's the one that I
54:07kind of tell all of my students to use.
54:08Reason being is cuz to me it's like the
54:11most simple one out there. There's a
54:13whole bunch of other platforms that they
54:15they're great because they let you do so
54:17much stuff, but it's also bad at the
54:19same time because it has too many
54:21options. It confuses a lot of beginners.
54:24Uh that's why I always recommend
54:25Tradeovate. So, this is the Tradeovate
54:27account. You should come here and open
54:29up account. Be aware, I'm not going to
54:30walk you through how to open up an
54:32account. Uh but, do be aware they will
54:34ask you for questions since it they will
54:36ask you like more so personal questions
54:38like your address and and all that other
54:40stuff because this is essentially like
54:42opening up a bank account and you have
54:44to get approved for it. Now, you
54:45shouldn't have any issues getting
54:46approved for it if you are inside the
54:48United States. If you're outside the
54:50United States, there are other brokers
54:52that you can look into. One is called
54:53Interactive Brokers. This is another
54:55platform that you can look into if you
54:57are outside the country. Even if you're
54:59in America, you can use this as well. Uh
55:01but, if you're outside the country, you
55:02can't really use Tradeovate in specific
55:05countries. So, a backup option for
55:07everybody that's watching this that
55:08outside that is outside the country,
55:10Interactive Brokers is another good one
55:11that a lot of people like.
55:13But, if you can use Tradeovate, I do
55:15suggest Tradeovate because it is very
55:16very simple. But, as I mentioned,
55:18they're going to ask you more so
55:19personal questions, uh like your career,
55:22address, your name, obviously all that
55:23stuff. And then you have to get
55:24approved. So, I do suggest for everybody
55:26to go and create an account. It's free
55:28to create an account and get the whole
55:29approval process going. That way when
55:32you are ready to trade, you don't have
55:33to wait a few days or wait for a week
55:35for them to approve you. Just get it out
55:37the way right now so you have it in your
55:38back pocket and you can fund it and do
55:40all that stuff later on. But like I
55:42said, these are the main two platforms.
55:44We're going to dive into how to use both
55:45of these in a second. Just remember,
55:47TradingView is for planning out your
55:48trades. TradeOgre is for executing your
55:51trades and for storing your money inside
55:53of it and for being able to withdraw
55:55your profits outside of it. All right,
55:57so now let's go over how to use
55:59TradeOgre. So when you create your
56:00account and you get approved and if you
56:03sign up for the live funding I mean live
56:05trading and all that, this is kind of
56:06what that home page is going to look
56:08like as soon as you log into your
56:10TradeOgre account. I want to go through
56:11all of these. Live trading is obviously
56:13where you trade your live account. You
56:15have market replay, which is good for
56:17back testing. We'll get into later on
56:18inside this video. I actually prefer to
56:20back test on TradingView, which we'll
56:22get into later on inside the course as
56:24well.
56:25Then you have simulation. This is like a
56:26paper trading account or a demo account.
56:28This is so you can practice trading
56:31while not actually risking your own
56:33money. It's just fake money. And that's
56:35honestly why I suggest every single
56:36person that's watching this and as a
56:38beginner, this is what I suggest you to
56:39be on. You should not be live trading
56:41your own live funds as soon as you get
56:43into trading because you will blow your
56:45money. You will lose
56:46all of your money. I am 99.999%
56:49sure that as a beginner you will lose
56:51all your money in trading. So you should
56:53be practicing on simulation so you don't
56:55have to lose your money.
56:56So let's go into here cuz I'm going to
56:57walk you guys through the entirety of
56:59the platform, not just the entirety of
57:01the platform, how to set it up and
57:02everything like that as well. So when
57:04you first get into here,
57:06regardless if you go on the live chart
57:07or the simulation account, right now
57:08we're just going to be on simulation so
57:10I can show you guys examples and stuff
57:12like that. It's going to look like this.
57:14Now this looks absolutely disgusting.
57:16Looks very ugly. Looks very very
57:18confusing. So I'm going to show you guys
57:19how to not make it look like that. So
57:21what you're going to do, you'll see in
57:23the top right corner of all these little
57:24boxes, these little X marks that say
57:26close. Close all of these out. Every
57:30single one that you see here, close them
57:32all out until you have your black screen
57:34right here. It might be a white screen
57:36depending if you are on dark mode or
57:38light mode. That's completely up to you,
57:40but it'll be a blank screen right here.
57:41Now, let's go over what you see right
57:43here first before we dive into how to
57:44actually get your charts and stuff on
57:46here and how to actually trade.
57:48So, up here you have this plus button
57:50where you can add modules. We're going
57:51to click that in a second. That's going
57:53to let us put the chart up on there or
57:55anything else you want to put there.
57:56Right here we have trading. We can press
57:58that and the trading panel will pop up.
58:00We have alerts here. We have search. And
58:02then this will tell you what time it is
58:04in case you didn't know what time it
58:05was. Um here's your account. So, if you
58:08have right now you see it says demo
58:10account
58:11um and it has account numbers. If you're
58:13on your live account, it will show you
58:14your account numbers here. You can
58:15switch through to multiple different
58:17accounts on here. Here it shows you
58:19equity and then open P&L. Equity is
58:21simply how much money is inside of your
58:23account right now. And then open P&L is
58:26just how much profit you're in right now
58:29if you have a position open. This would
58:31show if you were up, let's say 100
58:33bucks, or down 300 bucks, whatever it
58:35is, it would show right here and you're
58:36going to see it a little bit later on
58:38inside this video.
58:40Here we have the day margin and the
58:41initial margin. So, day margin
58:43essentially is how much money you have
58:44left to be able to trade. We kind of
58:46went over that already when we talked
58:48about the margin requirements needed to
58:50be able to open up any futures contract,
58:52but this just shows it to you how much
58:54you have available to be able to trade
58:56with. And over here you have your
58:58settings. Uh I can turn right here.
59:00We'll go through that in a second here.
59:02Uh you have your current news. You have
59:04your chat over here.
59:07And then, hold on, let me drag this
59:09over. So, you have your chat over here.
59:11Uh a bunch of things that I really don't
59:12use at all. All I use for the most part
59:14is this settings button right here.
59:17Now, let's hop into uh kind of how to
59:20get this chart back on here. So, if we
59:22press
59:23plus modules add module, um you can see
59:25we have a bunch of different options
59:27here, but what we're focused on is this
59:29chart option. So, what you do, you'll
59:31click,
59:32hold it, and drag it right into your
59:34chart, and you'll see this pop up. This
59:36is chart. This is let you put in
59:38whatever ticker you want to look at. So,
59:40we already talked about tickers, but
59:41let's say we just want to open up an NQ
59:43chart. We just type in NQ, and you'll
59:45see different monthly charts here. Just
59:47go to the first one. It always has the
59:49most recent one that's up-to-date. Um,
59:51it always has most recent one right
59:52there. So, just press, uh, this first
59:55one, NQM6. Now, you'll then have, uh,
59:59your chart open. You see candlesticks,
1:00:01you see a chart. We'll go over
1:00:02candlesticks and stuff here in a second.
1:00:03But you see your charts, you see all
1:00:05these other lines and all this other
1:00:06stuff that might look a little bit
1:00:07confusing. I'm going to show you guys
1:00:09how to clear all this out, but then
1:00:10you'll also notice that we now have, um,
1:00:13the ticker that we're trading up here.
1:00:15It shows you the price, shows you the
1:00:17bid and the ask, uh, which you don't
1:00:20really have to worry about too much when
1:00:21it comes to trading futures cuz most of
1:00:23the time they're going to be the same
1:00:24number, or right about the same number.
1:00:26Then you have some buttons here. You
1:00:28have buy market, sell market, buy bid,
1:00:30sell ask. These are buttons that you'll
1:00:32use to actually enter into the market.
1:00:34You see this number that says one right
1:00:36here. This is what you would want to
1:00:38adjust if you want to have different
1:00:41amounts of contracts. So, right here, if
1:00:43I press buy, I would open up one
1:00:44contract. Uh, if I change this to 10,
1:00:48and I press buy, I'd open up 10
1:00:49contracts. I could change it to 15, and
1:00:51I'd open up I could press sell, and I
1:00:53would open up
1:00:55uh, 15 sell contracts. And then this
1:00:58button right here is exit at market and
1:00:59close. So, if you just want to close
1:01:01your position out right away, you would
1:01:02just press that button, and I'll show
1:01:04you guys how to actually enter trades on
1:01:05here in a second as well. We'll go over
1:01:07that. Then you have ATM. So, this is
1:01:09where you put your stop losses and your
1:01:11take profit. I'll show you guys how to
1:01:13set that up in a second. And, um, for
1:01:16the most part, that is all you need to
1:01:17worry about when it comes to this panel
1:01:19up here.
1:01:20Now, on the chart, you'll notice we have
1:01:22these different icons. So, I mentioned
1:01:24that you can do your planning of trades
1:01:27on
1:01:28uh your broker. This is the broker you I
1:01:29mentioned you can do the planning of it
1:01:31on here, but realistically, it's just
1:01:34much smoother to do it on TradingView.
1:01:35But, if you did want to do it, you can
1:01:37do it on here. So, you have options to
1:01:39zoom in right here, zoom out. You have
1:01:41crosshair, so I can not show crosshair.
1:01:43So, you see when I move my mouse around,
1:01:45it doesn't have the lines that follow it
1:01:47versus if I do turn it on, you see the
1:01:48white lines that follow it. Um right
1:01:51here, we have data box. You can press
1:01:52that and just see more data on the
1:01:54ticker that it is that you're trading.
1:01:56And then, drawing tools. This is where
1:01:58you're going to click and if you want to
1:01:59draw a line on your chart, you can use
1:02:01that to draw a line.
1:02:03You can click and draw shapes. Let's say
1:02:06you want a rectangle, you can do like
1:02:08that. Um so, it does give you
1:02:10optionality to be able to plan your
1:02:11trades out here on the platform itself,
1:02:14but it's just much smoother to do it on
1:02:16TradingView. Now, here you have lock
1:02:18menu items on chart. So, if you did have
1:02:20a bunch of drawings on your chart, you
1:02:22can press that and lock it in place so
1:02:23it doesn't move. I don't use that. Um I
1:02:26don't use the drawing tools on here,
1:02:27either, from being honest. Right here is
1:02:28time period. So, this is whatever time
1:02:31frame you're looking at, and we'll go
1:02:32over time frames what all means later on
1:02:35inside this course. But, uh right now
1:02:37we're on the 1H time period, which means
1:02:39one of the one-hour time frame, which
1:02:42just tells us that each of these
1:02:43candlesticks that you see is represents
1:02:46what happened in 1 hour.
1:02:48We'll get into all that later on inside
1:02:50of it, so don't worry if you don't
1:02:51understand that. And then, right here,
1:02:52we can actually change. So, if you press
1:02:54candlesticks right here, we can actually
1:02:56change the chart type of chart that
1:02:57we're on. I can go to a line chart, and
1:02:59you see now we're on the line chart.
1:03:01Here, chart settings. So, we can change
1:03:03and mess with kind of a lot of the
1:03:04settings that we see here on our charts.
1:03:07Uh I don't really mess with that too
1:03:08much cuz like I said, I really only come
1:03:09on here to execute my trades. I'm not
1:03:11really doing too much else on here. You
1:03:14can have configure chart elements. So,
1:03:15this is something that you probably will
1:03:17want to press because you see we have
1:03:19all these extra things on here, this
1:03:20down here, this up here, this little
1:03:23uh purple line right here. What you can
1:03:25do is just press the When you press
1:03:27configure chart elements, you can press
1:03:29the trash icon and it'll delete all that
1:03:31stuff off your chart. So, it's just a
1:03:32clean chart.
1:03:33Uh so, I do suggest you doing that
1:03:35because we want it to be as clean and
1:03:36clear as possible.
1:03:37Here we have indicators, which we get
1:03:39into what indicators are later on inside
1:03:41the course, but um this is where you're
1:03:43able to add indicators and kind of put
1:03:45them on your charts.
1:03:46And then we have template list. So, once
1:03:48you've saved kind of how you want your
1:03:50charts to look because in the uh chart
1:03:52settings, you can actually change the
1:03:55color scheme
1:03:56um from dark to light. You can change
1:03:59also
1:04:00the I believe it is in here.
1:04:03Yeah, you can change the color of your
1:04:05candlesticks as well. If you don't want
1:04:06them to be green and red, you can change
1:04:08that. So, if you want to set up your
1:04:10charts to look like super super
1:04:11beautiful and you want to never have to
1:04:12touch the settings again, you can just
1:04:14save it as a template here and it'll
1:04:16save it automatically defaults. You
1:04:18don't have to do all that all over
1:04:19again.
1:04:20Uh but that's all the different tools
1:04:22that you have on here. Now, it's one
1:04:24thing you have to be aware of. When
1:04:25we're trading futures, which is what we
1:04:27do, you have to get something called
1:04:29market data. If you don't have market
1:04:31data, your candlesticks are going to be
1:04:32behind. Right now, currently it's 11:04
1:04:35in the morning. Since I have market
1:04:36data, I can see what price is doing at
1:04:3911:04 in the morning. If I don't have
1:04:41market data, I would see 15 minutes ago
1:04:43what's happening. So, obviously you
1:04:45can't trade like that because you can't
1:04:47trade based off candlesticks that you uh
1:04:49that happened 15 minutes ago. So, you
1:04:51need to get real-time market data. And
1:04:53how you do that, you come over here to
1:04:55application settings, and then you'll
1:04:57come over here to subscriptions right
1:04:58here, and you'll just scroll down, and
1:05:01what you want to do is under market
1:05:02data, you want to go and get the CME
1:05:05bundle. Now, you don't need to get level
1:05:06two. Um I have level two, but you can
1:05:09get level one. Level one is fine. But
1:05:11get the CME bundle. There are a bunch of
1:05:12different market data uh subscriptions
1:05:14that you can get based off of everything
1:05:16that I talk about trading inside this
1:05:18video, you should get the CME bundle
1:05:19because that will give you access to
1:05:21real-time market data for all the
1:05:23tickers versus you having to get market
1:05:25data for each one individually. So,
1:05:27yeah, once you have that market data,
1:05:28then you're good. You have to pay for
1:05:29it. I think it's it might be like it
1:05:30changes. It used to be like four bucks
1:05:32or something, I think. I don't know. I
1:05:33think right now it might be seven bucks
1:05:35a month. Um so, yeah, just be aware of
1:05:38that. But once you have your market data
1:05:40subscription, now you're actually able
1:05:42to come on here and trade. I want to
1:05:43walk you guys through how to actually
1:05:45trade so that you guys uh know exactly
1:05:48what to do. So, one thing that I do like
1:05:51turning off automatically, I forgot I
1:05:53had it on.
1:05:54Um by default it has it on. If you come
1:05:56over here to chart settings, cuz you'll
1:05:57notice when I drag my chart that it
1:05:59automatically puts it back, and I don't
1:06:01like that. I want it to be able to drag
1:06:02my charts freely. So, press chart
1:06:04settings right here, and then under
1:06:06continuous auto fit, just press that and
1:06:09turn it off.
1:06:10Um that way you can drag your charts and
1:06:12it won't automatically snap it back.
1:06:14Little hack for you guys cuz it's
1:06:15something that annoys me.
1:06:17>> [laughter]
1:06:17>> So, let me show you guys how to actually
1:06:18enter inside of trades just so you have
1:06:21it. I know you guys don't understand
1:06:22what candlesticks are and things like
1:06:24that, but I just want you guys to
1:06:25understand the buttons to press for when
1:06:27you do come back and you know what to
1:06:28do. Um so, you know how to actually
1:06:30enter the trades. So, if I think that
1:06:32the market is going to go up right now,
1:06:34I can simply just press buy market.
1:06:37>> Order filled.
1:06:38>> You'll see that I'm now in the trade.
1:06:40You'll see my open P&L. If it's in
1:06:42parentheses, that's me That means I'm in
1:06:44the negative. So, right now I'm negative
1:06:4680 bucks, negative 90 bucks, but if if
1:06:49it doesn't have parentheses, then it
1:06:50will uh that's showing that that's how
1:06:52much profit I'm in.
1:06:53Um that is me opening up one buy market
1:06:56cuz remember my contract is right here.
1:06:58The amount of contracts that I'm opening
1:06:59up is right here. So, I opened up one
1:07:01contract of NQ for buy, meaning I think
1:07:04that price is going to go up from the
1:07:06point that I entered. You'll see the
1:07:08blue line right here that popped up.
1:07:09That is essentially my entry point. So,
1:07:12if I entered for a buy, I want the
1:07:14candle sticks to be above and go above
1:07:16the blue line cuz that means I'd be in
1:07:17profit. Right now, obviously, my entry
1:07:20is right here and price is below it.
1:07:22That's why my open P&L is for a loss
1:07:24right now. But, let's say I just want to
1:07:26manually close my trade out cuz I'm
1:07:27like, "Okay, I don't want to lose this
1:07:28much money or this is the maximum amount
1:07:31of money I want to lose. I just want to
1:07:33close this trade out." I could just
1:07:35press exit at market and close.
1:07:37>> Order filled.
1:07:37>> And you'll notice that my open P&L is
1:07:39gone now because I don't have an open
1:07:41position anymore. And you'll see that my
1:07:43equity, since I closed the position out
1:07:45at a loss for like 350 bucks, my equity
1:07:48now changed because I lost money. Now,
1:07:50same thing vice versa, if I was open up
1:07:52a sell market,
1:07:53that means I'm obviously betting on
1:07:55price going down. Um I would do the same
1:07:58exact process. So, right now, the blue
1:08:00line is above where price currently is.
1:08:02So, my entry is above where price
1:08:03currently is. So, I'm currently floating
1:08:05in profit right now.
1:08:07Um so, if I were to press exit at market
1:08:09and close, I would close out the
1:08:11position at whatever profit I have right
1:08:13now. So, let's close it out.
1:08:15>> Order filled.
1:08:15>> I think it closed like break even or
1:08:17whatever. But, anyways, you would see if
1:08:19I made profit, I would then have equity
1:08:21put back into my account based on how
1:08:23much profit I made.
1:08:25Now, I can obviously play around with
1:08:27this and I could open up five contracts
1:08:28if I wanted to and press sell market.
1:08:30>> Order filled.
1:08:31>> And that would get me into the trade for
1:08:32five contracts, which obviously makes
1:08:34the P&L go up and down much faster. Uh
1:08:37you guys understand that now when we
1:08:39talked about going over how to calculate
1:08:41your risk and the tick value of each
1:08:44tick. So, obviously, the more contracts
1:08:46you have, the higher the tick value for
1:08:48each tick will be. But, I'll exit at
1:08:49market and close here. You'll see my
1:08:51equity is down. I just lost three for
1:08:53three.
1:08:55No, but yeah, obviously, I'm just joking
1:08:56around opening up random trades for you
1:08:58guys to see exactly how it looks like to
1:09:00open it. Now, most of the time, you
1:09:02don't need to use buy bid or sell ask.
1:09:05Just always, for the most part, just use
1:09:07buy market and sell market. Most
1:09:09beginners are never going to use buy bid
1:09:11and sell ask. For the most part, I don't
1:09:13even use buy bid and sell ask. I'm just
1:09:15buying market and selling market or I'm
1:09:17using something called a buy stop or a
1:09:20sell stop or a buy limit or sell limit.
1:09:23And we get
1:09:24uh into that later on inside of this
1:09:26course as well.
1:09:28So, one thing that you do need to be
1:09:30aware of when it comes to trading on
1:09:33Tradeovate is there is something called
1:09:35a stop loss, which essentially is
1:09:36something that automatically exits you
1:09:39from your trade that you're in when it
1:09:41reaches a certain point. I told you guys
1:09:43that this ATM thing is how we set that
1:09:45up. So, what you would do is you'll
1:09:48actually come and press settings right
1:09:50here, and you have to set up your own
1:09:52ATM kind of default. Now, how I usually
1:09:55like to do it is you'll press on right
1:09:57here, and your uh ATM name, you can name
1:09:59it literally anything you want to name
1:10:01it. Right now, I'll just leave that
1:10:02blank for right now. Leave it as ticks.
1:10:04You want TP and stop loss. TP simply
1:10:06means take profit. SL means stop loss.
1:10:09Take profit is when it reaches a certain
1:10:11point in profit, close the trade out
1:10:13automatically. I'm okay with that
1:10:15profit. Uh just close my trade out. Let
1:10:17me take my money.
1:10:18Stop loss is kind of the opposite of it.
1:10:20It's like, "Okay, if it goes this much
1:10:21in negative, close me out automatically.
1:10:24I don't want to lose any more money, and
1:10:26if it gets to this specific area, I was
1:10:29probably wrong about this trade, so let
1:10:30me cut my losses here." Now, take
1:10:32profit, you'll see it has numbers next
1:10:34to it. This is the amount of ticks that
1:10:35you want it by default to be set to.
1:10:37What I suggest most people do
1:10:40is put this to 50.
1:10:42And same thing with stop loss, put this
1:10:43to 50. This is just default to get it on
1:10:45your charts. And then stop loss type,
1:10:48leave it at stop. So, that's it. Now,
1:10:50press save here, and you'll see now
1:10:52instead of it saying off, now it has
1:10:54like this dot dot dot because I didn't
1:10:56name uh the ATM at all, but you'll
1:10:58notice here when I press buy market
1:11:01that I don't only have that blue line
1:11:03that popped up, but also these red
1:11:05lines. So, if I entered for a buy, the
1:11:07top red line will be my take profit, the
1:11:10bottom red line will be my stop loss.
1:11:13Um meaning, if price comes all the way
1:11:15up here, it'll automatically exit me out
1:11:17of the trade for a profit. If price
1:11:20comes down here, it'll automatically
1:11:22exit me out the trade for a loss. We'll
1:11:24see if it uh does it right now. And keep
1:11:26in mind, this is because I entered a buy
1:11:27position. If I entered a sell position,
1:11:30here, look, it might hit my stop loss
1:11:32right here. You see I'm negative 800.
1:11:34Let's see.
1:11:36But anyways, as I was saying, um if I
1:11:38enter a sell position, this would be
1:11:39reversed. So, if I sold right here, the
1:11:43bottom red line would be my take profit,
1:11:46the top red line would be my stop loss.
1:11:49Now, I told you guys this is just
1:11:51default. You can actually click over
1:11:52here and drag it up and down. What I
1:11:55always suggest is once you enter the
1:11:57trade, drag your stop loss and your take
1:11:59profit to where you actually want it to
1:12:01be. By default, we just set it to be 50
1:12:03ticks um away, but most of the time when
1:12:05you're actually trading, it's not just
1:12:07going to be 50 tick stop loss and 50
1:12:09tick take profit. Let's say you planned
1:12:11out your trade on TradingView before you
1:12:13enter the trade and you said your stop
1:12:14loss is going to be up here for a sell,
1:12:17right? And your take profit was going to
1:12:19be
1:12:20right here for a buy. How I would set
1:12:23that up. So, let's exit market and
1:12:24close.
1:12:24>> Order canceled.
1:12:26>> How I would set this up is I would say,
1:12:28"Okay, this is going to be I'm looking
1:12:30for a sell right now. This would be my
1:12:32stop loss. This would be my take profit
1:12:35on my sell position." This is just
1:12:36buying up. I'm trying to do an example
1:12:38here, Mr. MQ. Um so, let's say I sold, I
1:12:41press sell market, and let's just do one
1:12:43contract.
1:12:45I press sell market. You see I have
1:12:47green lines now.
1:12:49Um this just changed based off of the
1:12:51You can actually change all this inside
1:12:53the settings, the configuration
1:12:55settings or the chart settings. I forget
1:12:57which one exactly.
1:12:59I think configure chart elements and you
1:13:01press it
1:13:02and you're able to change the sell
1:13:04fills, profit trades. Yeah, you're able
1:13:06to change it all in here. You can change
1:13:07the colors and all that stuff and play
1:13:09around with it if you want. But, let's
1:13:11say I As I mentioned, I automatically
1:13:13got entered into the trade and my stop
1:13:15loss and my take profit were put at 50
1:13:17ticks both ways. I would just drag it to
1:13:20align with my originally planned areas.
1:13:23So, I drag in this instance, my take
1:13:25profit for this sell down to this white
1:13:27line. Then, I'll drag my stop loss for
1:13:30this sell up to this white line or
1:13:32wherever I plan my stop loss being at
1:13:34and then I'm set. So, I just have that
1:13:35default 50 ticks
1:13:37ATM settings just so that the stop loss
1:13:40and the take profit lines show up on the
1:13:42charts. And then, I drag them to where
1:13:44they're actually supposed to be. Now, I
1:13:46want to show you guys example of of this
1:13:48actually hitting the take profits. Let
1:13:49me just drag this super close and you'll
1:13:51see when price touches it,
1:13:53it automatically takes me out the trade
1:13:55for a profit and you see
1:13:58it closed the position out and I
1:13:59actually made money on that because it
1:14:00hit my take profit. Now, it would be the
1:14:02same exact thing if it hits my stop
1:14:05loss.
1:14:06This is a sell. So, if it hits my stop
1:14:07loss here, let's say it comes up here.
1:14:09If it's going to come up here,
1:14:11it's not going to come up here. It's
1:14:12just selling down. Anyways, you guys
1:14:14understand what I am saying.
1:14:16But, that is essentially all the things
1:14:18you need to know when it comes to
1:14:20trading on Trade O V8.
1:14:22Now, when we go over how to use
1:14:24TradingView, you'll see that you can
1:14:25actually connect your Trade O V8 to
1:14:27TradingView and trade directly from
1:14:30TradingView as well. We'll go over how
1:14:31to do that in the
1:14:33course video on how to actually use
1:14:35TradingView. But, if you want to use
1:14:37Trade O V8, this is exactly how to do
1:14:38it. This is how to set up your charts.
1:14:40This is what all the buttons mean. This
1:14:41is how to enter trades, exit trades,
1:14:43everything like that. So, first of all,
1:14:45what is TradingView? TradingView is a
1:14:47platform that us as traders go to to
1:14:50plan out our trades. You can actually
1:14:52plan out your trades, you can practice
1:14:54your trading on there, you can enter
1:14:56your trade straight from TradingView.
1:14:57It's kind of like the hub that every
1:14:59serious trader uses. Now, when you first
1:15:01come to tradingview.com, you're going to
1:15:03come to this screen right here. It might
1:15:05look a little bit different based on
1:15:07when you actually come to it. They might
1:15:08change this picture of this spaceship
1:15:10dude above the world. I have no idea
1:15:11what this has to do with trading, if I'm
1:15:13being honest. What does an astronaut
1:15:15over the world have to do with trading?
1:15:16I don't know. It doesn't matter. But
1:15:17either way, you'll be on this um page
1:15:19right here, and you'll have the option
1:15:21to get started for free. But the first
1:15:23step you want to do is to create an
1:15:24account. Now, uh you'll press get
1:15:26started here, you'll have a bunch of
1:15:28different options. For now, you can just
1:15:30get started for free. You can get a free
1:15:32trial for 30 days on either one of these
1:15:34plans. We'll go over the plans later on,
1:15:36but you can get started on either one of
1:15:38these plans for 30 days for free or get
1:15:41the top plan for 14 days. But just go
1:15:43ahead and create your account. to ask
1:15:45for super simple information. You can
1:15:47sign up with your email address, with
1:15:48Google, whatever it is. So, I'm going to
1:15:50log into a fresh account right now, so
1:15:52we can start going through the
1:15:52walk-through. All right, so once you've
1:15:54created the account, you'll see that
1:15:55this will pop up on the side here. Right
1:15:57now, I have a 30-day free trial on this
1:15:59fresh account that I made. But what
1:16:01we're going to do is hover over products
1:16:03and press super charts.
1:16:05This is going to take us to our charts
1:16:07at the moment. Now, you're probably
1:16:09looking here, probably looks super super
1:16:11confusing. I'm going to break all this
1:16:12down so you understand exactly what
1:16:14you're looking at and how to get the
1:16:15most out of it. So, first, let's start
1:16:17over here. As you see here, this is a
1:16:19watchlist. You'll see a bunch of
1:16:20different names here or tickers as we
1:16:23call them. These are simply different
1:16:24charts that you can go to. So, SPX is
1:16:27the chart for essentially the S&P 500.
1:16:31NDQ is the chart for QQQ or US 100. And
1:16:35here's just you have stocks. These are
1:16:37just like base ones that are here. But
1:16:39we'll talk about a a bit later on how to
1:16:41create your own watch list, but that
1:16:43will allow you to go to the actual pairs
1:16:46that you want to look at. Like here you
1:16:47see we have cryptos, we have forex, we
1:16:48have futures, stocks, all these things.
1:16:51You're probably not trading each and
1:16:52every one of these, so you probably want
1:16:53to create your own watch list, but we'll
1:16:55get into that a little bit later on.
1:16:57This part right here that you see, this
1:16:59is the chart. This is where you're
1:17:00actually going to see these things
1:17:01called candlesticks. We're going to go
1:17:03over a high-level overview of what
1:17:05candlesticks are and how to understand
1:17:06them in a second, but let's finish going
1:17:08over the tools. So on the left side
1:17:10panel, you'll see your name up here,
1:17:12you'll see your profile, you'll be able
1:17:13to go to your settings and everything
1:17:15like that. Then right next to that, this
1:17:17is the symbol that you're on right now.
1:17:19So the chart that we're looking at,
1:17:21we're currently on NDQ. If I press this
1:17:23right here and type in, let's say BTC, I
1:17:26can actually go to the Bitcoin chart. So
1:17:28here, now I'm looking at the chart for
1:17:30Bitcoin. You'll see over here um this
1:17:33plus button, you can actually press this
1:17:34plus button and add something to compare
1:17:38your charts to. So right now we're on
1:17:39Bitcoin, we can compare it to SPX, which
1:17:43is the S&P 500, and you'll see it'll pop
1:17:45up right here. But realistically, I
1:17:47don't ever use that ever, I'm being
1:17:49honest. Right next to it, you'll see the
1:17:51time frame. So when we go over
1:17:53candlesticks, you'll understand time
1:17:54frames a little bit more, but right now
1:17:56you see it says 1M, meaning we're on the
1:17:581-minute time frame. So each of these
1:18:00candlesticks represent what happens in 1
1:18:03minute. If we click on it, we have a
1:18:05bunch of different time frames we can go
1:18:07to. If we want to go to the 5-minute
1:18:08time frame, we can just press 5 minute
1:18:10and each of these candlesticks
1:18:12represents what price has done in 5
1:18:14minutes. We can go to the 1-hour chart,
1:18:16the daily chart, the 1-week chart, the
1:18:184-hour chart, whatever it is, you have
1:18:20full range to do that and that's where
1:18:21you do it at. Now here, next to it,
1:18:24you'll see the symbol of some
1:18:25candlesticks. If you click on it, this
1:18:27essentially allows you to choose what
1:18:29type of chart you're looking at. Right
1:18:30now, we're on Heikin-Ashi charts. We can
1:18:33press line charts and you'll see we're
1:18:35now looking at line charts. We can press
1:18:37it and go to bars charts. We can press
1:18:40it and go to so many different charts.
1:18:42But for now, let's just go to regular
1:18:44candlestick charts. Next that, you'll
1:18:46see indicators. Indicators, think of
1:18:49them as like sidekicks. They help you
1:18:52see what price is trying to show you,
1:18:54but they they put it into a different
1:18:55viewpoint. Now, I'll give you guys
1:18:56examples of that a little bit later on
1:18:58inside this video. But indicators are a
1:19:01lot of people come into trading and they
1:19:02think that indicators will tell you when
1:19:04to buy and they tell you when to sell.
1:19:06That's not what they're for. They're
1:19:07meant to use together with the strategy
1:19:09that you trade, in addition to the
1:19:11strategy that you trade, to give you
1:19:13more confidence in the trade. But that's
1:19:15indicators. And when you click it, you
1:19:17can search a bunch of indicators.
1:19:18There's so many different indicators
1:19:20here that you can pick through and play
1:19:22around with. But right next to that,
1:19:23you'll see these four squares. What this
1:19:25lets you do is have templates for your
1:19:27indicators. So, if you always use 10
1:19:30different indicators, you can create a
1:19:32template. That way, every time you load
1:19:34up your charts, it's there. The same
1:19:36indicators pop up. Here you see there's
1:19:37alerts. This is something that I use a
1:19:39lot. So, when I'm trading, I'm not
1:19:42sitting here looking at my charts all
1:19:43day long. I'm waiting for price to like
1:19:46get to certain points before I actually
1:19:48enter into trades. And these alerts
1:19:50allow me to do that because if I press
1:19:52alert, I can actually add alert at any
1:19:55area on the chart that once it hits that
1:19:57area, it'll actually send me a
1:19:59notification to my phone. Now, for
1:20:01example here, you want to set this up
1:20:03though where next to notifications,
1:20:05click it. And you want to make sure it
1:20:06says notify in app. That way, when you
1:20:09have the TradingView app downloaded on
1:20:10your phone, you'll get a notification to
1:20:12your phone that's saying, "Okay, Bitcoin
1:20:14is at that price. Maybe you should try
1:20:17buying now, or maybe you should look for
1:20:18a buy." So, that's something that I use
1:20:19a lot, alerts. Now, replay feature, this
1:20:22is for testing. I told you guys that on
1:20:24TradingView, you can test your trading
1:20:26out. You can do something called
1:20:27backtesting. We're going to get into how
1:20:29to do that a little bit later on in this
1:20:30video, but this is how you do it with
1:20:32this replay feature. Then here you have
1:20:34undo buttons. You can undo, you can
1:20:36redo, whatever it is. And that's
1:20:37essentially this entire top bar up here.
1:20:40Over here, you can actually change the
1:20:41chart layout. So, if you look at this
1:20:43square, you can actually press this and
1:20:45have two different charts next to each
1:20:47other. Right now, I guess on the um
1:20:49the subscription that I'm on, which is
1:20:51the basic subscription, it doesn't let
1:20:53you do it. But if you had upgraded,
1:20:55you'd be able to have four charts on the
1:20:57same screen. So, for example, you'd have
1:21:00one chart here, and then you'd have
1:21:02another chart here, and they can all be
1:21:04a bunch of different charts. So, that's
1:21:05just one thing to keep in mind. You can
1:21:07change that here. This right here, you
1:21:09can create layouts charts itself. We'll
1:21:12get into customizing your charts in a
1:21:13second here. And then here's just some
1:21:15other uh quick search tool. You have
1:21:17your settings tool. You have full-screen
1:21:19mode if you want any of your charts to
1:21:20be full-screen. Uh you can take a
1:21:22screenshot of your chart. And then
1:21:23here's the trade button where if you
1:21:24actually wanted to enter trades, I told
1:21:26you guys you can actually trade straight
1:21:28from TradingView. Like I said, we'll get
1:21:30to that later on in this video. I know
1:21:31it's a lot that we'll get to later on
1:21:33this video, but we will get to it. And
1:21:35you'll see exactly how to do it. Now, if
1:21:36we come over here to the left side
1:21:38panel, this is where you have all your
1:21:40drawing tools. Meaning, you can press
1:21:42this right here and draw a line on your
1:21:44chart, or you can press the arrow next
1:21:46to it and you have a bunch of other
1:21:47things that you can draw. Same thing on
1:21:50all of these. They have a bunch of
1:21:51different drop-downs for a bunch of
1:21:52different tools that you can use. And
1:21:54the cool part is, if you always, let's
1:21:56say use this trend angle, if you hover
1:22:00over it and press this little star
1:22:01button, it'll add it to your favorites.
1:22:03And when I add it to your favorite,
1:22:05it'll hover over here. So, let's say I
1:22:07always use a ray, I always use a
1:22:09parallel channel, let's say I always
1:22:12also use a brush all the time and an
1:22:15arrow marker. You see it added it to my
1:22:17favorites over here. That way I don't
1:22:18have to search for it over here through
1:22:21the tools. I can just click up here and
1:22:23use whatever it is that I'm trying to
1:22:26use. Let me delete all of this. So yeah,
1:22:28that's something cool to keep in mind.
1:22:30These are all a bunch of tools that you
1:22:31can play with. You have text and things
1:22:33like that. You have emojis here, even
1:22:35though I don't know why you'd want to
1:22:36put emojis on your chart. To each their
1:22:38own.
1:22:39Um you have this ruler icon as well,
1:22:41where you can technically measure how
1:22:43big a candlestick is. You have a
1:22:45magnifying glass, magnet tool, a bunch
1:22:47of different tools here. Obviously, your
1:22:49remove objects objects button here as
1:22:51well. Um a cool little, I guess, tip or
1:22:54trick for you guys is if you use a mouse
1:22:56when you're actually like trading, if
1:22:59you press the scroll button down, that
1:23:02will actually delete whatever it is that
1:23:03you're hovering over. So let's say I
1:23:05have a drawing right here and I want to
1:23:06delete it. Instead of manually pressing
1:23:10on it and pressing the delete button, I
1:23:12can just press that scroll wheel and
1:23:13it'll delete it. That's a super uh quick
1:23:16tip for you guys. I have a bunch of
1:23:18actually quick tips for you guys that
1:23:19you guys probably would assume because
1:23:21I've been doing this for 8 years and I
1:23:23spend hours a day looking at these this
1:23:26platform. I know the ins and outs of it.
1:23:28I feel like I know it better than I know
1:23:29myself at this point. But anyways, uh on
1:23:32the bottom of the scroll wheel here,
1:23:33you'll see what time of day it is. So
1:23:35you'll see this is 9:00 a.m. over here,
1:23:3710:00 a.m., 11:00 a.m., 12:00 p.m., 1:00
1:23:41um all that stuff over here. Now that's
1:23:43essentially a lot of the main features
1:23:45that you're going to see on TradingView
1:23:46as far as the tools and the different
1:23:48things that you need to understand to
1:23:50even be able to really see what's going
1:23:53on once you're on this platform. Now, we
1:23:55talked about these candlesticks. I just
1:23:57want to break these candlesticks down
1:23:58for you very, very quickly. So
1:24:01basically, what these candlesticks are,
1:24:02it allows us to see where price is at
1:24:04the current time and what price has done
1:24:06before. Right now, if you remember,
1:24:08we're on the 5-minute time frame,
1:24:10meaning each of these candlesticks is
1:24:12telling us exactly what price has done
1:24:14through the last 5 minutes. Now you'll
1:24:16see they're all different shapes and
1:24:18sizes. You see we have these these
1:24:20sticks on the bottom. We have these
1:24:21thick parts. They're all different
1:24:23colors. So, what does this mean? What
1:24:25does this exact What are these
1:24:26candlesticks showing us? Let me break it
1:24:28down for you simply because a lot of
1:24:29people made it way too complicated when
1:24:31I was first starting off. So, these
1:24:33skinny lines that you see, those are
1:24:35called wicks.
1:24:36The thick part that you see, that's
1:24:38called the body of the candlestick. So,
1:24:40you'll see we'll have wicks on the top,
1:24:42wicks on the bottom. Simply, what these
1:24:44wicks are showing us is showing us that
1:24:46price at one point was down here, and
1:24:49price at one point was up here. So,
1:24:51during this entire 5-minute candlestick,
1:24:54because remember each of these
1:24:55candlesticks is showing us what happened
1:24:56during 5 minutes, because we're on the
1:24:585-minute time frame, price was up here
1:25:00during this 5-minute interval, and price
1:25:02was down here. Now, on green
1:25:04candlesticks, the bottom of the body,
1:25:06that's where price started at. So, let's
1:25:07imagine this is the 10:00 candlestick
1:25:10right here. 5 minutes past, this one
1:25:13ended, and at 10:05, this candlestick
1:25:16started. So, at 10:05, price was right
1:25:18down here. And this is 10:05. So, when
1:25:2110:10 happens, the next candlestick
1:25:23would print itself. And as soon as the
1:25:25next candlestick prints itself, this
1:25:27candlestick will close. And on green
1:25:29candlesticks, otherwise known as bullish
1:25:31candlesticks, the top of the body is
1:25:34where price closed at. So, it started
1:25:36down here at the beginning of the
1:25:395-minute interval, and at the end of the
1:25:415-minute interval, it ended up here.
1:25:43Now, it's vice versa with bearish
1:25:45candlesticks or red candlesticks.
1:25:47Meaning, the wicks mean the exact same
1:25:49thing. Price has been down here, and
1:25:50price has been up here. But the
1:25:52difference is the top of the body is
1:25:54where price started at, and the bottom
1:25:57is where price ended at. I want you guys
1:25:58to see this. So, we started up here,
1:26:01price had went up here at one point, it
1:26:02went down here at one point, but when
1:26:04this 5-minute candlestick ended, it
1:26:07ended right here. And then as you see,
1:26:09the next candlestick started at the same
1:26:11place that the previous candlestick
1:26:13ended at. That's why price started right
1:26:15here. And this candlestick looks like
1:26:17it's going to end somewhere around here,
1:26:19meaning it's going to close up here.
1:26:21Now, that is the same exact thought
1:26:23process when it comes to all of these
1:26:25candlesticks. So, for instance, this
1:26:27candlestick started right here.
1:26:30It went down here at one point, and it
1:26:32closed all the way up here. Then the
1:26:34next candlestick started where the last
1:26:36candlestick ended, and it closed down
1:26:38here. And you'll see these all
1:26:40throughout, and that's how you get these
1:26:41different shapes and sizes on your
1:26:44candlesticks. Now, I mentioned before
1:26:46that we'll go over indicators.
1:26:47Indicators are meant to be used to help
1:26:49you. If you've been looking on the
1:26:51bottom of my charts, you can see this
1:26:53down here where you see green and red
1:26:55and green and red, all different sizes,
1:26:57right? This is actually an indicator.
1:26:59It's called a volume indicator. This is
1:27:01showing us, okay, how many people are
1:27:03actually buying versus how many people
1:27:05are actually selling. If we look at this
1:27:08part on the indicator, we see it's a
1:27:09huge green candlestick, which is simply
1:27:12showing us that there's a huge amount of
1:27:14buys. And as you see, it's aligned with
1:27:17the candlestick on the actual
1:27:18candlestick on top of it. And you see
1:27:20how big this candlestick is? That's
1:27:22showing us that there were a lot of
1:27:23buyers in here that caused price to go
1:27:25up. If we look here, we have this
1:27:27candlestick right here, or this
1:27:29indicator right here with a big red bar,
1:27:31showing us that it's a lot of sellers
1:27:33right at this time. If we line it up
1:27:35with the candlestick above it, so if we
1:27:37line it up, it's talking about this
1:27:39candlestick. So, this candlestick, even
1:27:41though it's not much bigger than this
1:27:42one, this still had a whole bunch of
1:27:45sellers in it. So, this is just one
1:27:47indicator. If I'm being honest, I don't
1:27:49really use this indicator too much. So,
1:27:51what you can do if you don't want this
1:27:52on your chart is if you click on it, you
1:27:54can actually just press delete.
1:27:56Now, if we press indicators here, I told
1:27:58you guys there's so many different
1:27:59indicators. You have your technical
1:28:01indicators, which is just like
1:28:02indicators you'll see pop up on your
1:28:04chart. Like, for example, we can press
1:28:06this moving average exponential, and
1:28:09you'll see this line pop up. You can
1:28:10type in any indicators that you might
1:28:12find on YouTube, or that your friend
1:28:13might have told you about or if you
1:28:14watch any of my other videos, I talk
1:28:16about indicators that I use as well. You
1:28:18can type it all here as well. You can
1:28:20also create your own indicators if you
1:28:22are a coder, you can implement it
1:28:24straight into TradingView. I'm not a
1:28:26coder. Then they also have like some
1:28:28fundamental indicators which is simply
1:28:30just showing us more news-related
1:28:32indicators or indications, but most of
1:28:34the time you'll stick to technical
1:28:35indicators if you do end up even using
1:28:38indicators in itself. Like I said, it's
1:28:40not a necessity, but it is something
1:28:42that can be helpful in your trading.
1:28:45Now, one of the cool things about
1:28:46TradingView is that basically everything
1:28:48here is customizable and I've customized
1:28:51my charts to look a lot better than what
1:28:53this looks like. This is just plain with
1:28:54like this white background, these
1:28:55candlesticks. You can actually change
1:28:57all of that. So, if you press your name
1:28:59here on the top left corner or the
1:29:00picture of your name, you can actually
1:29:02change it to a dark theme by hitting
1:29:03this switch. Let's press yes. You see
1:29:06everything went black, right? Which to
1:29:08me is a lot cooler. You can do whatever
1:29:10you want to do, you can keep it on light
1:29:11theme, but then there's also so much
1:29:13more that you can adjust. Let's actually
1:29:15delete this indicator. Uh one thing I
1:29:17forgot to mention, if when you do put an
1:29:19indicator on, it'll pop up down here and
1:29:21you're actually able to delete it with
1:29:23this button right here and you'll see
1:29:25the indicator left the screen. But,
1:29:26you're actually able to right click on
1:29:28your screen and press settings and
1:29:30customize essentially everything on the
1:29:31chart. So, if I wanted to change the
1:29:33candlesticks, I could change the body of
1:29:36it. Remember we talked about the body of
1:29:37a candlestick versus the wick of a
1:29:38candlestick. If I wanted to change the
1:29:40body of the candlestick to purple,
1:29:42right? Keep in mind this first one is
1:29:44always going to be the bullish
1:29:46candlesticks, meaning the candlesticks
1:29:47that go up or the candlesticks that were
1:29:49green. So, if I wanted to change my
1:29:51green candlesticks to purple, this is
1:29:52the one I would change. If I wanted to
1:29:54change my red candlesticks to, let's
1:29:56say, I don't know, yellow, I could do
1:29:58that as well and that would just mimic
1:30:00that color across the board so that all
1:30:02of the colors are
1:30:04I think I chose the wrong colors if I'm
1:30:05being honest, but it doesn't matter. So
1:30:07that all the the candlesticks look the
1:30:09same, I can make it look like this,
1:30:10little bit of Kobe action here.
1:30:12Um you can change it really to whatever
1:30:14you want, and then you can actually save
1:30:16it as a template as well. So every time
1:30:17you open up TradingView, it'll look like
1:30:19that. This is a super ugly colorway, so
1:30:22I'm going to actually delete that. But
1:30:23if we go back to settings, we can change
1:30:25the status line, which is essentially
1:30:27this over here. We can change a lot of
1:30:29the things up there if we want to take
1:30:30things off of there, we can do that as
1:30:31well. Super customizable. The scales and
1:30:34the lines is essentially this over here
1:30:36and this down here. We can change so
1:30:38many things about it. You can play with
1:30:39it if you want to. I really don't play
1:30:41around too much with it. This is
1:30:43perfectly fine to me. Most of the time I
1:30:44just change my background, and I change
1:30:46the colors of the candlesticks. You can
1:30:48go to canvas. Um you'll notice here
1:30:50these white lines that you have here. A
1:30:52lot of people don't like them. So the
1:30:54way to take that off is if you actually
1:30:57uh look at grid lines right here, you
1:30:58can just press none, and that'll turn
1:31:00that off. So if you don't want that, you
1:31:02can do that. You just press okay. And
1:31:04there's just so much you can customize
1:31:05with it. So definitely if you're the
1:31:07type of person that I guess wants to
1:31:08make make it your own, play around with
1:31:11it. Um change the colors of the
1:31:13candlesticks, change the chart type. It
1:31:15can make trading a little bit more fun
1:31:16versus just staring at a bland white
1:31:19chart with green and red candlesticks.
1:31:21All right. So now that you understand
1:31:23how to use TradingView, you understand
1:31:24all different tools, you know how to
1:31:26change the colors of your candlesticks
1:31:27and add indicators, let's go into how to
1:31:30test your strategy on here, how to
1:31:31backtest. So I mentioned this tool over
1:31:33here called the replay feature. If you
1:31:35press this right here, you'll notice
1:31:37this blue line will now pop up. What
1:31:39this allows you to do is let's say if I
1:31:41were to click right here, it would
1:31:43delete all the data after that. So it
1:31:45would delete all of this right here.
1:31:47Let's click it. It's going to make me
1:31:49upgrade right here. I think if I press
1:31:51this, it'll just
1:31:52uh I'm a non-professional.
1:31:54Basically, almost every single person
1:31:56watching this would be a
1:31:56non-professional. I just press confirm
1:31:59really quickly. Actually, let me just
1:32:00log into my other account versus doing
1:32:02all this, cuz if you want to use that
1:32:03replay feature, you're going to have to
1:32:05upgrade your subscription whether you
1:32:06pay for it or you use uh a free trial.
1:32:09But, let me just go into my actual
1:32:11TradingView account now and walk you
1:32:12guys through all that. All right, so
1:32:13here we are. As I was mentioning when
1:32:15you press this replay feature, the blue
1:32:17line will pop up here and let's say I
1:32:19wanted to click right here, you'll see
1:32:20it deleted all that data before it. Now,
1:32:23the reason why that's cool and very
1:32:24important is that as traders we need to
1:32:27practice our trading, but if you just
1:32:29scroll back and you're like, "Okay, I
1:32:31would have sold right here because I saw
1:32:33this red candlestick,
1:32:35but the only reason you're saying you
1:32:36would have sold right here is cuz you
1:32:37already saw that price continued to sell
1:32:39down to the downside, it just gives you
1:32:41inaccurate confidence in your trading.
1:32:43So, in order to do it legitimately, you
1:32:46have to go back in time so you can't see
1:32:48what happens after it and that's how you
1:32:50are able to practice it. But, like I was
1:32:52saying, um once that blue line pops up,
1:32:54you can literally just click anywhere
1:32:56and it'll it'll delete all the data
1:32:58before it so you can't see anything
1:33:00before it. And then what you're able to
1:33:01do is either press this play button and
1:33:04you'll see the candlesticks will then
1:33:05start to move and start printing
1:33:08or
1:33:09you can press this forward button where
1:33:11it'll just go by uh one candlestick at a
1:33:14time. It'll fast forward one candlestick
1:33:15at a time. Cuz here, when I press play,
1:33:17as you see it went very fast. You can
1:33:19change the speed how fast it goes by
1:33:22changing this down here. If I wanted to
1:33:24change it to, let's say, one,
1:33:26you'll notice that when I press play, it
1:33:28goes a lot slower.
1:33:30Or you could press this button right
1:33:31here and just fast forward individually
1:33:33yourself candlestick by candlestick. And
1:33:35then also this right here, you're going
1:33:37to see 1 hour.
1:33:39This is simply the interval that it's
1:33:41going to fast forward. So, if I press
1:33:43skip fast forward one time, it's going
1:33:45to go fast forward 1 1 hour candlestick.
1:33:48And the reason it does that is cuz I'm
1:33:50on the 1 hour time frame right now. If I
1:33:52go to the 5 minute time frame, you'll
1:33:54see this will change to the 5 minute,
1:33:55meaning it'll print a new 5 minute
1:33:57candlestick again. Now, you can actually
1:33:59change this setting if you want it to. I
1:34:01suggest to keep it kind of
1:34:04in sync with whatever time frame you're
1:34:05on, because it makes it much easier.
1:34:08But, then you have this button right
1:34:09here. This essentially will just jump to
1:34:11real time, meaning it'll end your replay
1:34:13session, so you're not in backtest mode
1:34:15anymore. Now, you can get out of
1:34:17backtest mode again by just pressing
1:34:18replay again, and it'll close all that
1:34:20out. But, that is essentially how you're
1:34:21able to use the replay feature to be
1:34:23able to backtest any strategy that you
1:34:25want to backtest without you being able
1:34:27to cheat because you already know what's
1:34:29going on because you already see all the
1:34:31candlesticks. All right. Now, you know
1:34:32how to backtest, but that's fake money,
1:34:35essentially. That's That's practicing. I
1:34:37told you guys before that you're
1:34:38actually able to trade directly from
1:34:41TradingView. So, let me walk you through
1:34:43exactly how to do that cuz that's really
1:34:45how I trade the majority of the time.
1:34:46Over here, if you remember, I said you
1:34:47have this trade button. You could just
1:34:49press trade right here, and a bunch of
1:34:52options will pop up to link your broker.
1:34:55Keep in mind, TradingView is a platform.
1:34:57It's a trading platform. It is not a
1:34:59broker. A broker is essentially the
1:35:02platform or like your bank account.
1:35:04That's where your money is held. That's
1:35:05where you're actually taking the trades
1:35:07at. But, if you have a broker already,
1:35:09and I've made so many videos about
1:35:11setting up your broker, this is the
1:35:12broker that I personally use, Trade of
1:35:14Eight. But, if you have your broker
1:35:15already, you can simply just press it,
1:35:18and it'll ask for your login
1:35:19instructions. Let's say my broker is
1:35:21Trade Station. I can press Trade
1:35:23Station, and I can choose whether it's a
1:35:25live account or a demo account. And
1:35:28let's say it's a live account. I'll
1:35:29press connect, and then it'll prompt me
1:35:31to log in on my broker account. And once
1:35:34I'm logged in on my broker account, I'd
1:35:36be able to actually trade straight from
1:35:38TradingView. Now, I'm going to show you
1:35:40guys exactly what it looks like when
1:35:41you're trading as a from TradingView.
1:35:43But, let's just go on this paper trading
1:35:46uh right here because TradingView does
1:35:47have a paper trading feature, which
1:35:49allows you to demo trade or trade with
1:35:51fake money, so you can practice actually
1:35:53trading. And I do suggest that for most
1:35:55No, definitely all new traders, they
1:35:57should be on uh the demo account just to
1:36:00start off. So, let's press paper trading
1:36:02cuz it's going to be the same exact
1:36:03layout versus if I'd logged in on any
1:36:06real brokerage. So, press paper trading
1:36:08right here and just press connect.
1:36:10You'll see this panel will pop up down
1:36:11here. And on this panel, it'll show you
1:36:13your account balance. Keep in mind, this
1:36:15is all fake money here. Account balance,
1:36:17it'll show you your equity, it'll show
1:36:19you your realized P&L, which is your
1:36:20profit and loss on your demo account. Or
1:36:23if you had your real account connected,
1:36:24it would show this information as well.
1:36:26Uh your margin, available funds, all
1:36:28those things. Also, if you're in a
1:36:30trade, it'll show your positions down
1:36:32here. You can look at your order
1:36:33history, which will show you all your
1:36:35trades that you have taken. Um you have
1:36:37balance history, which is showing you
1:36:39your realized P&L based off all the
1:36:41trades. And yeah, it has a trading
1:36:44journal here as well. So, this is
1:36:45essentially the pop-up that pops up when
1:36:47you connect with your brokerage or your
1:36:50paper trading account. Now, what you can
1:36:51do right now is just minimize that cuz I
1:36:53want to show you guys exactly how to
1:36:55even enter trades itself. So, it's very,
1:36:57very simple. Once you've connected your
1:36:59account, you can actually see that this
1:37:00buy button and this sell button are
1:37:02actually connected now, meaning you're
1:37:05able to actually press it. And when you
1:37:07press it, it'll enter you into a trade
1:37:08of whatever stock or crypto you're on
1:37:11right now. Right now, we're on the
1:37:13Bitcoin chart. So, if I press buy right
1:37:15now, you're going to see I get entered
1:37:17into the trade. This blue line will pop
1:37:19up. And it's just showing me my profit
1:37:21or my loss at that moment. Right now,
1:37:24I'm negative $250 currently, which this
1:37:27is fake money, so I don't really care.
1:37:29Now, I'm negative $17. Now, you'll see
1:37:31to the side of it, you have SL and TP.
1:37:35This simply stands for take profit and
1:37:37stop loss. The cool thing about it is if
1:37:40you press, let's say, stop loss. If you
1:37:42don't know what a stop loss is, this is
1:37:43simply like you putting protection where
1:37:46if it gets to a certain point in the
1:37:48negative, the trade will automatically
1:37:50close you out and stop you from losing
1:37:51too much money. That's what a stop loss
1:37:53is. Take profit is the opposite of it. A
1:37:55take profit is essentially where it's
1:37:57like if price hits this profit level,
1:37:59it'll take me out of my trade because
1:38:01I'm okay with that profit level. But
1:38:03like I was saying, if you click and
1:38:04drag, let's say stop loss,
1:38:06and drag it down,
1:38:08this is exactly where price would get me
1:38:11out of the trade automatically cuz I set
1:38:12my stop loss. Same thing with take
1:38:14profit. If I drag it up, if price taps
1:38:17where I dragged it to, it would get me
1:38:19out of the trade automatically. I can
1:38:21try and simulate this, so I'll drag it
1:38:23closer to where price actually is. We'll
1:38:24see if price taps it. Oh, price tapped
1:38:26it. So, this took me out of the trade
1:38:28automatically and that closed my trade
1:38:30out. Now, if I press this button down
1:38:32here to open back up my my chart, I can
1:38:36see that my trade was already taken. I
1:38:38can go to balance history here and see
1:38:40that this is the trade that I'd taken,
1:38:41the day and the time I'd taken it, my
1:38:44realized profit and loss, meaning how
1:38:45much I actually closed the trade for, um
1:38:48and then when I'm in a trade, if we go
1:38:50back to positions, let's just press buy,
1:38:52so I'm in a trade, you'll see it pop up
1:38:55right here. This is the trade that we're
1:38:57in. Uh you can see we entered at this
1:39:00price. This is our unrealized P&L,
1:39:03meaning we haven't closed the trade out
1:39:05yet, uh our market value, our leverage,
1:39:07all those things. You can see all your
1:39:08data here when you actually are trading
1:39:11it. Now, a cool little tip as well for
1:39:14you is we went over the drawing tools
1:39:16and things like that. We didn't dive
1:39:17into any specific ones, but these are
1:39:19the ones that I use the most, which is a
1:39:21long position tool and a short position
1:39:23tool. When I'm looking for buys or I'm
1:39:25planning out my trades to be a buy, I
1:39:27would use a long position tool. When I'm
1:39:29planning out my trades for a sell, I use
1:39:31a short position tool. Now, what it does
1:39:33is, let me click it right here. Imagine
1:39:35I'm saying I'm going to buy it right
1:39:37here. I'd click exactly where I'd buy
1:39:39it. You're You're to see this green box
1:39:41pop up, and this red box pop up. Now,
1:39:44this is a symbol of my take profit, or I
1:39:47guess a drawing of where I'd put my take
1:39:49profit, and where I'd put my stop loss.
1:39:51The red is obviously my stop loss, the
1:39:53green is my take profit. So, what you
1:39:55can do is let's say I'm planning, since
1:39:58I entered the trade here, if price sells
1:40:00down here,
1:40:01I want to close my trade out at a loss
1:40:03right here, before I lose too much more
1:40:05money.
1:40:06And then, same thing with my take
1:40:07profit. If I drag it, let's say right
1:40:09here, this is where I'm planning to take
1:40:11profit at, because at this point I would
1:40:13have made enough money. That's what I
1:40:15like. Now, here you'll see some stats on
1:40:17the long position tool. You'll see risk
1:40:20reward ratio, which simply means that if
1:40:22price hits my stop loss, I'm risking
1:40:24whatever amount, but if it hits my take
1:40:26profit, I'm making the same amount. I
1:40:28guess for a better example, if I drag my
1:40:30take profit up, and you see this goes to
1:40:32a two to one risk reward ratio,
1:40:34if price hits my stop loss, for example,
1:40:36let's say I'd lose $100, but if it hits
1:40:39my take profit, I'd make two times as
1:40:41much as I'm risking. So, in this
1:40:43example, if I'm risking $100, I'd make
1:40:46$200 if it hits my take profit. So, this
1:40:48tool is really just used to plan out
1:40:50your trades. You drawing this on your
1:40:52chart does not enter you into a trade.
1:40:54It doesn't do anything. It just lets you
1:40:56plan out your trade. But, what you can
1:40:58do is if you right click on it, you
1:41:01press create limit order,
1:41:03it'll actually fill out all this
1:41:04information for you. That way, it has
1:41:07your entry, it has your stop loss, and
1:41:10it has your take profit automatically,
1:41:12and you could just press buy.
1:41:13That way, you don't have to press the
1:41:15buy button, and then drag your stop
1:41:17loss, and then drag your take profit.
1:41:19That's just another tip for you guys
1:41:21that I use a lot when I'm using
1:41:23TradingView. All right. So, now you know
1:41:25all the tools, you know all the
1:41:26features, you know how to customize, you
1:41:27know how to back test, you know how to
1:41:28trade. Let's go back to the part about
1:41:31subscriptions, cuz I want to dive into
1:41:32that, and there's a couple things that
1:41:33you actually have to do before you can
1:41:35actually start trading on here. So, if
1:41:37we press our name over here and we hover
1:41:40over it right here, we actually should
1:41:42go into settings and billing. But, the
1:41:43reason we need to go into settings and
1:41:45billing is cuz if you plan on trading in
1:41:47the futures market or you plan on
1:41:49trading stocks or you just plan on
1:41:51trading futures itself, you need to buy
1:41:53something called the market data
1:41:55subscription. If you don't, when you go
1:41:57to any futures ticker, let's say a
1:41:59futures ticker is NQ, if you go to NQ,
1:42:03the candlesticks are going to be
1:42:04delayed. Meaning, right now it is 3:36,
1:42:08but it would show you the candlesticks
1:42:10from like 3:00. You would not be able to
1:42:12see the current candlesticks because
1:42:13your charts are delayed. In order for it
1:42:15not to be delayed, you need to purchase
1:42:18real-time market data. And this is how
1:42:20you do it. Like I said, you hover over
1:42:22your name, go to plans and billing, and
1:42:24then you want to go to subscriptions
1:42:25right here. And then you want to get
1:42:27real-time market data. I always suggest
1:42:29for me and all my other students, I
1:42:31suggest them to get the CME Group just
1:42:33cuz it allows you essentially to have a
1:42:35real-time market data on basically every
1:42:37major futures pair if you do plan on
1:42:40trading futures. So, that's what you're
1:42:42going to need to get. And as far as your
1:42:44plan, right? There's multiple different
1:42:46plan options that you have as we've gone
1:42:48over before. Realistically, for most
1:42:50beginners, the essential plan is going
1:42:53to be enough. There's obviously you can
1:42:55go through all these different things
1:42:56and choose what you feel like you need
1:42:58the most, but essentially the essential
1:43:00plan, no pun intended, is enough for
1:43:04most beginner traders. When you get more
1:43:06complex or you you're taking it a little
1:43:08bit more serious, you can then go and
1:43:10choose any of these other plans. Like
1:43:12right now, I day trade full-time and
1:43:15I've been doing this for like 8 years.
1:43:17And I'm only on the premium plan. I'm
1:43:18not even on the ultimate plan. For the
1:43:20longest time, I was actually on, I
1:43:22believe the plus plan or the essential
1:43:24plan. I think it was the plus plan. But,
1:43:26like like
1:43:27make your own decision on what you need.
1:43:29You can look at all the different stats
1:43:30and things like that here based off of
1:43:32what you need. But like I said, the
1:43:34majority of the time, if you're a
1:43:35complete beginner, the essential plan is
1:43:37enough, and make use of that free 30-day
1:43:39trial and get the most out of it. All
1:43:41right, so I know we already went over
1:43:43candle six pretty briefly on the
1:43:45TradingView video,
1:43:47but I just want to have give you guys
1:43:49more of a deeper dive on it to make sure
1:43:50you guys fully understand it. As I said,
1:43:52many people make it way too complicated,
1:43:55but I just want to make it as simple as
1:43:56possible for you cuz it's really not
1:43:58that complicated at all. So this we're
1:44:00going to dive super deep into it, and
1:44:02you guys are going to have a bit of a
1:44:03cheat sheet to kind of just be able to
1:44:04screenshot, print off if you want to
1:44:06have it, so you know exactly what candle
1:44:09six mean, and you just learn it much
1:44:11quicker and much more efficiently.
1:44:13So first of all, why do we even use
1:44:15candles? A candle is the market shouting
1:44:18who won, meaning did buyers win, or did
1:44:21sellers win?
1:44:22So line charts show one number per
1:44:24period, candles are going to show four.
1:44:26It gives us way more data using
1:44:28candlestick charts than line charts.
1:44:30You're going to see the open, the close,
1:44:31the high, and the low at a glance
1:44:33without having to
1:44:35go too much into the weeds and look too
1:44:37long for it. That's the benefit of using
1:44:39candlestick charts versus using regular
1:44:41line charts or things like that. The
1:44:43shape tells you the fight. It tells you
1:44:45who controlled and who pushed back. This
1:44:47is how I like to look at candle six,
1:44:49essentially the bulls versus the bears.
1:44:51We kind of hinted on bulls and bears
1:44:53means or bearish market or bullish
1:44:55market means. So a bearish market simply
1:44:57means that the market is going down, so
1:45:00bears are winning or sellers are
1:45:02winning. A bullish market means the
1:45:03market is going up, or bulls are
1:45:06winning, or
1:45:08buyers are winning. So
1:45:11I like to just have that concept in my
1:45:12mind because that's helped me learn it a
1:45:14lot quicker. But once you can read one
1:45:16candle, you can read any chart, and
1:45:18that's why it's so important that you
1:45:19guys understand it, and why I just
1:45:21wanted to dive even deeper into it. So
1:45:23here's the anatomy of a candlestick.
1:45:26As I mentioned, every candle is going to
1:45:27tell you four things. It's going to tell
1:45:29you where price opened, meaning where
1:45:31price started at, where it closed, where
1:45:33it ended at, the highest point it went,
1:45:35and then the lowest point it went. So,
1:45:37on a bullish candlestick, which is a
1:45:39green candlestick, the bottom of the
1:45:41body of the candlestick, that's the
1:45:43open. The top of the body of a bullish
1:45:46candlestick, that's the close. Then the
1:45:48highest point of the wick, that's the
1:45:50high that it went. The lowest point of
1:45:52the wick, that's the low that it went.
1:45:54Now, it's the same thing on bearish
1:45:56candlesticks, except the open and the
1:45:58close are flipped. So, the open is going
1:46:00to be, or the start of the candlestick,
1:46:02is the top of the body of the
1:46:04candlestick. The close is going to be
1:46:06the bottom of the body of a bearish
1:46:08candlestick. Now, when it comes to the
1:46:10wicks, it's the exact same. The bottom
1:46:12wick is the lowest point it went. And
1:46:14the highest wick is the highest point
1:46:16that it went. So, bullish candlesticks,
1:46:19bearish candlesticks, this is your cheat
1:46:21sheet right here. Take this, print it
1:46:22off if you want to, and uh you'll be
1:46:24able to learn it a lot quicker. Now,
1:46:25green versus red. This is super simple,
1:46:27but just in case you don't know, green
1:46:29candlestick, buyers are in control,
1:46:31closed finished above open, meaning
1:46:34where price started at, price ended
1:46:37higher. That's bullish for this candle.
1:46:39A bigger body means a stronger move most
1:46:41of the time. And uh later on inside the
1:46:43course, we'll go over candlestick
1:46:45patterns cuz there's certain looking
1:46:47candlesticks that give us kind of a, I
1:46:49guess, a looking into the future of what
1:46:51could happen next. They give us They
1:46:53show us patterns that allow us to know,
1:46:54okay, the market is probably going to go
1:46:56up after this candlestick, or it's
1:46:58probably going to go down after this
1:46:59candlestick. We're going to go over
1:47:00candlestick patterns in a second here.
1:47:02Um but just in simple terms, a bigger
1:47:04body equals a stronger move. Now, red
1:47:06candlesticks, that means sellers are in
1:47:08control. That essentially just shows us
1:47:10that the close, meaning the ending of
1:47:13the candlestick, finished below the
1:47:15beginning, or the open of the
1:47:17candlestick. Um so, like you'd say, this
1:47:19candlestick was bearish. Now, a bigger
1:47:21body, obviously, same thing means a
1:47:23stronger move. So, just be aware of
1:47:26that. All right. So, now, what is the
1:47:27body of the candlestick tell us? I kind
1:47:29of hinted on it already. If we see a big
1:47:31body, regardless if it's bearish or it's
1:47:33bullish, it's just showing us that
1:47:34there's a strong move. It's either that
1:47:38if we have a big bullish body, there's a
1:47:39lot of buying pressure to the upside. If
1:47:42we have a big, um, bearish candlestick,
1:47:45there's a lot of strong momentum to the
1:47:47downside. Now, a small body just
1:47:49signifies it's a weaker move, meaning
1:47:51there's more indecision. Neither side
1:47:53won by too much, meaning the bulls
1:47:55didn't win by too much or the bears
1:47:56didn't win by too much. Now, if you see
1:47:58a tiny body or essentially nobody,
1:48:02that's a doji territory. We get into
1:48:04what dojis are uh later on inside the
1:48:06course. That's just a candlestick
1:48:07pattern that shows us what indecision
1:48:09is.
1:48:10Um, it's meaning it really just shows us
1:48:11that price opened and closed basically
1:48:14at the same exact point. It could have
1:48:16had big wicks to the upside or downside,
1:48:19but essentially it opened and it closed
1:48:21at basically the same exact price. Now,
1:48:22what do the wicks tell us? Cuz the wicks
1:48:24do tell us an important story and you
1:48:26need to be aware of it. So, if we have a
1:48:28long lower wick, buyers stepped in
1:48:30because it's showing us that price tried
1:48:32to go down to an area, but it couldn't
1:48:36stay below there, so it created a huge
1:48:38wick to the downside, but ultimately the
1:48:41body of the bullish candlestick finished
1:48:43higher than it started with. So, that's
1:48:45just showing us that sellers pushed
1:48:47price down, but buyers rejected the move
1:48:49and pulled it back up. It's a bullish
1:48:52signal at the bottom of a downtrend.
1:48:53It's a great, uh, candlestick to see if
1:48:56you want to look for buys. Now, vice
1:48:58versa, if we see a long upper wick,
1:49:00meaning there's a wick, a huge wick on
1:49:02the top, that means sellers stepped in
1:49:05after buyers tried to push price up. So,
1:49:08let's say we had a huge wick to the
1:49:09upside, but price still ended up closing
1:49:12bearish and closing below where we
1:49:14opened at, that's just showing us that
1:49:16price tried to buy up, but all the
1:49:18sellers and all the bears stepped in and
1:49:21sold price down, signaling way more
1:49:24stronger bearish momentum. If you're
1:49:27looking for sells, that's kind of the
1:49:29the candlestick that you'd want to see.
1:49:31So, one candlestick has four prices on
1:49:34it. It's going to tell you the full
1:49:35story of the entire fight. Green or red,
1:49:37that tells you who won. The body is
1:49:39going to show you essentially how strong
1:49:41or how how much they won by. And then
1:49:44the wicks tells us who got rejected,
1:49:46essentially. Who tried to win and won
1:49:48for a little bit, but ultimately ended
1:49:50up losing. If you can master this, then
1:49:52patterns make sense, candlesticks make
1:49:54sense, charting makes sense, and you
1:49:56will be able to predict the markets. All
1:49:59right. So, now let's go over candlestick
1:50:01patterns. So, there are five patterns
1:50:03that actually matter. It's kind of the
1:50:04main patterns that most people look at.
1:50:07And I'm going to show you guys real
1:50:08examples here on the slideshow. And I'm
1:50:09also going to go on the charts and show
1:50:11you guys them as well, so you guys see
1:50:12them live in action,
1:50:16essentially. So, why do patterns work?
1:50:18First of all, patterns are humans
1:50:19repeating themselves. So, every pattern
1:50:21is a footprint of a buyer versus a
1:50:23seller battle. As we already talked
1:50:25about, the candlesticks show us who won
1:50:28the battle, who lost the battle, who was
1:50:30winning the battle, who ended up
1:50:31ultimately winning it. So, same battles
1:50:33repeat at support, resistances, and
1:50:36trend turns. Meaning if we're trending
1:50:38to the upside, we'll see certain
1:50:40patterns that tell us the trend is about
1:50:41to end. If we're trending to the
1:50:43downside, we'll see certain patterns
1:50:44that tell us that that trend is about to
1:50:46end as well. So, context is everything.
1:50:48The same pattern in the middle of
1:50:49nowhere is noise, and we'll go over that
1:50:51on the charts here in a second. And
1:50:53confirmation matters. So, one
1:50:55candlestick alone is a guess when you
1:50:57can have two candlesticks that tell the
1:50:58entire story and give you more
1:51:00confidence. That is a signal. So, if
1:51:02you're able to see two candlestick
1:51:04patterns that align,
1:51:06it just can make you feel a lot more
1:51:08confident about what's about to happen
1:51:09next. Next. But, I'm going to show you
1:51:11guys these candlesticks first. Uh why
1:51:14they work, the signal, and then also
1:51:16when it fails. So, first of all, the
1:51:17first candlestick pattern I'm going to
1:51:19show you guys is the hammer candlestick.
1:51:21This is a bullish reversal candlestick
1:51:23after a downtrend. So, the signal,
1:51:26meaning what it looks like, it's a small
1:51:28body at the top with long lower wicks.
1:51:31This essentially just tells us that
1:51:33buyers crushed the sellers. Now, when
1:51:36does it work? It works when you see this
1:51:38at the bottom of a downtrend, near
1:51:40support, or with extra confirmation. So,
1:51:43in this example here, you see we're
1:51:45we're trending to the downside, and then
1:51:47we got the hand hammer candlestick,
1:51:49which is a body a small body at the top
1:51:51of the candlestick which with a long
1:51:53wick on the bottom. Once we got that,
1:51:55price started going up, and we'll show
1:51:57examples of this on the chart as well.
1:52:00Now, when does it fail? It fails in the
1:52:02middle of a range with no
1:52:03follow-through. Meaning, if price is
1:52:05just chopping up and down consolidating,
1:52:07as we went over before,
1:52:08you seeing a hammer candlestick is not
1:52:10going to be that confident, right? Now,
1:52:12let's go to the shooting star, which is
1:52:14essentially the opposite of a uh hammer
1:52:18candlestick. Meaning, we have a small
1:52:20body on the bottom with long upper wick,
1:52:23just like this. That just tells us that
1:52:25sellers crushed the buyers. When it
1:52:27works is the opposite of when a hammer
1:52:29candle hammer candlestick works. Uh so,
1:52:31it's going to work when price is
1:52:32trending to the upside, and then we get
1:52:35a shooting star candlestick, and that's
1:52:37telling us that price is probably about
1:52:39to reverse to start going back down.
1:52:42Now, it fails at the same point. It
1:52:43fails in the middle of a range when
1:52:45there's no follow-through, um or if it's
1:52:47in the middle of a trend itself. So,
1:52:49that's the shooting star candlestick.
1:52:50When we see a shooting star candlestick,
1:52:52we should be looking for sales cuz the
1:52:54market's probably about to reverse. Now,
1:52:56here's a bullish engulfing. And how I
1:52:57think about engulfing, cuz there's
1:52:59bullish and bearish, which we'll go over
1:53:00in a second, a bullish engulfing simply
1:53:02means that the bullish candlestick
1:53:04basically is bigger than the the bearish
1:53:07candlestick that was before it. So, in
1:53:08this example, you see the candlestick is
1:53:10this small, and then we have a bullish
1:53:12candlestick that is much bigger than
1:53:13that one. I think of it like it ate the
1:53:16other candlestick, or it could eat the
1:53:18other candlestick, how big it is.
1:53:20Um but that's how I think about bullish
1:53:21engulfings. Usually, after we get a
1:53:23bullish engulfing, price will continue
1:53:25to go up to the upside. Now, it works
1:53:28after a clear downtrend. Um when it
1:53:30fails, it's going to be kind of the same
1:53:32point as the other candlestick patterns.
1:53:35It fails in choppy sideways action. If
1:53:37we're just consolidating,
1:53:39seeing an engulfing candlestick does not
1:53:41really mean much at all. Now, a bearish
1:53:43engulfing is the opposite. We have a
1:53:44bunch of bullish candlesticks, and then
1:53:46we have a bearish candlestick that is
1:53:48big enough to eat
1:53:50the bullish candlestick that was before
1:53:51it. And this just signals that price is
1:53:53about to go back to the downside. Again,
1:53:56this works when there's a clear uptrend,
1:53:58meaning we're we're trending to the
1:54:00upside clearly. And then if we see a
1:54:02bearish engulfing, that tells us that
1:54:04price is about to start reversing and
1:54:06selling to the downside. Um it fails in
1:54:10choppy sideways action, once again. Now,
1:54:12this right here is probably my favorite
1:54:14candlestick pattern to see, which is a
1:54:15doji candlestick. Uh essentially, what
1:54:18it is is that the open and the close are
1:54:20nearly identical. We kind of hinted at
1:54:22this a little bit earlier, but it has a
1:54:23small body, a small skinny body, and
1:54:26long wicks on the top and long wicks on
1:54:28the bottom. Now, it doesn't have to be
1:54:29exactly the same size wicks on the top
1:54:31and bottom, but
1:54:33um you do want to see it have wicks on
1:54:35the top and wicks on the bottom that are
1:54:37decently long. And then you want that
1:54:39doji to be pretty small. It doesn't have
1:54:41to be a thin line like this, and I'll
1:54:43show you examples on the chart here, cuz
1:54:44these are all obviously just examples.
1:54:46On the real charts, you're never going
1:54:48to get these picture-perfect ones, or
1:54:50you'll rarely get the picture-perfect
1:54:51ones. But anyways, on to what the doji
1:54:53simplifies, or symbolizes, is that
1:54:56there's indecision. So, if we've been
1:54:58trending super hard to the upside, like
1:55:00in this example, we're trending super
1:55:01hard to the upside, and then we have a
1:55:03doji candlestick, which shows us that
1:55:05there's indecision.
1:55:07That tells us that we're the market is
1:55:09indecisive here, so it's probably about
1:55:11to reverse. No matter what direction
1:55:13it's going in, if you get a doji
1:55:14candlestick, that's showing that it's
1:55:16probably about to reverse to go the
1:55:17opposite direction. So again, it works
1:55:19when there's a a strong trend,
1:55:21regardless if it's a bullish trend or a
1:55:23bearish trend. Um when it fails is
1:55:26inside a tight range, so if there's a
1:55:27lot of consolidation happening, or
1:55:29there's not a lot of volume, market
1:55:31isn't moving a lot, doji candlesticks
1:55:33aren't going to be very helpful at all.
1:55:36Um but just be aware of that. So here's
1:55:39your little cheat sheet that you can
1:55:40print off or tattoo on your forehead if
1:55:43you're into that kind of thing. Uh you
1:55:44have your hammer candlesticks, your
1:55:46bullish engulfing, your shooting stars,
1:55:47your bearish engulfing, and your doji
1:55:49candlestick. Now, the rule is that
1:55:52patterns at key levels matter. In the
1:55:54middle of nowhere,
1:55:55they are just candlesticks. So don't
1:55:58wholeheartedly just rely on these
1:55:59things. When you see one, don't
1:56:01automatically buy or automatically sell.
1:56:04They're extra confluences or extra
1:56:06things that can give you more confidence
1:56:08in where the market could be going. Now
1:56:09let's go into the actual charts. I
1:56:11haven't picked out like any examples.
1:56:13I'm just like on the charts
1:56:15because this happens so frequently. I
1:56:17just want to show you guys uh realistic
1:56:18examples here
1:56:20on actual candlestick charts. So
1:56:24let's look right here. Market was buying
1:56:26up very strong, and then what did we end
1:56:28up getting? We got a bearish engulfing.
1:56:30This candlestick right here is obviously
1:56:32bigger than that candlestick before it.
1:56:34It could essentially eat that
1:56:36candlestick before it. And then what
1:56:37ended up happening after we had our
1:56:39bearish engulfing?
1:56:41Price ended up selling to the downside.
1:56:44Very simple um example of a bearish
1:56:47engulfing. Now if we zoom out here, we
1:56:49can see a bullish engulfing right here.
1:56:51And you're going to see these patterns
1:56:53like
1:56:53show themselves very very very
1:56:55frequently.
1:56:56So you see we're trending to the
1:56:58downside here.
1:56:59Then, we had a a bullish engulfing,
1:57:01meaning this bullish candlestick is much
1:57:04bigger than that candlestick before it.
1:57:05And what ended up happening after we had
1:57:07a bearish engulfing, I mean, sorry, a
1:57:09bullish engulfing? Price started to go
1:57:11up. That is simply showing us that we
1:57:14had that bullish engulfing come in,
1:57:16markets had a lot of buyers in this
1:57:19area, and that pushed the market to the
1:57:21upside. Now, let's look here. We see we
1:57:24have a hammer candlestick right here.
1:57:26Remember, ham- hammer candlestick is
1:57:28when price
1:57:29um has a small body at the top, long
1:57:31wicks on the bottom. We're trending to
1:57:33the downside here. We had a hammer
1:57:35candlestick right here. Price started
1:57:37going up. Even though it's red, it's
1:57:39still showing us that we have a lot of
1:57:41buyers in control because sellers tried
1:57:44to come down here cuz the wicks are long
1:57:45to the downside. But, they couldn't hold
1:57:48below here. Buyers ended up buying price
1:57:50back up. And then what ended up
1:57:51happening? Price started going back to
1:57:53the upside after having this hammer
1:57:56candlestick. Now, let's see if we can
1:57:58find a shooting star. Here, here's a
1:58:00perfect example of a doji actually since
1:58:02we're here. Price is going to the upside
1:58:04right here.
1:58:06We have a doji candlestick right here.
1:58:08We have long wicks on the top and long
1:58:10wicks on the bottom with a skinny body.
1:58:12As I mentioned, it's not going to be
1:58:13picture perfect, meaning you're not
1:58:15going to always see um the same size
1:58:18wick on the top and the bottom. But,
1:58:19generally, you just want to see long
1:58:21wicks on the top and the bottom with a
1:58:23small skinny body. And that is what this
1:58:25is showing right here. Then what ended
1:58:27up happening after the doji candlestick?
1:58:29Price started selling to the downside.
1:58:33Now, you're going to see this on
1:58:34multiple different time frames. Like,
1:58:35right now I'm on the 15-minute time
1:58:37frame. I can go to like the hourly time
1:58:38frame if I wanted to. Well, again, we
1:58:40see price selling to the downside. We
1:58:42got a doji candlestick. Price started
1:58:44going up. I'm trying to find a shooting
1:58:47star candlestick here.
1:58:49If I can find one. Another doji up here.
1:58:51Price is buying to the upside. We got a
1:58:53doji, price started selling to the
1:58:54downside. Now, here is a shooting star
1:58:57candlestick right here. We have a long
1:58:59wick on the top and then a small body to
1:59:01the downside. Now, this isn't really a
1:59:03good example, even though price did end
1:59:05up selling to the downside. Reason being
1:59:07is cuz we were just chopping around this
1:59:08area. Like we weren't trending.
1:59:10Remember, these don't work very well
1:59:12when you're just chopping around or
1:59:13there's no clear winner. In this example
1:59:16right here, there's really no clear
1:59:17winner. Yes, we did get a shooting star
1:59:19and it ended up selling off right after
1:59:21that, but that's not going to happen all
1:59:23the time. You just need to be aware of
1:59:25that. Let me see if I can find a nice
1:59:27example of a shooting star
1:59:30candlestick here.
1:59:32Um right at a pivotal point.
1:59:36Market's been pretty bullish if I'm
1:59:37being honest, so shooting star is not
1:59:39really going to happen. So, we see
1:59:41here is an example where price bought up
1:59:43here. We have a gap here. That just
1:59:44means that price bought up really,
1:59:45really fast. And then we got the
1:59:47shooting star candlestick right here.
1:59:49Small body at the bottom, long wick at
1:59:50the top, and price sold back down. And
1:59:53honestly, if you open up your charts and
1:59:55you just scroll through it, you're going
1:59:56to see so many different examples of
1:59:58dojis, so many different examples of
2:00:00bullish engulfings, bearish engulfings,
2:00:03shooting stars, hammer candlesticks, and
2:00:05you'll start to see how it makes sense
2:00:09um and can help you predict what's going
2:00:11to happen next. Like price bought up
2:00:13here, bearish engulfing, price sold to
2:00:15the downside. And I want you guys to put
2:00:17in the time here to actually go and look
2:00:19for these different patterns and see how
2:00:21well they work because these things
2:00:22should automatically stick out to you.
2:00:24Like I can look at this chart and see so
2:00:26many different examples. Like sold down
2:00:28here, another bullish engulfing, bought
2:00:30up here, doji candlestick.
2:00:33Bearish engulfing. Like this these
2:00:34things just stick out to me cuz I've
2:00:35just spent so much time on the charts.
2:00:37That's how I want it to be for you guys,
2:00:39so put some time in and actually just
2:00:41run through the charts and look for the
2:00:43five different patterns that we just
2:00:44went over and you'll just see how
2:00:46beneficial it is to have that in your
2:00:47arsenal, to have that in your knowledge
2:00:49bank, to be able to spot them
2:00:51efficiently to help you figure out if
2:00:53you want to enter for a buy or you want
2:00:55to enter for a sell based on the
2:00:57candlestick pattern that you are seeing.
2:00:58All right, so we understand the
2:01:00different types of analysis. We went
2:01:01over fundamental analysis already. Now
2:01:03let's go into kind of how to do
2:01:05technical analysis. So there's really
2:01:07three market types and three kind of
2:01:09playbooks. So you have to be aware of
2:01:11which one you're in so you can make the
2:01:13best decisions possible. So that's what
2:01:15we're going to do right now. So the
2:01:17market does three things. If you
2:01:19identify the type first, then you get to
2:01:21pick your tool and understand what
2:01:23you're kind of looking for. So the
2:01:25market trends, the market consolidates,
2:01:27and the market breaks out. So trending
2:01:29simply means that there's clear
2:01:30direction, either up or down. Price is
2:01:33making higher highs and higher lows or
2:01:36it's making lower lows and lower highs
2:01:37if it's trending down.
2:01:39Uh consolidation simply means it's just
2:01:41ranging, like it's stuck in a range,
2:01:42like it's just bouncing up and down.
2:01:44It's not really going up, it's not
2:01:46really going down. It's kind of just
2:01:47staying within like a little group. Um
2:01:50then there's breaking out markets. So
2:01:52that's really
2:01:53um escaping the range of consolidation
2:01:57and a new direction is being formed
2:01:59before it starts getting inside a clear
2:02:01trending market. So most of the time how
2:02:04it goes is that the market will be
2:02:05trending, then it'll go consolidate, and
2:02:08then it'll break out of the the
2:02:09consolidation.
2:02:10It'll start breaking out, go back into
2:02:12trending, then consolidation, and so on
2:02:14and so on and so on.
2:02:16So let's look at trending markets and
2:02:18how to spot it, the best plays, and what
2:02:20not to do when we are in this type of uh
2:02:23market itself. So trending markets, as
2:02:25you see, we're just continuously making
2:02:27higher highs and higher lows. This is if
2:02:30it's trending up. This would be flipped
2:02:31if it was obviously trending to the
2:02:33downside. But how do you spot it? How do
2:02:35you know you're in a trending market? So
2:02:36the first tail is if you're seeing
2:02:39higher highs and higher lows being
2:02:40created. And we'll dive deeper into this
2:02:42when we hop on the charts and things
2:02:44like that. But higher highs and higher
2:02:46lows simply means that the candlesticks,
2:02:48they're just forming to the upside. Like
2:02:49they're all getting higher and higher
2:02:51and higher and higher. That's a clear
2:02:53sign of
2:02:54the fact that we're trending to the
2:02:55upside. Now, like I said, this would be
2:02:58flipped where price is trending to the
2:03:00downside, and that's how you would spot
2:03:02if we are trending down.
2:03:04Now, the best play when it comes to
2:03:07um trading trending markets is
2:03:11buying on pullbacks to support zones and
2:03:13then selling on rallies to resistance
2:03:14zones. This is something called uh break
2:03:17and retest. We'll get into this
2:03:19strategy. It's a strategy I use very
2:03:20very often. We'll get into it later on
2:03:22inside of this course, um but it's
2:03:24amazing to use support or resistance and
2:03:27really essentially break and retest of
2:03:29support or resistance in trending
2:03:31markets. Now, don't do this.
2:03:34Do not try and look for sales when we're
2:03:37in a trending market. We always want to
2:03:39trade in the direction of the trend. So,
2:03:41if we're trending up, never look for
2:03:42sales. If we're trending down, never
2:03:45look for buys. Never fight the trend.
2:03:48You have to follow the trend and trade
2:03:50the trend.
2:03:51Now, here's consolidating markets.
2:03:54So, how to spot it is that price keeps
2:03:55hitting the same highs and lows. Just a
2:03:57lot of sideways action. So, as you see
2:03:59here, it's just going up, down, up,
2:04:01down, up, down, up, down, up, down. This
2:04:03is consolidation market. We're not
2:04:05trending in any specific direction,
2:04:06whether buys or sells. Now, the best
2:04:09play is to buy when you're near support
2:04:11zones, and we'll get into what support
2:04:12zones and resistance zones are in this
2:04:14course as well. Support zones are down
2:04:16here, resistance zones are up here. So,
2:04:18you want to buy when it gets down to
2:04:19support areas, and you want to sell when
2:04:21it gets down to
2:04:23um when it gets up to resistance areas.
2:04:26Now, what you don't want to do is chase
2:04:27the middle. So, don't try and look for
2:04:29breakouts if nothing has broken yet. If
2:04:32price is still in this range, don't try
2:04:34and look for breakouts. Don't try and
2:04:35look for price to buy even higher when
2:04:38it hits a resistance zone or sell even
2:04:40lower when it hits a support zone.
2:04:43Like I said, you want to follow the
2:04:44trend. Follow what the market is already
2:04:46showing you that it wants to do.
2:04:48Now here's breakout markets. How do you
2:04:50spot it? Essentially big candlestick
2:04:52punches through a long held support or
2:04:55resistance level. So you see, imagine
2:04:57this is our resistance zone. We'll get
2:04:59into support or resistance in depth
2:05:01later on inside the course as I
2:05:02mentioned. But you see this red line,
2:05:04imagine this is a resistance meaning
2:05:06price failed to go above here.
2:05:08But then we had one big candlestick that
2:05:10broke outside of it. That is a breakout
2:05:12market. And then what do you see ends up
2:05:13happening when we broke out of that
2:05:16previous resistance zone? Price went
2:05:18into an uptrend. It started trending to
2:05:20the upside. So that's what you would
2:05:22look for and then obviously the opposite
2:05:24of this is if it broke below a support
2:05:27zone. So if price sold down here and
2:05:28broke below a support zone,
2:05:30you can see that it would then start
2:05:32trending to the downside. So the best
2:05:34play is to look for breakouts with
2:05:36entries above the resistance zone. So if
2:05:38we see price broke above uh the
2:05:41resistance zone, we would then be able
2:05:43to look for buys at that point. Or if
2:05:45price breaks below the support zone,
2:05:48we'd be able to look for sells below the
2:05:50support zone. Like I said, we'll get
2:05:51into this completely in depth inside the
2:05:53course. Now what not to do. Don't chase
2:05:56late. So don't ignore fake outs. Don't
2:05:58use any type of like if price has
2:06:01already broken out and it's all the way
2:06:02up here, you don't want to chase it,
2:06:03right? You don't want to see that market
2:06:05is trending to the upside and try and
2:06:07enter without any type of confirmation.
2:06:10Just because the market is breaking out,
2:06:12we want to look for extra confirmation
2:06:13and we're going to go over the
2:06:14candlestick types and patterns that can
2:06:16give you extra confirmation inside the
2:06:17course as well. Um but you don't just
2:06:20want to enter as soon as you see price
2:06:21getting close to break a resistance zone
2:06:23or getting close to break a support
2:06:25zone. You need to have extra
2:06:26confirmation of it. So the market cycle
2:06:29always. So as I mentioned, you have
2:06:31consolidation, then you have a break,
2:06:33and then it goes into a trend, and then
2:06:34it's going to go into consolidation, and
2:06:36then a break, then a trend, and it just
2:06:38keeps doing that life cycle literally
2:06:41every single year, every single month,
2:06:43every single week, day after day. So, if
2:06:45you want to have this uh printed out as
2:06:47your cheat sheet, right now you have
2:06:48trending markets, markets are just
2:06:50continuing going up, consolidating
2:06:52markets were just chopping up and down,
2:06:54no clear direction, and then breakout
2:06:56markets is when we're breaking out of
2:06:57the resistance or breaking out of the
2:07:00support zone. One of the biggest
2:07:03patterns that you're going to see and
2:07:05notice in technical analysis is
2:07:07something called support and resistance.
2:07:09It's the foundation of almost every
2:07:11single strategy. We're about to hop into
2:07:13strategies in a second here, but it's
2:07:14the foundation of almost every single
2:07:16strategy that you see in this video,
2:07:18that you would have seen on every other
2:07:19YouTube video. It is the It is like the
2:07:21backbone of technical analysis overall,
2:07:24and a lot of people overcomplicate it,
2:07:26but it's very very very very simple. All
2:07:29support or resistance is is simply
2:07:31places where price previously got to,
2:07:34and either the market thought it was too
2:07:35expensive or they thought it was too
2:07:37cheap, and the market went in the
2:07:39opposite direction. Meaning, let's
2:07:41imagine this red box right here is a
2:07:44support zone. Support is always below
2:07:47where price is at. A good analogy that I
2:07:49use to remember it uh the difference
2:07:51between resistance and support is
2:07:53support is a floor. Support, just think
2:07:55of something supporting price up. And
2:07:57then resistance, think of resistance as
2:08:00a roof. Think of you trying to break
2:08:02through a roof, but it keeps resisting.
2:08:04That's the same thing. So, let's imagine
2:08:06this yellow line is price. Price will
2:08:08tap into support zones, and it will
2:08:10start going up. Same thing vice versa
2:08:12with resistance zones. Price will tap
2:08:15into resistance zones and start going
2:08:17down. Now, why does this happen?
2:08:19Let's use the analogy of right now cuz
2:08:21I'm on Ethereum chart. It doesn't matter
2:08:23what chart you're on, support or
2:08:23resistance is essentially the foundation
2:08:26of it and can be used for it, and it's
2:08:27literally the strategy that I have used
2:08:29from the start of my trading that has
2:08:31made me the millions of dollars that
2:08:33I've been able to make with trading
2:08:34across all different industries. But,
2:08:36the reason being is, like I said with uh
2:08:39the analogy or the example that we're
2:08:41going to use for now is Ethereum.
2:08:43Imagine the price of Ethereum down here
2:08:45at this red box is $1,000, right? And
2:08:49imagine the price of Ethereum up here at
2:08:51this red box is $2,000.
2:08:54I told you guys before when we talked
2:08:56about trading sessions that we don't
2:08:58move the markets. The big banks do. The
2:09:00big private equity and hedge funds do,
2:09:02right? So, when they find something is
2:09:04too expensive or too cheap, they will
2:09:07buy it up. For example, this is
2:09:09Ethereum. The yellow line, the price is
2:09:11Ethereum. Every single time Ethereum
2:09:14gets to $1,000, it's super super cheap.
2:09:17So, everybody buys it, and when
2:09:19everybody buys it, it makes the price go
2:09:21up. You can think on a regular scale.
2:09:23Imagine right now iPhones are what, a
2:09:25thousand bucks? I don't know how much
2:09:26they are. Let's say they're a thousand
2:09:27bucks. If you went to Walmart tomorrow
2:09:30or Target tomorrow and an Apple iPhone
2:09:33was $200 instead of $1,000, you would
2:09:36buy it up because you know the the
2:09:38actual fair value for that is $1,000.
2:09:41And then same thing when it comes to,
2:09:43let's say in the same exact example, if
2:09:45a phone was $2,000 or it was selling for
2:09:47$2,000 and you had an iPhone and you
2:09:50only bought it for $1,000, when
2:09:52everybody else is buying for $2,000,
2:09:54you're probably selling at $2,000 and so
2:09:56would everybody else, and that would
2:09:58cause the price of it to go down.
2:10:00So, bringing it back to our Ethereum
2:10:02trade here, every single time price gets
2:10:04to like $1,000, and this is all example
2:10:07numbers, but every time Ethereum gets to
2:10:10$1,000, everybody thinks it's super
2:10:12cheap, so they buy it. When everybody
2:10:13buys it, it makes price go up. When
2:10:16Ethereum gets to $2,000, everybody
2:10:18thinks, "Dang, that's mad expensive. I'm
2:10:20just going to sell all my Ethereum."
2:10:22When everybody sells all their Ethereum,
2:10:24that causes price to go down. And he
2:10:26just keeps doing this, keeps doing this,
2:10:28right? Now, it'll be times when, okay,
2:10:31really like a thousand dollars is not
2:10:33that cheap anymore. So,
2:10:35everybody won't sell at a thousand
2:10:37dollars and it'll break through that.
2:10:39That is called a breakout and that's a
2:10:41breakout of a support zone or a breakout
2:10:43of a resistance zone. But right now,
2:10:45let's let's go back just for a second.
2:10:47So,
2:10:48the way we're able to use these support
2:10:50and resistance zones, we're able to see,
2:10:51okay, at a thousand dollars, right?
2:10:54Most of the time when it gets to this
2:10:56price, it starts going up. So, me as a
2:10:58trader, as soon as it gets to a thousand
2:11:00dollars, I can look for certain
2:11:02patterns, whether it's candlestick
2:11:03patterns or different market structure
2:11:05patterns, that tell me, okay, this it's
2:11:08it's at a thousand dollars and then I
2:11:10saw this candlestick pattern, I should
2:11:12probably enter a buy cuz it looks like
2:11:13it might reverse. For example, if it
2:11:15touches a thousand dollars, which is a
2:11:17support zone, and I see a doji
2:11:19candlestick, and I know it's been
2:11:20trending down to the thousand dollars
2:11:22and I see a doji candlestick, which
2:11:23means indecision and that price is about
2:11:25to reverse, I can enter for a buy. And
2:11:27then that buy would allow me to make
2:11:29money as it goes up. Same thing vice
2:11:31versa with sells. That's how we as
2:11:33traders trade support or resistance.
2:11:35We're able to identify the areas where
2:11:37price has previously reacted to or
2:11:39previously sold off of or bought off up
2:11:42off of and then we're able to position
2:11:44ourselves to wait for extra confirmation
2:11:47to enter into a trade. What I don't want
2:11:49you to do though, and I find a lot of
2:11:50new traders doing this, is they'll have
2:11:52their support their resistance zones
2:11:54drawn up and as soon as it taps into,
2:11:57let's say a support zone, they'll enter
2:11:59for a buy cuz they just assume it's
2:12:00going to go up. I mentioned to you guys
2:12:02before with candlestick patterns, the
2:12:04same thing with support or resistance.
2:12:05It's not a hundred percent. It doesn't
2:12:08mean just because it's bounced off of
2:12:09here the past twenty times, it doesn't
2:12:12mean that this time it's going to bounce
2:12:14off of there still. It could break
2:12:16through and have a breakout. That's
2:12:18another type of uh strategy that we'll
2:12:19talk about a little bit later on. But,
2:12:22um nonetheless, that's why we wait for
2:12:24extra confirmation, and that's why later
2:12:26on in this video I'm going to go over
2:12:27what confirmation I look for for my uh
2:12:29support and resistance strategy. But,
2:12:31that essentially is support and
2:12:33resistance. Now, I mentioned we do have
2:12:35breakouts, right? We'll have breakouts
2:12:37where price will break above, let's say
2:12:38a previous resistance zone. Let's say in
2:12:40this analogy, it buys up, breaks out of
2:12:43it. Now, you could either take a break
2:12:45out, but you also have to realize that
2:12:48support and resistance zones, when
2:12:50they're broken out of, they'll always or
2:12:52almost always get retested. Meaning, it
2:12:56broke out of this resistance zone, it'll
2:12:59price will come back down to retest that
2:13:01previous resistance zone in this
2:13:04analogy, and it'll treat that previous
2:13:06resistance zone as now a support zone,
2:13:08and it'll buy off of it.
2:13:10Same thing with the support zone.
2:13:12When it breaks out of it, it'll break
2:13:14out of it it'll break that support zone,
2:13:16and then it'll come back up to retest
2:13:18that previous support zone, and it'll
2:13:20treat that support zone as a resistance
2:13:22zone, and sell off of it. This is called
2:13:25a break and retest. This is another one
2:13:27of the strategies that has printed me
2:13:29money. This is one of my favorite
2:13:30strategies to trade, which is that break
2:13:33and retest off of a support and
2:13:35resistance zone. So, once you understand
2:13:37that concept of what support and
2:13:39resistance is, and then understanding
2:13:41and realizing that when it breaks out of
2:13:43it, there's also a play that you can
2:13:44take after it comes and retests it and
2:13:46it flips it, that's a very valuable
2:13:48skill to know. Now, obviously this is
2:13:50all drawings and this is all not fake,
2:13:53but this is just drawings, but we can
2:13:54see it here live on the charts. I don't
2:13:56have anything currently drawn up on the
2:13:57charts, but if we just zoom out and
2:13:59look, right? What I'm going to do, I'm
2:14:00just going to draw boxes around certain
2:14:03areas, and you we're just going to see
2:14:04how price reacted to it when it got to
2:14:06that same price point. Cuz remember,
2:14:08candlesticks is simply telling us where
2:14:09price has been and the story of it. So,
2:14:12we see here price got to this area,
2:14:14right?
2:14:16Let's zoom in and look at this. Price
2:14:17bought up here and then it sold down
2:14:19very heavily. What we're looking for
2:14:21with support or resistance zones is
2:14:23we're looking for price to
2:14:24buy up to an area and then sell off very
2:14:26hard or sell down into an area and buy
2:14:29off very hard. In this example, we see
2:14:31price bought up to an area, then it sold
2:14:33off very hard. What happens if we drag
2:14:35this across? This is that same area.
2:14:37We're just using this box tool to mark
2:14:39off the area. If we drag this across,
2:14:42what happens when it taps into that same
2:14:44area? Price is all the way down here.
2:14:46It bought up back into that same area
2:14:49and what did it do? It sold off. We can
2:14:52look on the bottom right here.
2:14:53Price was selling down heavy. As you
2:14:55see, price was selling down very heavy.
2:14:58It got here, then it started buying up
2:15:00very heavy.
2:15:01This is the lowest point it went. If we
2:15:03drag this across, what happens? Price
2:15:06respected this support zone here. It
2:15:08respected it here. It respected it here
2:15:10as well. And then you'll see here, what
2:15:12happened?
2:15:13Price broke through it,
2:15:15came back up into that previous support
2:15:18zone as the break and retest, and then
2:15:20what did it do? It sold off. This is
2:15:23what you're going to see You're going to
2:15:25see this pattern happen time and time
2:15:26again. We have this zone right here.
2:15:28Price bought up very quickly, sold off
2:15:30very quickly. If we drag this across,
2:15:33what happened when price tapped back
2:15:34into it? It sold off again. We can see
2:15:37up here.
2:15:39Price bought up into this area right
2:15:42here, it sold off heavily. What happened
2:15:45when price got back into the same
2:15:46general area? It sold off again. There's
2:15:49something you have to understand though,
2:15:50this is a perfect example. Price doesn't
2:15:52always stop exactly at where stopped at
2:15:55before. That's why when I'm drawing my
2:15:57support or resistance zones, and I'm
2:15:58going to show you in a second how we how
2:16:00I draw them, I use boxes. You'll see a
2:16:02lot of traders come on here and they'll
2:16:03use lines, like they'll draw their lines
2:16:05like this and use that, but a lot of
2:16:07times price will almost all every single
2:16:10time price never just stops exactly at
2:16:13the same point that it stopped at
2:16:14before. Sometimes it'll stop a little
2:16:16bit before it, sometimes it'll go a
2:16:17little bit above it, and then it'll
2:16:19react. For this analogy right here, or
2:16:22this example right here,
2:16:24if I had just used a line and drew off
2:16:27right here, right? Instead of having
2:16:28this box, we would have seen price
2:16:30bought up here,
2:16:31sold down, and then what happened? It
2:16:33never tapped that line again. So, we
2:16:35would have never even known that we
2:16:36could have entered a sell at this point.
2:16:39So, that's why I use boxes when I'm
2:16:40drawing off my zones. Now, how do I
2:16:43actually mark off my zones personally?
2:16:45So, um this is how I mark off my zones
2:16:47and how I kind of
2:16:49know what a zone is versus just using a
2:16:51line or just drawing a box any type of
2:16:54way like this or something. Um that's my
2:16:56consistency with it. So, how I like to
2:16:58do it is, okay, I see price sold down
2:17:01into an area, and then it started going
2:17:03up. What I'll do is the lowest wick in
2:17:06that drop to the downside, I'll start my
2:17:09box there,
2:17:11and then I'll drag it to the highest
2:17:13body before it started going up, the
2:17:15highest body of the candlestick. So, in
2:17:16this analogy, you see it sold all the
2:17:19way down here, so that's the highest
2:17:20wick, and then the lowest body is on
2:17:22this candlestick. So, I drag it until it
2:17:24gets to that candlestick. And then what
2:17:26I do is I just drag it across,
2:17:29and I just wait for price to react to it
2:17:31at that point. And as you see, it
2:17:33reacted to it here, here, here, and then
2:17:36what happened? Broke through it, came
2:17:37back to retest it, and sold through it.
2:17:40That is essentially how I draw my zones,
2:17:42and I can draw this multiple times here.
2:17:44You see price bought up into this area.
2:17:47We'll take my box out here. I'll draw it
2:17:49from the highest wick
2:17:51to the lowest body, since I'm drawing a
2:17:53resistance zone right now. And then all
2:17:55I'm doing is dragging it across,
2:17:57and I'm simply just waiting for price to
2:17:59tap back into that area. What happened?
2:18:01Price came, tapped back into that area,
2:18:04and sold off. This could have been a
2:18:06nice selling opportunity off this
2:18:09resistance area. Now, you're going to
2:18:11see multiple different examples of this.
2:18:13You're going to see it all over. You're
2:18:14going to see these breaking retests
2:18:15happen. You just need to get good at
2:18:17seeing and spotting these actual
2:18:20resistance and these support zones. And
2:18:22like I mentioned to you, the main thing
2:18:24we're looking for is big rejections away
2:18:26from areas. You don't want to get
2:18:28distracted with things like
2:18:31this, right? Where price got up here.
2:18:35It bought up into this area. It got here
2:18:37and then sold off a little bit. That's
2:18:38not a good support or resistance zone
2:18:40for me. I want to see big rejections.
2:18:43So, for example, this is a big
2:18:44rejection. Price got down here,
2:18:47then it rejected heavily off of here.
2:18:48So, then I would drag my zone across,
2:18:51and I'd wait to see if price tapped into
2:18:53here again. I'm not sure if it did. Oh,
2:18:55it didn't. See, perfect example. It just
2:18:57broke through it. I mean, it bought off
2:18:58of here just a little bit right here for
2:19:00a little bit. You could have made some
2:19:01money here or right here when it uh
2:19:03bought off of it again. But, the main
2:19:05setup I probably would have taken is
2:19:07when price sold and broke through my
2:19:10previous support zone.
2:19:12And then, what did it come do? Broke
2:19:13through it, came back up to retest it,
2:19:16and then sold off. I would have taken
2:19:18that break and retest. But, as I
2:19:20mentioned, you're going to see this
2:19:21example happen so many different times.
2:19:23You just need to get good at spotting
2:19:26these support and these resistance
2:19:27zones. So, what I would do as good
2:19:29practice is I would zoom out my charts.
2:19:31And keep in mind, I like to draw my
2:19:32support and resistance zones on higher
2:19:34time frames, like a 4-hour time frame or
2:19:36a 1-hour time frame. I don't really draw
2:19:39it on like 1-minute time frames or
2:19:405-minute time frames. Reason being, and
2:19:43this is something you have to
2:19:43understand,
2:19:45the lower the time frame, the more price
2:19:48lies. Because, and you remember my
2:19:50analogy where I showed you we have a
2:19:52daily candlestick, but that has 24
2:19:54hourly candlesticks in it. It has
2:19:57however many 1-minute candlesticks
2:19:59inside of it. That can show you a lot of
2:20:00noise, right? But a 4-hour time frame
2:20:03support or resistance zone is really
2:20:05going to show you the real zone. It's
2:20:07going to show you the strong zones.
2:20:09That's not saying that a 1-minute
2:20:11support or resistance zone would not
2:20:13work or it won't be respected. It's just
2:20:16I would always trust a
2:20:184-hour time frame support or resistance
2:20:20zone or support or resistance zone drawn
2:20:22on the 4-hour time frame. I would trust
2:20:23that over one that was drawn on the
2:20:251-minute time frame or the 5-minute time
2:20:27frame or the 15-minute time frame. I'll
2:20:29always lean towards the hourly or the
2:20:314-hour time frame when I'm drawing my
2:20:33support or resistance zones that I'm
2:20:34looking for trades off of. So, I'd
2:20:36recommend the same for you as new
2:20:38traders. So, like I was saying, a simple
2:20:40way of getting good at drawing support
2:20:42and resistance zones is just to zoom out
2:20:45on your chart here
2:20:46um on the 4-hour time frame and just
2:20:48look to see where price pivoted at,
2:20:50right? Take out your drawing tool if you
2:20:52want to. Just look where price pivoted
2:20:54at. Okay, price pivoted here. It pivoted
2:20:56here. It pivoted here. Pivoted here. We
2:20:58have all these different big pivot
2:21:00points, right?
2:21:02And then once you mark them all off very
2:21:04simply like [snorts] this,
2:21:05then you can zoom in a little bit,
2:21:07right? Zoom in a little bit and then get
2:21:10good at drawing your zones. So, you draw
2:21:12it from the highest wick
2:21:14to the lowest body, right? Just like
2:21:16this. You'll see this example. Price
2:21:17sold down, came back up, retested it,
2:21:19right? So, you would zoom in,
2:21:23get good at drawing your boxes,
2:21:25the highest wick to the highest body.
2:21:27Drag it across. As you see, that would
2:21:30have tapped into it. We could have sold
2:21:31on this trade to the downside. Could
2:21:33mark off this one as well. I think we
2:21:36marked off this one as well. But this is
2:21:37essentially how I
2:21:39suggest for people to get good at
2:21:41finding support or resistance zones.
2:21:43Now, you can get a lot more intricate
2:21:44and a lot more detailed um once you
2:21:46become a little bit more comfortable
2:21:48with finding these zones where you don't
2:21:49have to look for the complete obvious
2:21:51ones like the ones that I marked off,
2:21:53you can start paying attention to, okay,
2:21:56um we had this zone right here where
2:21:59price bought up to and sold off very
2:22:00heavily. I could have taken this trade,
2:22:02or I could have taken the trade right
2:22:04here where it got back into that same
2:22:06area, right? But as a new trader, I do
2:22:08suggest for you to get good at marking
2:22:11off the obvious support and resistance
2:22:13zones before you start trying to go and
2:22:14find every single support and resistance
2:22:17zone cuz what I don't want you to do, um
2:22:19and this is something that I fell victim
2:22:21to in the beginning, is I had 300
2:22:24billion support and resistance zones on
2:22:26my chart. I was marking off literally
2:22:28everything. And when I marked off
2:22:30everything, I did not know what action
2:22:32to take because I literally would have
2:22:34zones at every single part of my chart,
2:22:38and that was a complete mess. Um so you
2:22:40don't want to do that. You want to just
2:22:41focus on
2:22:43um the obvious support and resistance
2:22:44zones, and then focus on getting the
2:22:46support and resistance zones that you're
2:22:47looking for on that specific day. We'll
2:22:49get into what that looks like um in a
2:22:51little bit from now when we start going
2:22:53over my different strategies. But as I
2:22:56mentioned, support and resistance is
2:22:57literally the foundation of trading.
2:23:00It's the foundation of technical
2:23:01analysis. It's something that you really
2:23:02need to master regardless of what
2:23:05strategy you're going to trade. All
2:23:06right, now it's time to talk about our
2:23:08little sidekicks, right? There we have
2:23:10these sidekicks that we have in trading,
2:23:13and they're called indicators. I know
2:23:15I've mentioned it a few times when we
2:23:16went over how to use Trade Evate, how to
2:23:18use TradingView.
2:23:19Um but now we're going to dive into what
2:23:21they are, how they help us, and I'm also
2:23:23going to give you guys my top uh
2:23:25indicators that I personally like, and
2:23:26then also like the main ones that a lot
2:23:27of people use. So, um here in the
2:23:30indicators tab, you can actually see a
2:23:32bunch of different indicators uh on
2:23:34TradingView. It's going to look very
2:23:35similar on Trade Evate. It won't have as
2:23:37many indicators on Trade Evate, uh but
2:23:39on TradingView, there's a bunch. If we
2:23:41go to technicals, you can see like it
2:23:43just keeps going. Like there's so many
2:23:45different indicators that you can find.
2:23:47Um there's indicators that other people
2:23:49have created and things like that that
2:23:50you can put onto your chart, but
2:23:53nonetheless, um indicators essentially
2:23:55just compile data on the charts that we
2:23:58can actually see, but they formulate it
2:24:00into different ways. So, there's like
2:24:03hundreds, if not thousands and thousands
2:24:05of indicators, but a lot of them can be
2:24:09foolishness. Like you'll see a lot of
2:24:10new traders come on here and I want you
2:24:11guys to avoid that. A lot of new traders
2:24:13will come here and you'll look at their
2:24:14charts and they have 13 million
2:24:17indicators thinking that the indicators
2:24:19are some magic weapon that will help
2:24:21them become profitable and make money.
2:24:23That's not the case. Indicators will not
2:24:25save you. They're simply, like I said,
2:24:27sidekicks. Batman does not need Robin,
2:24:30but sometimes Robin helps. But Robin
2:24:33ain't stopping Bane by himself. That's
2:24:35all I can say. So, same thing when it
2:24:37comes to indicators, they're just there
2:24:39to help us um help us give us more
2:24:41confidence in a trade that we're trying
2:24:43to take or help us see other sides of
2:24:45what the market is doing.
2:24:47Right? So, um there's a few indicators
2:24:50that a lot of people use. A lot of
2:24:52people use one called the moving
2:24:54average, right? So, if you come on here,
2:24:56you'll press it on indicators and you'll
2:24:58see this blue line pop onto your charts,
2:25:00right? This blue line right here is that
2:25:02indicator that we just had added and
2:25:04you'll see in the top left corner
2:25:06that it populated over here, the EMA.
2:25:08You see nine close. You can press this
2:25:10button right here to hide it if you
2:25:11want. You can go to settings here. You
2:25:13can look at the source code if you want
2:25:15or you can press remove here and delete
2:25:16it off your chart. But any indicator
2:25:19that you add will be here in the top
2:25:21left corner. So, if I add, let's say,
2:25:24this or if I add any indicator really,
2:25:27it'll all pop up over here. But let's go
2:25:29back to the uh indicator that we were
2:25:32just talking about, the EMA. This is
2:25:34actually one of the indicators that
2:25:36we'll be using for the strategies that
2:25:37we're about to go over. But let's just
2:25:39press it. Here you can go over the
2:25:40settings. I'm going to show you guys the
2:25:42main settings that a lot of people use.
2:25:43So, if you go in settings, you'll see
2:25:45this pop up. Um under length,
2:25:47essentially what the EMA is, first of
2:25:49all, before we get into this,
2:25:51what the EMA is, this blue line is
2:25:52simply just telling you the average
2:25:54price of where price has been throughout
2:25:57whatever period we're on. So, this blue
2:25:59line right here, you'll see it is at um
2:26:03195329.
2:26:05That's the price of where this indicator
2:26:07is. That's simply saying that over the
2:26:09last nine candlesticks,
2:26:12this is where the average of where price
2:26:14has been.
2:26:15And you'll see it changes and things
2:26:17like that. And if we go to different
2:26:18time frames, because it's going based
2:26:20off of the last nine candlesticks, right
2:26:23here on the 4-hour time frame, it'll
2:26:24show this price. But if I go to the
2:26:261-hour time frame, it shows a different
2:26:27price. If I go to the 5-minute time
2:26:29frame, it'll show a different price. Cuz
2:26:31it's always going based off of the last
2:26:33nine candlesticks on whatever time frame
2:26:35you're on. It's always going based off
2:26:37of the average of the last nine
2:26:39candlesticks. But uh what you can do
2:26:41inside the settings is you can change
2:26:43that. So, if you don't want it based off
2:26:44the last nine candlesticks, then you can
2:26:47put it to like the last 50, which is
2:26:48what a lot of people will do, or they'll
2:26:50do the last 100 candlesticks. And
2:26:53simply, the main purpose of the EMA is
2:26:55to tell us and show us simply
2:26:57what direction the market is going.
2:26:59Because if overall our candlesticks are
2:27:02below the EMA, that's telling us clearly
2:27:05that we're in a downtrend. So, we should
2:27:07really be looking for sales. Now, same
2:27:09thing vice versa, if on average the
2:27:13uh the EMA, cuz remember that's telling
2:27:15us the average of where price has been,
2:27:17if our candlesticks are above the EMA,
2:27:20meaning it's above the average of where
2:27:21price has been, we're in a uptrend. So,
2:27:24we should be looking for buys. Now, like
2:27:26I said, a lot of people play around with
2:27:28the length as far as 100, 50, 30, but
2:27:31the main three ones that people use is
2:27:33those three. The 30 EMA, which is
2:27:35showing you the average of the last 30
2:27:37candlesticks, the 50 EMA,
2:27:40or the 100 EMA. So, that's just
2:27:42something to keep in mind. That's what
2:27:43the EMA does. Now, there's a whole bunch
2:27:45of other indicators here. We have a
2:27:47volume indicator. So, if we just go to
2:27:50volume right here, we type in volume,
2:27:51press volume, you'll see it'll pop up on
2:27:54your charts below here, a bunch of uh
2:27:57different graphs.
2:27:59Some are red, some are green. Simply,
2:28:01what that is telling you is um it's
2:28:03showing you how much volume, how many
2:28:04people are actually buying versus how
2:28:06many people are actually selling at that
2:28:08time. So, when we see big green bars,
2:28:12it's always aligned with the candlestick
2:28:13above it. So, any of these these graphs
2:28:16is always aligned with the candlestick
2:28:17above it. So, this big green one is
2:28:19aligned with this candlestick. But,
2:28:21you'll notice
2:28:22if we see big green bars, we're also
2:28:24going to see most of the time big green
2:28:26candlesticks. Same thing vice versa. If
2:28:28we see big red bars, we're also going to
2:28:30see big red
2:28:32candlesticks right here.
2:28:34So, this just helps us see the volume of
2:28:36what is actually happening as far as how
2:28:38many buyers or how many sellers are
2:28:40actually working at in that candlestick
2:28:43and who's actually winning in that cuz
2:28:45you have to remember every single
2:28:46candlestick is buyers and selling
2:28:48sellers going against each other or
2:28:50bulls and bears going against each
2:28:52other. That's why you hear us say like
2:28:54bullish market or bearish market. A
2:28:55bullish market just means that the bulls
2:28:57are are winning. Uh the bearish market
2:28:59simply just means the bears are winning.
2:29:01Um but, that's essentially what the
2:29:02volume indicator does. I don't really
2:29:04use the volume indicator much at all.
2:29:06The main indicator that I really use is
2:29:09kill zones. Um this indicator is
2:29:12absolutely amazing and it's so simple.
2:29:14All it does is show us the trading
2:29:16sessions and it's it's great for a
2:29:18strategy that we're about to go over in
2:29:19a second. I know I keep saying that.
2:29:20Trust me,
2:29:21we're about to go over in a second. But,
2:29:23trading sessions are arguably one of the
2:29:25most important things that you need to
2:29:27understand so you know when volume is
2:29:29actually happening. You know when you're
2:29:31going to see big moves or when you
2:29:33should be trading. And what Kill Zones
2:29:34does, you see it populated like this
2:29:36yellow line
2:29:38and this white line, this shows me
2:29:40clearly that this is when London session
2:29:42started. The yellow line for me, because
2:29:44based off my settings, it shows me
2:29:46exactly when London session started. The
2:29:48white line shows me exactly when New
2:29:50York session started. Now, by default,
2:29:52this looks a lot different. So, like if
2:29:54I reset my uh settings here
2:29:57on all of this,
2:29:59you'll see that um it looks completely
2:30:02different um when you first turn the
2:30:04indicator on. But, if you want it to
2:30:05look like mine, cuz it shows the red
2:30:07graph over here as well, which is Tokyo
2:30:09session, which we went over. But, I
2:30:10don't really trade Tokyo session, so I
2:30:12don't care to see it on my chart. You'll
2:30:14notice by the end of this video that I
2:30:15don't like having too many things on my
2:30:17chart. I like a clean chart and not
2:30:19being distracted by too much stuff. But,
2:30:20so if you want to
2:30:22kind of copy my settings here
2:30:24um when you put Kill Zones on your
2:30:26account, just copy my settings that you
2:30:28see here under style and under input,
2:30:31and that will allow it to populate and
2:30:33look the exact same as it looks right
2:30:35here on the chart. So, this is an
2:30:36indicator that I actually keep on my
2:30:38chart 24/7. So, it just allows me to
2:30:41easily see when London session started
2:30:43and when New York session started. Now,
2:30:46um like I said, there's a bunch of other
2:30:48indicators that a lot of people use. So,
2:30:49there's the VWAP indicator, which is
2:30:51very similar to the EMA. It's
2:30:54essentially just showing you when you
2:30:56should be looking for buys or sells. How
2:30:58most people use it is if price is below
2:31:00the VWAP,
2:31:02um I'll show you guys my settings for
2:31:04that as well. You see I'll go to
2:31:06settings under style and I'll turn off
2:31:08all of these and only keep the VWAP on.
2:31:11Um but, if price is below the VWAP, I'll
2:31:14be looking for sells. Or, if price is
2:31:16above the VWAP, I'll only be looking for
2:31:18buys. That's how most people trade it.
2:31:20Um so, that's just another indicator for
2:31:21you to keep in mind. But, I want you
2:31:23guys to truly understand in We've went
2:31:25over a couple indicators. I've showed
2:31:27you which ones I really use a lot um and
2:31:29which ones I don't. But you have to
2:31:31understand that indicators is not going
2:31:32to tell you the whole picture. And also,
2:31:35it's not something that you should just
2:31:36fully rely on. It has to be combined
2:31:39with the other things that we talk about
2:31:40inside of this video and the other
2:31:42things that we're going to talk about
2:31:44inside this video. Oh, another indicator
2:31:46that a lot of people love as well is
2:31:47this relative strength index.
2:31:50How people use this is you see it
2:31:52populates down here.
2:31:54At the top of this, when price goes
2:31:56outside of this, that most of the time
2:31:58means it's overbought, meaning that it's
2:32:00too expensive and it's probably going to
2:32:02reverse. And when price goes below it,
2:32:04that usually means it's too cheap and
2:32:05price is going to reverse. So, as I
2:32:07mentioned, it's completely aligned, as I
2:32:10mentioned, with the other type of
2:32:11indicator, the volume indicator. The
2:32:13candlesticks above it are completely
2:32:15aligned. So, if we zoom in here
2:32:17and we look at price was selling down
2:32:18right here,
2:32:20and then it got to this point right
2:32:22here, started getting it in this area
2:32:24right here, and it started consolidating
2:32:26or chopping around. If we look on the
2:32:27RSI at the same exact time, we were
2:32:30outside of it, meaning it was oversold,
2:32:32meaning it's probably going to reverse.
2:32:35And as we see, it got outside of here,
2:32:38that's when it started consolidating,
2:32:40and then it started reversing. We can
2:32:42see another example right here, right?
2:32:44Price was selling down.
2:32:46We see on the RSI, it came outside the
2:32:47RSI, and then it started buying up
2:32:50because it had to go back into the RSI
2:32:52where it wasn't oversold. Now, as I
2:32:55mentioned, it's not foolproof, but it is
2:32:57something that you can add as a
2:32:58confluence. You see price sold down
2:33:00here.
2:33:01It's outside the RSI, and then it
2:33:03started going up. So, this is another
2:33:04cool indicator. I use this a lot when
2:33:06I'm trading stocks. If a stock is super
2:33:09oversold, I'll look to buy it. Um but
2:33:11most of the time, I'm looking to buy it
2:33:13and hold it for like months and stuff
2:33:14like that. I'm not looking to day trade
2:33:16it. Um but this is another indicator
2:33:18that a lot of people use, day traders as
2:33:19well as um people who hold trades a
2:33:22little bit longer. But indicators, as I
2:33:24keep trying to mention, they're not
2:33:26foolproof. They're not something you
2:33:28should 100% rely on. They should just be
2:33:30something to add on top of what you're
2:33:32already doing or the strategy that
2:33:34you're already trading. And please,
2:33:36don't fall into the hype of having 300
2:33:39indicators on your charts thinking that
2:33:41it's going to help you. I promise you
2:33:43it's going to hurt you more than it will
2:33:45help you. It'll confuse you way more
2:33:47than it will provide clarity. So, just
2:33:49be aware of that. Now, keep in mind,
2:33:50these are the same indicators that I
2:33:52have all of my inner circle traders use
2:33:55every single morning when we're trading
2:33:56live in the morning. It's nothing fancy.
2:33:58There was nothing complicated about
2:33:59them. It's literally the exact same
2:34:01setup that we just went over that's
2:34:04helping us inside of my inner circle
2:34:06print every single week. If you want
2:34:08more information about the inner circle,
2:34:09click the link inside the description of
2:34:11this video. Okay, so now that we
2:34:13understand indicators, we understand how
2:34:14to use TradingView, volume, all that
2:34:16things, we're going to start hopping
2:34:18into my top three strategies for
2:34:20beginners or even advanced traders.
2:34:22These are the same strategies that I use
2:34:23every day to literally print money
2:34:25inside the market. But before we do
2:34:27that, we have to figure out well, you
2:34:29have to figure out what type of trader
2:34:30you are. Now, there's no better type of
2:34:32trader, there's no worse type of trader.
2:34:34It's all depending on your goals. It's
2:34:35all depending on your
2:34:37risk tolerance as far as how risky of a
2:34:40person you are overall or and and also
2:34:43more so the amount of time you have to
2:34:45give to the markets. So, there's three
2:34:47different types of traders. There's
2:34:48scalpers, there's intraday traders, and
2:34:51then there's swing traders. Let's hop
2:34:52into exactly what each and every one of
2:34:53them are so you can figure out for
2:34:55yourself what type of trader you are and
2:34:57uh just based off of your personality.
2:35:00So, scalpers is a trading style that
2:35:03specializes in profiting off of small
2:35:05price changes and making a fast profits.
2:35:08They are usually in trades for a few
2:35:10seconds all the way to about 10 minutes
2:35:13max. Now, scalping is
2:35:15really, really
2:35:17it's it's it's really, really
2:35:18fast-paced. So, what I mean by that is
2:35:20that you have to be able to catch these
2:35:22small, quick moves using whatever you
2:35:25want to trade. You can literally trade
2:35:27anything. If you want to trade NQ, you
2:35:28want to trade ES, you want to trade YM,
2:35:30it doesn't matter. You're just trying to
2:35:32find perfect entries and hopping out
2:35:34very, very fast. Like I said, a lot of
2:35:36times scalpers are in trades for a few
2:35:38seconds,
2:35:39maybe up to 10 minutes, but most of the
2:35:42time scalpers are in there. They're
2:35:43They're just in and out. I'm not going
2:35:45to lie. In the beginning, I used to
2:35:47scalp. Right now, I still do scalp
2:35:48sometimes. We're actually going to go
2:35:49through one of my favorite scalping
2:35:51strategies in a second from now.
2:35:54But, these are for people who are more
2:35:55so fast-paced and kind of just want to
2:35:57be in and out the market. This is
2:35:58perfect for someone who doesn't have
2:35:59much time to dedicate to being on the
2:36:02charts. But, then this is also for
2:36:04somebody that just wants to be able to
2:36:06be done with their trading day within
2:36:0930 minutes throughout the day, and they
2:36:11don't have to check back or worry about
2:36:12it for the rest of the day. That's what
2:36:14scalping is. Now, the next thing or the
2:36:17next type of trader is intraday trading.
2:36:18That's what I am considered. Intraday
2:36:20trading is another word basically for
2:36:22day trading. And usually, a intraday
2:36:24trader will hold their trades for
2:36:26anywhere between like 1 to 24 hours, not
2:36:29usually going over a day or two. Now,
2:36:31that's what us intraday traders plan on
2:36:33doing. Sometimes we can hop in a trade
2:36:35and we can actually get out of trades
2:36:37within 15 minutes, 20 minutes. Sometimes
2:36:39I've gotten out of trades, intraday
2:36:41trades, where I planned on holding it
2:36:43for an hour or two hours, but the trade
2:36:46ended up going in my direction within 20
2:36:48minutes. And that just all goes back to
2:36:50the volume that was in the market at
2:36:52that time, and I ended up making the
2:36:54money that I wanted to make within a
2:36:55shorter amount of time. But, we plan to
2:36:57be in trades roughly for about 30
2:36:59minutes to like
2:37:014 hours each and every day. It's
2:37:03technically considered an intraday
2:37:04trader if you um even if you hold it up
2:37:07to 24 hours. But, other than that, after
2:37:09you it gets to that, then you become a
2:37:12swing trader, which is the next thing
2:37:13that we're going to go over. Swing
2:37:14trader is simply a trader that likes to
2:37:16hold their trades for a long period of
2:37:17time. These traders tend to hold trades
2:37:19for days, weeks, or even months. Now,
2:37:22going back to intraday trading, it's
2:37:24really for people who kind of want a
2:37:26little bit more hands-off approach to
2:37:28trading, but they also want to check the
2:37:31charts every day. You'll learn as you
2:37:33start trading that trading is it can get
2:37:35very, very fun. And swing traders most
2:37:38of the time will enter a trade and not
2:37:40check on it for days or months. Me, as
2:37:43an intraday trader, I enter my trade, I
2:37:45walk away, I'll check on it every 20, 30
2:37:47minutes, and I'm just going about my
2:37:49day. But, I still like to be aware of
2:37:51what my trades are doing, and I don't
2:37:52want to go to sleep with my trades just
2:37:55based off of my, I guess, personality.
2:37:57I feel like I sleep better if all my
2:37:59trades are closed and I'm not holding or
2:38:01in profit
2:38:03a couple hundred or a couple thousand
2:38:04dollars, depending on the trade,
2:38:05obviously. But, intraday trading is
2:38:07great for people who, let's say, work a
2:38:09job, who uh go to school, people who
2:38:11can't really sit on their charts.
2:38:13They're just people who just want to be
2:38:14able to wait for their setup, enter the
2:38:15trade, and be able to walk away, check
2:38:17back every couple minutes or so.
2:38:19Um swing trading is really for people
2:38:21who just want like completely hands-off.
2:38:23They want to look at the charts, get in
2:38:25a trade,
2:38:26and that trade is going to hit in 5 days
2:38:29or a couple weeks or a couple months.
2:38:31Now, I will swing trade stocks or
2:38:34crypto, and basically, I'm just buying
2:38:36it and I'm planning on holding it for a
2:38:38long period of time. It's the same thing
2:38:39when it comes to swing traders. They can
2:38:41plan on holding it for a couple days,
2:38:42but if there's a lot of volume in the
2:38:43market, they can actually end up getting
2:38:46in and out their trade within a couple
2:38:47of hours. Uh but, it's just depending on
2:38:49the the volume of the market at that
2:38:52time when they're actually entering
2:38:53their trade. But, like I said, swing
2:38:55traders are planning to hold their trade
2:38:57for a couple days, a couple weeks, or
2:38:59sometimes even a couple of months. Now,
2:39:02like I said, swing trading is really,
2:39:03really good for more of a super passive
2:39:05approach when it comes to trading, so
2:39:08you just want to be aware of that if you
2:39:10are that type of person that doesn't
2:39:11want to sit here and be on the charts
2:39:12every day or checking their trades every
2:39:15single day. You kind of just want to set
2:39:16your trade, let it play out, um check on
2:39:19it every couple days or so, see if it's
2:39:21going in your direction, manage it that
2:39:22way. It's for people who don't want to
2:39:24have to stress too much while they're in
2:39:27trades. Because with scalping, it can be
2:39:29a little bit more stressful because you
2:39:31are looking for such small price
2:39:32movements that the price can move in an
2:39:34opposite direction from you very, very
2:39:36fast. So, you have to be able to react
2:39:38very fast. So, as a new trader, when I
2:39:41was uh scalping as a new trader, it was
2:39:43a little bit challenging to scalp
2:39:45because I'm still kind of new to
2:39:48trading, but then I'm also trying to do
2:39:49the fastest version of trading, which I
2:39:51feel like a lot of new traders gravitate
2:39:52towards. I personally suggest and
2:39:55recommend for new traders to start as
2:39:56intraday traders. Once you get more
2:39:58confident in your trading, then you can
2:40:00get into scalping and consider scalping.
2:40:02But, you have to be aware and and
2:40:04understand how to use the different
2:40:05platforms, how to be able to read the
2:40:08chart and see what the language of each
2:40:10candlestick is telling you each and
2:40:11every time at a very, fast pace. So, if
2:40:13you're still kind of in the learning
2:40:14phase, I'd suggest you stick to around
2:40:16the intraday part of trading versus
2:40:19trying to scalp. But, like I said, it's
2:40:20all depending on your personality. If
2:40:22you want more hands-off approach, swing
2:40:23trading is absolutely amazing. It's the
2:40:26most least stressful type of trading
2:40:29with scalping being the most stressful
2:40:31type and the intraday kind of being in
2:40:32the middle. But, like I said, it's
2:40:33completely up to you and your
2:40:34personality. All right, so you all
2:40:36understand the types of traders, you all
2:40:38understand indicators, you all
2:40:39understand support and resistance. This
2:40:41is where we get into the I guess the fun
2:40:43part of things, which is my strategies.
2:40:46We're going to dive into a bunch of my
2:40:48favorite strategies and we're going to
2:40:49go over exactly which strategies are
2:40:51good for which people because I do have
2:40:53so many different strategies and you
2:40:55guys have heard so many times throughout
2:40:56this video that you shouldn't go
2:40:58strategy to strategy to strategy, but I
2:41:00have built over the last 9 years so many
2:41:02different strategies and I've perfected
2:41:04so many different strategies. And the
2:41:05reason being is because everybody's
2:41:07different. Everybody has different
2:41:09personalities. Everybody has different
2:41:10goals. Everybody has different time
2:41:13amounts to be able to trade. So, I have
2:41:16created and put together multiple
2:41:18different strategies that fit multiple
2:41:20different people. So, the first one
2:41:22we're about to go over is actually my
2:41:24favorite one. It's my bread and butter.
2:41:25It is the one that I trade majority of
2:41:27the times when I'm trading live inside
2:41:29my inner circle. This is the one that we
2:41:30go over first every single time and
2:41:33these setups are the ones that I look
2:41:34for every single day, majority of the
2:41:37day, because it fits my schedule. It is
2:41:39called my ultimate support and
2:41:41resistance strategy. The reason I love
2:41:42it is because it's extremely passive. We
2:41:45talked about inside of the beginning of
2:41:47this video and throughout this video
2:41:49that I don't spend hours sitting at my
2:41:50charts. I don't spend hours just looking
2:41:52at the screens all day. I have a life
2:41:54and I enjoy living it. I have a family,
2:41:56I have a wife, I have two kids. I don't
2:41:59want to be sitting behind a a screen for
2:42:01the entirety of the day. And that's why
2:42:03I love this strategy, because I can set
2:42:05up my zones. I'm going to go over it and
2:42:06then go over examples and things like
2:42:08that. But, I can set up my zones. I can
2:42:10set my alerts. I can walk away, wait for
2:42:13my alerts to go off. I'll get notified
2:42:16when it's time to enter. I get a
2:42:17notification to my phone.
2:42:19I go look at my charts for another 3-4
2:42:21minutes. I enter the trade. I set my
2:42:24alerts again and I leave. That's it.
2:42:26It's super passive. It's great for
2:42:27somebody who doesn't have a lot of time
2:42:29throughout the day, someone who doesn't
2:42:30want to sit at their charts all the
2:42:32time, but it might not be for someone
2:42:34who wants to have 300 million trades in
2:42:36one day. Like, you're really going to
2:42:38get maybe one to two setups per day with
2:42:41this strategy. But, that being said,
2:42:44let's get into it. So, if you don't know
2:42:45what support or resistance is, it is
2:42:47like the foundation of trading. If you
2:42:49want to be a trader, you need to
2:42:50understand support or resistance. And
2:42:52good thing, it's not that complicated.
2:42:54And even better thing, I'm the best
2:42:56person to teach it because I don't
2:42:58overcomplicate the things that don't
2:43:00need to be overcomplicated. Think of
2:43:01resistance as a roof and think of
2:43:04support
2:43:05as a floor.
2:43:06Pretend this yellow line is price or the
2:43:09candlesticks or whatever you want to
2:43:10call them. Every time it gets to this
2:43:12resistance zone, which as I mentioned is
2:43:14a roof, it bounces off it. It fails to
2:43:17go above it. It's a roof, it can't break
2:43:18above it, right? Same thing vice versa
2:43:20with the support zone. Every time price
2:43:22gets to a support zone, it just fails to
2:43:24break below it. It just continues to
2:43:26respect the support zone and respect
2:43:29this resistance zone. And that's simply
2:43:31what support or resistance zones is. It
2:43:33is areas where price has previously
2:43:36rejected off of. So, I know that let's
2:43:39imagine that this is
2:43:42Bitcoin when it's $1,000, right?
2:43:45And then let's also imagine that this is
2:43:47when Bitcoin is $500.
2:43:49Using support or resistance, I can know
2:43:51that at $1,000, most of the time
2:43:53everybody sells their Bitcoin and it
2:43:54makes Bitcoin go down. Then I also know
2:43:56on the flip side, every time Bitcoin is
2:43:58at $500, everybody thinks it's super
2:44:00cheap, so they buy it and that causes
2:44:02price to go up. So, me as a trader, I
2:44:05can look to understand and wait and see
2:44:08for price to come down to the 500 area,
2:44:10wait for a specific entry criteria,
2:44:12which we'll go into a little bit later
2:44:14on inside of this video, that tells me I
2:44:16should enter the trade, and then enter
2:44:18it and catch the move as it's bouncing
2:44:20off of either the support zone or this
2:44:23resistance zone. Now, I mentioned that
2:44:25these roofs and floors are most of the
2:44:27time always respected, but there are
2:44:29times when price breaks above these
2:44:32resistance zones or below these support
2:44:35zones. And what that is is we call a
2:44:37breakout. Now, a cool thing about a
2:44:39breakout is most of the time when price
2:44:41breaks out of, let's say a resistance
2:44:43zone right here, it breaks above it,
2:44:45most of the time it'll come back down
2:44:48and test that previous roof or previous
2:44:51resistance zone and actually treat it as
2:44:54if it's a support zone and it'll bounce
2:44:56off of it. Same thing vice versa with
2:44:59support zones. If price breaks below a
2:45:01support zone, most of the time it'll
2:45:03come back up to that previous support
2:45:05zone and treat it as if it's a
2:45:07resistance zone or a roof and it'll sell
2:45:10off of it. So, no matter what happens,
2:45:12no matter if price continues to respect
2:45:14a support zone or a sorry, a support
2:45:17zone or resistance zone or if it breaks
2:45:19out of those, I know that with my
2:45:21strategy I'm able to capitalize on this.
2:45:24Now, this is the foundation of the
2:45:26strategy and it's really the reason why
2:45:28this strategy to me is pretty boring and
2:45:30it's my laziest strategy, but it prints
2:45:33me honestly the most amount of money out
2:45:34of every strategy that I trade, but it's
2:45:36just a lot of waiting because we know
2:45:38all during in this area, we're not doing
2:45:41anything. The only time we're taking
2:45:43action is when price touches our either
2:45:46resistance zone or touches our support
2:45:48zone and then once it touches that area,
2:45:51we're waiting for a specific pattern to
2:45:52form and then we're entering into the
2:45:55trade. Now, in this video, I'm going to
2:45:57show you guys not just how I draw my
2:45:59support or my resistance zones because a
2:46:01lot of times people draw it completely
2:46:03wrong and it ends up giving them false
2:46:05signals and that's why they keep hopping
2:46:06into trades and keep losing,
2:46:08but I'm going to show you how to draw
2:46:10them correctly, how to know and be
2:46:12patient enough to wait for entries using
2:46:15the exact way that I wait for entries
2:46:17that's allowed me to be able to
2:46:19consistently make profits with trading
2:46:21and then also when to exit the trade
2:46:23because the same way you don't just want
2:46:25to enter a trade, let's say for a buy as
2:46:27soon as it touches your support zone,
2:46:29you also need to have an exit plan to
2:46:31know when you're getting out of a trade
2:46:32because that's the only way that you're
2:46:34going to actually end up making money is
2:46:35when you actually exit the trade. I'm
2:46:38also going to give you guys a couple
2:46:39tips and tricks that allow me to trade
2:46:40this strategy even if I only have 15,
2:46:4320, 30 minutes a day. So, I explained
2:46:46what support and resistance is with
2:46:48obviously these drawings. Now, let's go
2:46:50into the chart and see exactly what this
2:46:51looks like and how I spot valid support
2:46:54or resistance zones and ignore the ones
2:46:56that are fake, the ones that won't
2:46:58actually help me profit. All right, so
2:47:00here we are on the chart. We're going to
2:47:01go over this example really quickly.
2:47:03This is one of the trades that I
2:47:04actually took live inside of my inner
2:47:06circle and sent it out to my inner
2:47:07circle. We're going to go over this in a
2:47:08second, but I want to go over how I
2:47:10actually draw my support and my
2:47:12resistance zones. So, it's very simple.
2:47:14We come here on the 4-hour time frame
2:47:16and we're looking for areas where price
2:47:18has strongly moved away from at least
2:47:21one time or we want to see where price
2:47:23has moved away from multiple times um in
2:47:27the same period. So, for example, if we
2:47:29can just zoom out here and look at a
2:47:31couple areas, right? And I use a box
2:47:33tool um to draw my areas of my support
2:47:36or resistance. You'll see, I draw it
2:47:38like this, right? You'll see some
2:47:39traders draw it with lines. The problem
2:47:41for me is that price never stops
2:47:43directly at a support or a resistance
2:47:45zone. So, let's say for this instance
2:47:47where we see price sold off heavily
2:47:49right here. Some people would draw a
2:47:51line right here where price sold off and
2:47:53then look for price to tap that line to
2:47:55then look for an entry, but I've noticed
2:47:57and I realized that price never stops
2:47:59exactly at the same area that it stopped
2:48:02at before. So, I like to draw a general
2:48:04area. So, when I see a zone like this
2:48:06where price gets to an area and it sells
2:48:09down very heavily, I take out my
2:48:11rectangle drawing tool and I draw it
2:48:13from the top of the wick, the highest
2:48:15wick that I see. This is if I'm drawing
2:48:17a resistance zone. I'll show you guys an
2:48:18example of a support zone in a second.
2:48:20But, I draw it from the highest wick all
2:48:22the way to the highest body. So, in this
2:48:24instance,
2:48:26we're drawing it from the highest wick
2:48:27which is up here to the highest body
2:48:29which is on this candlestick. And I'm
2:48:30just dragging it across. And honestly,
2:48:32this entire time when this happens, all
2:48:34I'm waiting for is price to tap back
2:48:36into this resistance area and then I'm
2:48:39waiting for my entry criteria. We'll get
2:48:40into what my entry criteria looks like
2:48:43um in a second here. But as you see, as
2:48:45soon as price tapped back into this same
2:48:47area, this same 4-hour resistance area,
2:48:50it sold off very heavily. This could
2:48:53have been a trade that we could have
2:48:54entered and made a decent amount of
2:48:56money. I don't remember taking this
2:48:57trade. I'm pretty sure I would remember
2:48:58it cuz this is a pretty strong drop to
2:49:00the downside. But that's just how I draw
2:49:02my zones. Another example would be right
2:49:04here where we see price sold down very
2:49:06heavily, got to this area, and then
2:49:08bought up very strongly. So what I would
2:49:11do is the same thing. I draw my box from
2:49:13the lowest wick, since we're drawing a
2:49:15support zone, to the lowest body, which
2:49:17is right here. Then I would drag it
2:49:19across and wait for price to get back in
2:49:21that area. And as you see, when price
2:49:23got back in this area, it ended up
2:49:25buying off of it and we could have made
2:49:26money when price was buying off of this
2:49:29support zone right here as well. Now as
2:49:32I mentioned, price isn't always going to
2:49:33respect your support or resistance zone
2:49:35to the T. It's never going to go exactly
2:49:37where it went before. Sometimes it'll go
2:49:39a little bit outside of it and sometimes
2:49:41it'll only go into it just a little bit
2:49:43and then reverse off of it. That's why
2:49:45it's important and that's why I
2:49:47personally like using these rectangle
2:49:49tools instead of just drawing lines on
2:49:50my chart as support or resistance zones.
2:49:53Now we can see this example multiple
2:49:55times. This is where price had one
2:49:57strong move away. This is where price
2:49:59had another strong move away. But I
2:50:01mentioned support or resistance zones
2:50:03are also valid when they have multiple
2:50:06rejections at the same area.
2:50:08For instance, right here where we see
2:50:10when price got in this general area, we
2:50:13can see it happening multiple times. The
2:50:14first time being right here, it sold
2:50:16off. It got here again, sold off. It got
2:50:19here again, sold off. It got here again,
2:50:21sold off. It got here again, sold off.
2:50:24So on and so on and so on. So to me,
2:50:26this is also a valid resistance zone.
2:50:29Even though there's no just one huge
2:50:31sell off, you see multiple times where
2:50:33price tried to get in this area and it
2:50:35sold off. Now this is also a perfect
2:50:38example of what we talked about before
2:50:40where I told you guys when price breaks
2:50:42outside of a previous support zone or
2:50:44resistance zone, it actually ends up
2:50:46treating that previous support or
2:50:47resistance zone as the inverse or the
2:50:49flip of it. Cuz if we drag this same
2:50:52zone that we just drew, if we drag it
2:50:53across here, you'll see what happened.
2:50:56This was previously a support zone.
2:50:59So, I would have drawn my support zone
2:51:01literally just like this.
2:51:03We can delete this now. I would have
2:51:05drawn my support zone just like this cuz
2:51:06we see multiple times price has bounced
2:51:08off of it, came back down into it,
2:51:10bounced off of it, came back down into
2:51:12it, and as we see we broke below it, and
2:51:14what did price do? It came back up to
2:51:17retest that previous support zone, and
2:51:19what did it do? It treated it as a
2:51:21resistance zone and sold off. Again, it
2:51:24got into that same area that was
2:51:26previously a support zone, and then it
2:51:28sold off, treating it like a resistance
2:51:30zone. Drag it across again, as you see
2:51:32it got in the general area and sold off.
2:51:35Now, you can see many of these examples
2:51:37and realize that here, like you see,
2:51:39another example, price got in this
2:51:41general area, bounced off of it, came
2:51:43into it again, bounced off of it, again
2:51:45bounced off of it, bounced off of it,
2:51:47and you can see just how powerful this
2:51:49strategy can be as long as you're being
2:51:50patient enough and allowing yourself to
2:51:53be bored enough to not trade in any of
2:51:55this noise, knowing that you're simply
2:51:58waiting for price to tap into your
2:52:00support zones or tap into your
2:52:02resistance zones, and that's when you're
2:52:04taking action. Now, you understand
2:52:07exactly how I draw my zones, you
2:52:09understand what support or resistance
2:52:10zones are, but what does it mean to take
2:52:12action? When am I actually going to make
2:52:14money from this? Because as I mentioned,
2:52:16we don't just enter trades as soon as
2:52:18price taps into our support zone or taps
2:52:21into our resistance zone. That's not a
2:52:23profitable way of trading. If you do
2:52:24that, you're going to end up losing
2:52:26money.
2:52:27You need to wait for confirmation that
2:52:29price is still respecting your support
2:52:32or your resistance zone. Because if we
2:52:35had just, let's say for example, entered
2:52:37a buy right here because price tapped
2:52:39into our support zone, we would be
2:52:41losing this trade because we didn't wait
2:52:44for our entry criteria that confirmed
2:52:46that price was actually still respecting
2:52:48the support zone. It was going to bounce
2:52:50off of it. So, with that being said,
2:52:52let's hop into exactly when do I enter
2:52:54these trades? How do I actually make
2:52:56money, not just draw these support or
2:52:58resistance zones on my charts just for
2:53:01fun. All right, so let's get into what I
2:53:03actually look for in order for me to
2:53:05take action, in order for me to actually
2:53:07enter a trade. And we'll use this
2:53:08example here, which is one of the setups
2:53:10that we talked about inside of my inner
2:53:12circle. So, I mentioned that I draw all
2:53:14of my zones on the 4-hour time frame,
2:53:16and there's a reason for that. The main
2:53:18reason is because the higher the time
2:53:19frame, the less price lies. If you draw
2:53:22a support or resistance zone on the the
2:53:235-minute time frame, sure, you can find
2:53:25a bunch of support or resistance zones,
2:53:27but will they be respected as much as a
2:53:294-hour support or resistance zone? Heck
2:53:31no.
2:53:32>> [laughter]
2:53:32>> The higher the time frame, if you draw
2:53:34daily time frame support or resistance
2:53:36zones or weekly time frame support or
2:53:38resistance zones, they're going to be
2:53:39respected a lot more than lower time
2:53:42frame zones, and that's why I really
2:53:43like to draw my zones on either the
2:53:454-hour time frame or the 1-hour time
2:53:47frame. But most of the time, I gravitate
2:53:48towards the 4-hour time frame. But for
2:53:51my entries, I'm not entering on the
2:53:534-hour time frame because if I wait for
2:53:55the 4-hour time frame, it's going to be
2:53:56too late, and honestly, most of the
2:53:58time, the move will already have
2:54:00happened. So, when I'm looking for
2:54:02entries, meaning as soon as price taps
2:54:05into my 4-hour zone, and I know I'm
2:54:08looking for a buy if it's in a support
2:54:11zone or if I'm looking for a sell if
2:54:12it's tapping into a resistance zone, I'm
2:54:15going down to the 1-minute time frame to
2:54:17see if price gives me a reason to enter
2:54:20the trade and shows me that it's still
2:54:22respecting this zone. Now, what does
2:54:24that look like? So, So, go down to the
2:54:251-minute time frame. Let's go to when
2:54:27price first tapped into this purple box.
2:54:30Let's delete this drawing. This is the
2:54:31purple box that we drew on the 4-hour
2:54:33timeframe. Here, we're on the 1-hour
2:54:35timeframe. I want you guys to understand
2:54:37something. You all know that price never
2:54:39just goes straight down, and price never
2:54:41just goes straight up. Price goes down,
2:54:43up a little bit, down, up a little bit,
2:54:45down, up a little bit. It makes all
2:54:47these highs and lows, and then lower
2:54:50highs, lower lows, lower highs, lower
2:54:53lows. It continues to make that, and
2:54:55this symbolizes a downtrend, right? So,
2:54:58when we see price making a downtrend
2:55:00into our support zone, all we're looking
2:55:03for is price to tap into our support
2:55:06zone, and instead of making higher lower
2:55:09highs and lower lows, we want to see
2:55:11price start making higher highs and
2:55:14higher lows. Now, what does that look
2:55:16like? Let's actually map this out for
2:55:18you guys. So, you see price is up here,
2:55:20price sells down. Price gets up here,
2:55:23price sells down. Price goes up here,
2:55:25sells down, up, sells down again,
2:55:27goes up here, sells down, goes up here,
2:55:30sells down. Now, during this period,
2:55:32we're making all these lower lows and
2:55:33lower highs, but we're not taking any
2:55:35action. Remember, we're being extremely
2:55:37patient because we haven't actually
2:55:38tapped our 4-hour zone yet. The only
2:55:40time we're looking to take action is
2:55:42when price taps into our 4-hour zone,
2:55:45whether it's a support zone or a
2:55:46resistance zone. And all we're looking
2:55:48for is for price to show us that it's
2:55:51changing the direction that it's going
2:55:52in
2:55:53after it taps into our zone. So, like I
2:55:56said, we keep making these highs, these
2:55:58lower highs and these lower lows. Price
2:56:00taps our zone right here, makes a new
2:56:03high right here, sells down, and then we
2:56:06see price break above that most recent
2:56:09high, signifying that it's potentially
2:56:12going in an uptrend now, and that would
2:56:14be a good opportunity to enter. So, if
2:56:17we map this out very, very plainly, just
2:56:19on a a high-level map out, we can see
2:56:21price sold down right here,
2:56:24bought up, sold down, bought up right
2:56:26here, sold down, bought up, sold down,
2:56:29bought up right here,
2:56:31and then sold down, right? So, we have a
2:56:32high being made here, a high being made
2:56:34here, a high being made here, a high
2:56:37being made here, a high being made here.
2:56:39We tapped into our 4-hour zone literally
2:56:44right here, and all I'm looking for is
2:56:47price to break a most recent high, and
2:56:50then I'm entering into the trade. So,
2:56:52this is the most recent high. We tapped
2:56:54into our 4-hour zone. I'm entering as
2:56:56soon as price breaks that most recent
2:56:58high right here. And once I enter, I'm
2:57:01putting my stop loss below structure,
2:57:03which simply means I'm putting it below
2:57:04the most recent low, and we'll go over a
2:57:06sell setup as well so you guys can see
2:57:08that. But, this is what I'm looking for,
2:57:11price to break above most recent high
2:57:13after it taps into my zone. I'm entering
2:57:15as soon as it does that. I'm putting my
2:57:17stop loss below the most recent low that
2:57:20price made before I had an entry.
2:57:22And then most of the time I'm targeting
2:57:24any of these high points. So, I could
2:57:26target this high, I could target this
2:57:28high as well, I could target this high
2:57:30up here. Let's just say we targeted this
2:57:33high right up here. I believe that is
2:57:35where uh we targeted or somewhere a
2:57:37little bit lower, like right here.
2:57:39And if you drag it across, as you can
2:57:41see, this trade ended up hitting
2:57:43absolutely beautifully. This ended up
2:57:45hitting for a two to six risk to reward
2:57:48ratio. Now, the reason this strategy is
2:57:50so boring is because this entire time
2:57:53here, I'm doing nothing. I'm seeing
2:57:55price make all these moves. I'm seeing
2:57:57all these people on Instagram and
2:57:58Twitter making 50 million thousand
2:58:00dollars, and I'm just sitting on my
2:58:01hands because I know that I'm being
2:58:03patient enough to wait for my strategy.
2:58:06The only time I'm not sitting on my
2:58:07hands is once it taps into these support
2:58:10or resistance zones. Now, I know what
2:58:12you might be thinking because I did
2:58:13mention earlier that I I trade this
2:58:15strategy with 15, 20, 30 minutes of time
2:58:18in the day and I don't have to sit at my
2:58:19charts every single day.
2:58:21All day, every day I should say. And
2:58:23then you see all these candlesticks
2:58:24right here over the course of this
2:58:25entire period, it's like an hour and 40
2:58:27minutes. So because I know that no
2:58:29matter what happens in this area, no
2:58:31matter what the candlesticks are doing
2:58:32all in this area, I know I'm not taking
2:58:34any action until price taps my 4-hour
2:58:37zone or my purple zone, whatever color
2:58:39your zone is. I can use these things on
2:58:41TradingView called alerts. You can
2:58:43right-click on your uh chart and press
2:58:45add alert. You will right-click right
2:58:47above or I like to right-click right
2:58:49above my support or my resistance zone.
2:58:52That way I can actually get alerted.
2:58:54It'll send an alert to either my phone,
2:58:56an email, and it'll tell me, "Okay,
2:58:57price tapped into your 4-hour zone." And
2:59:00I know when I get that alert that now I
2:59:02can go and look at my charts and look
2:59:04for this entry. Because as I mentioned,
2:59:06I know I'm not doing anything until it
2:59:08taps into my zone. So what I'll do in
2:59:10some of my mornings is I'll go to my
2:59:114-hour time frame, I'll draw out my
2:59:13zones. That takes maybe 5 minutes for me
2:59:15to do. And then I'm setting my alerts.
2:59:18I'm walking away, doing everything else
2:59:19that I have to do.
2:59:21And then, once my alert goes off, I look
2:59:23at my computer, I look at my phone, I
2:59:26see if it gives me an entry. If it gives
2:59:27me an entry, I enter into the trade, I
2:59:30place my stop loss and my take profit,
2:59:31and I walk away. Because I don't have to
2:59:33sit here and watch this trade go. I know
2:59:35it's either going to win, it's either
2:59:36going to lose. I know me gluing my eyes
2:59:39to the screen right now is not going to
2:59:41help the trade win even more or help the
2:59:43trade lose even less. Um so that is one
2:59:46of the tips and tricks that allows me to
2:59:47trade this strategy in less than 30
2:59:49minutes a day, honestly. So definitely,
2:59:52if you're somebody who's like works a
2:59:54job or is in school, or if you're a
2:59:55parent and you have kids and things like
2:59:57that, you don't have a bunch of time to
2:59:58sit at the charts, this strategy is
3:00:00absolutely amazing because you can use
3:00:03these alerts knowing when you're
3:00:05actually going to enter into these
3:00:06trades and when you're not.
3:00:07[clears throat] Now, we went over this
3:00:09example.
3:00:10As I mentioned, very, very simple entry
3:00:12model we're looking for. Let's say we're
3:00:14looking at a support zone. We know price
3:00:16is making these lower lows and lower
3:00:18highs into our zone. We're simply
3:00:19waiting for price to break above a most
3:00:22recent
3:00:23uh high after it tapped into our support
3:00:25zone. As soon as it breaks above it,
3:00:28we're entering into the trade. Stops is
3:00:30below the most recent low, and we're
3:00:32targeting one of the most recent highs
3:00:34that we had. As I mentioned, same thing
3:00:37vice versa if we're looking at a
3:00:38resistance zone. We know price will make
3:00:42uh higher lows and higher highs going
3:00:44into our resistance area. We're simply
3:00:46waiting for price to break below a most
3:00:49recent low zone, which is right here.
3:00:52As soon as it breaks this area
3:00:56right here,
3:00:58we are entering into the trade.
3:01:01We're putting our stop loss above the
3:01:03most recent area that it went before we
3:01:06enter into our trade, and then we're
3:01:08targeting a most recent low area. Simple
3:01:11as that. Now, let's go into an example
3:01:13of a break and retest because honestly,
3:01:15you trade the same exact way. The same
3:01:17way we just went over this trade, the
3:01:19same way we drew out this break and
3:01:22retest example that we just went over,
3:01:24it's the same thing except we're waiting
3:01:26for price to break below it, retest it,
3:01:29and then we're going down to our
3:01:301-minute time frame and looking for that
3:01:31same entry criteria that we just went
3:01:33over on this example right here. All
3:01:37right. So, here we are. Keep in mind
3:01:40this is on YM, which is a futures pair.
3:01:42This strategy, I've used it when I
3:01:44traded Forex, trading any pair on Forex,
3:01:47I've used it trading futures, NQ, ES,
3:01:50YM.
3:01:52Uh I don't really trade it trading gold,
3:01:53if I'm being honest. Me and gold have
3:01:55bad blood. I do not trade gold anymore.
3:01:58But, I've traded using basically every
3:02:00single pair that you can think of. I
3:02:01trade it with crypto, I trade it with
3:02:03stocks.
3:02:04But, in this example, we're going to go
3:02:06over a futures pair called YM and we're
3:02:08going to show you a break and retest.
3:02:10All right, so we're going to draw this
3:02:12the same exact way that we talked about
3:02:13from the bottom of the body to the wick
3:02:16of the lowest body right here. We're
3:02:18just going to drag it across and all
3:02:20we're doing now is waiting for price to
3:02:21tap into our zone. So let's fast
3:02:24forward.
3:02:25Wait to see if we can get price to
3:02:27actually tap into our
3:02:30zone here.
3:02:32Boom.
3:02:33We now see price tap into our zone right
3:02:36here. And if we look, we're creating
3:02:37these higher highs and higher lows that
3:02:39we talked about. So price bought up
3:02:41here, sold down right here,
3:02:44bought up here again, sold down right
3:02:46here, bought up right here, sold down
3:02:48again right here. So we created all
3:02:50these lows. We have a low created right
3:02:53here. We have a low created right here,
3:02:55a low created here, and a low created
3:02:57here. But right now, as I mentioned,
3:02:59we're looking for the break of the most
3:03:00recent low. The most recent low is right
3:03:03here.
3:03:04Um because as I mentioned, we're looking
3:03:05for an entry now.
3:03:07Um cuz it already tapped into our 4-hour
3:03:09zone. So as soon as price breaks below
3:03:11this, let's see if we get a break below
3:03:13here.
3:03:15All right, here we go. We got a break
3:03:17below it, so we would have entered as
3:03:18soon as it broke below it. We put our
3:03:20stop loss above the most recent high, as
3:03:22we mentioned. This is the most recent
3:03:24high. And then we're targeting any of
3:03:26the lows. As I mentioned, we have a low
3:03:27here we could target here. We have a low
3:03:29here we can target. Or we can just
3:03:31target this low right down here. We'll
3:03:33just target this low for the sake of
3:03:35this video. Let's fast forward to see
3:03:37how this plays out.
3:03:39Boom. Perfect. Price literally just
3:03:41rejected exactly off of here as I
3:03:43mentioned. And the reason
3:03:46it did it is because we followed the
3:03:47same exact plan that we talked about. We
3:03:49had the break and retest, meaning we had
3:03:51a previous support zone that price broke
3:03:53below. We simply waited for price to
3:03:55come back up to retest this area and
3:03:58treat this previous support zone as now
3:04:01a resistance zone.
3:04:02as soon as it tapped our previous
3:04:04support zone
3:04:06which is now a resistance zone. As you
3:04:07see, it tapped it here.
3:04:09That's when we had our eyes open ready
3:04:11for our entry criteria, which is a break
3:04:14of the most recent low.
3:04:15This was the most recent low.
3:04:17We entered as soon as price broke below
3:04:20the most recent low, which is right
3:04:22here.
3:04:23And then we put our stop loss above the
3:04:25most recent high and we targeted either
3:04:28one of the lows depending on how long
3:04:30you want to hold your trade. This trade
3:04:31actually ended up hitting within a
3:04:32matter of 15 minutes. So, you could have
3:04:35had a 15-minute work day and been
3:04:37completely done.
3:04:39All right. So, we see price has already
3:04:41bounced off this zone that we drew up
3:04:43over here where it was marked off from
3:04:46price action from yesterday.
3:04:48Uh we already tapped into it again
3:04:50earlier. What I'm looking for right now
3:04:52is for price to tap back into that zone
3:04:54a little bit closer to market open.
3:04:55Market open is in about 3 minutes from
3:04:57now. So, I'd love it to tap into this
3:04:59zone again and then break a recent low,
3:05:02right? Right now, the most recent low is
3:05:05right here.
3:05:06So, at market open, if it breaks this
3:05:09low without tapping into the
3:05:11my resistance zone again, I will still
3:05:12take the trade cuz we have already
3:05:14tapped into my resistance zone, but I
3:05:16would just prefer it to tap into it
3:05:18again a little bit closer to when our
3:05:20entry is. We'll watch to see if we can
3:05:22get this entry.
3:05:24And then hopefully ride this trade down
3:05:27to 49440.
3:05:30Let's see.
3:05:32This would be my TP I would look for
3:05:35if we're ever going to get an entry here
3:05:36at market open. If not, I think we might
3:05:38have a setup later on on NQ.
3:05:41But, uh we shall see.
3:05:44Hopefully we can get Look, we
3:05:45we might get a sell here before market
3:05:48open, which I hope doesn't happen.
3:05:50I want this to happen after market stock
3:05:52market opens, which is in about 2
3:05:53minutes from now. Let's see.
3:06:01All right, I just want to set this I'm
3:06:03going to set a sell stop order right
3:06:04here.
3:06:05>> Order working.
3:06:07>> Just in case market open pushes fast cuz
3:06:10YM does that sometimes.
3:06:14Hopefully it doesn't tap into it before
3:06:16this next candle 6 starts. Here's market
3:06:18open.
3:06:19>> Stop filled.
3:06:20>> All right, we just got entered into the
3:06:22trade here.
3:06:25TP1 is at 503.
3:06:29TP1 is right down here.
3:06:31TP1 hit.
3:06:33We're up 1,500. This is pushing
3:06:35beautifully. And my stop's above the
3:06:37recent swing high
3:06:40before our entry.
3:06:41My TP is all the way down here.
3:06:43Hopefully this bullish momentum lasts.
3:06:46We're up a pretty decent amount here.
3:06:49TP2 is at 512.
3:06:53So, TP2 is right
3:06:55here.
3:06:58If it hits TP2, I might trail my stops
3:07:00to break even cuz this is selling off
3:07:02very fast, which is good. But then you
3:07:04also have to realize when price sells
3:07:05off really fast, it can also buy back up
3:07:08really fast. So, I'm hoping that this
3:07:09selling
3:07:10pressure and momentum will last all the
3:07:12way down
3:07:14to the
3:07:15uh take profit zone before it bounces
3:07:18back up cuz price is like a freaking
3:07:20rubber band sometimes. The more it pulls
3:07:22down really fast, the harder it'll
3:07:24bounce up really fast.
3:07:26So, TP2 is hit.
3:07:30TP3 is 476.
3:07:35I haven't trailed my stop loss just yet.
3:07:37Uh so, my stop loss is still at the high
3:07:39point.
3:07:43Full TP is right here. Come on, man.
3:07:48Come on.
3:07:50Just give me my money, man.
3:07:53Boom.
3:07:55Full TP hit. That is 5,500
3:07:58bucks. Super That was an absolutely
3:08:01amazing trade. Super, super smooth. So,
3:08:03we did end up tapping back into that
3:08:04zone that I talked about. Uh so, this
3:08:06was our resistance zone that we drew on
3:08:08the uh 1-hour timeframe. Price bought
3:08:11back up This is really fast trade. Uh
3:08:13price bought back up to it right here at
3:08:16about 7:30 this morning. And then, it
3:08:19made this low here. Price tapped back
3:08:21into the zone at uh close to market
3:08:23open, which is what I wanted.
3:08:26And then, we broke that recent low for
3:08:27our entry. Stops was above it. This is
3:08:29textbook, literally the same exact
3:08:31strategy as you'll see me take every
3:08:33single freaking day. Except this
3:08:35Usually, these setups take like like 20,
3:08:3830 minutes, sometimes an hour. This was
3:08:41what? One, two, three 1-minute
3:08:43candlesticks. That's a 3-minute trade,
3:08:45and it's still selling down. I could
3:08:46have held this much longer.
3:08:49I'm not going to be greedy. Solid trade
3:08:51here, man. No complaints. All right. So,
3:08:53now we're about to go over another one
3:08:55of my favorite strategies. It is
3:08:57absolutely amazing for beginners because
3:08:59it is so checklist, so structured, where
3:09:03it's really hard to mess up. Like I'm
3:09:05going to dive through or go into the
3:09:07checklist that you have to follow. If
3:09:09you're able to follow this, this
3:09:10strategy has absolutely printed me and
3:09:12so many of my students money. A lot of
3:09:14beginners lean towards this strategy
3:09:16just because of how simple it is. It is
3:09:18a scalping strategy, meaning it's great
3:09:20for people who are able to be at their
3:09:22chart and wait for setups to happen. If
3:09:24you're someone who wants to be more
3:09:26passive, this might not work for you
3:09:28because you have to be at your charts
3:09:29waiting for it because it happens that
3:09:31fast. You'll enter the trade, and you
3:09:33would have hit TP within a minute or 2
3:09:36minutes, sometimes a few seconds at
3:09:38that. So, you have to be somebody that
3:09:39can sit at your charts. But if you're
3:09:41the type person that just want wants to
3:09:43get in and out of trades very, very
3:09:44fast, this strategy is absolutely
3:09:47perfect. Like this thing absolutely
3:09:49freaking kills it for me. It is my go-to
3:09:51strategy whenever I have time to sit at
3:09:53my desk. It is my favorite scalping
3:09:55strategy that I've literally ever traded
3:09:57over the last 9 years of me trading. So
3:10:00yeah, let's get into it. All right, so
3:10:02here we are on the six-step checklist.
3:10:04I'm going to run through the checklist
3:10:06really quickly. If none of this makes
3:10:07sense to you, don't worry about it. I'm
3:10:09going to show you guys everything that
3:10:11you have to do. I'm going to walk you
3:10:12guys through all of it and a bunch of
3:10:13examples and the live trade and the back
3:10:15test of that. You're going to have
3:10:16everything you need to be able to start
3:10:18using this strategy. So first of all,
3:10:20the first step is setting up our charts
3:10:22correctly. There's two things we need to
3:10:24do. We need to go on whatever trading
3:10:26platform we use and we need to switch
3:10:28from regular candlesticks to Heikin-Ashi
3:10:30candlesticks. Now how you do this on
3:10:33TradingView is you hit this drop down.
3:10:35You see a bunch of different chart
3:10:36types. You can have line charts,
3:10:37columns, volume footprint. Just click
3:10:40this one right here that says
3:10:41Heikin-Ashi candlesticks. Now if you
3:10:43don't know what Heikin-Ashi candlesticks
3:10:44are, we're going to go over that in a
3:10:45second, but that's just the first step.
3:10:48The next step is adding the indicator. I
3:10:50told you guys this just requires one
3:10:52indicator and it's a super super simple
3:10:54indicator. All you do is go to
3:10:56indicators, type in EMA.
3:10:59You're going to see moving average
3:11:01exponential pop up. You're going to want
3:11:03to press that. You're going to see the
3:11:05indicator actually pop up on your chart
3:11:06here. It's going to look like this. EMA
3:11:089 close. We need to turn this into a 100
3:11:12EMA. Right now, as you see it's a 9 EMA.
3:11:14I already have the 100 EMA on here, but
3:11:16let's just redo it. So like I said, as
3:11:18soon as you add the indicator, it's
3:11:20going to pop up right here and you want
3:11:21to just press this gear icon. That will
3:11:23take you to the settings. Once you've
3:11:25opened up the settings, go to inputs and
3:11:27next to length, change it from 9 to 100.
3:11:31This would then change your indicator to
3:11:33a 100 EMA versus a 9 EMA. Now something
3:11:37I just personally do, this has nothing
3:11:39to do with the strategy, just a
3:11:40preference, under style, I change the
3:11:42color of it from blue to white just cuz
3:11:45my chart background is black. So, I'd
3:11:47rather have a white line or a white
3:11:49indicator. And I just press okay. So,
3:11:51now I have my indicator and I have my
3:11:53chart set up correctly on Heikin-Ashi
3:11:55candlesticks. Now, let's get into
3:11:56exactly how to do this strategy. But
3:11:58first, you have to understand what this
3:11:59strategy is. And in order to do that,
3:12:02you have to understand basic price
3:12:03action. Price action simply tells us
3:12:06that the market just never goes straight
3:12:08up or straight down. Price will go up,
3:12:10down a little bit, up, down a little
3:12:12bit, up, down a little bit. And then
3:12:14obviously vice versa when price is going
3:12:16down, it goes down, up a little bit,
3:12:18down, up a little bit, down, up a little
3:12:20bit. Now, these areas where price has
3:12:22these small pullbacks, those are called
3:12:25pullbacks or retracements. You see here,
3:12:27we have another retracement. Here, we
3:12:29have a retracement. A retracement simply
3:12:31means that it's retracing and going in
3:12:33the opposite direction than the overall
3:12:35trend. Here, the overall trend is up,
3:12:38but when price is going down, we're
3:12:40having a retracement. Same thing here,
3:12:42the overall trend is down, so when price
3:12:44is going up, we're having a retracement.
3:12:48This strategy is catching these
3:12:49retracements at their ending point
3:12:52before they start going back in the
3:12:54overall direction. And that's very
3:12:55important because as traders, we always
3:12:58want to trade in the direction that the
3:13:00market is going. So, we're catching it
3:13:02at the perfect time when it had a small
3:13:05little break, we're catching it before
3:13:07it starts going back in this overall
3:13:08direction, and then we're riding the
3:13:10trend right back up to therefore profit
3:13:13on the overall direction. So, now that
3:13:15that is understood, market structure,
3:13:18which is step two. And this is what
3:13:20we're using our EMA for. The way we tell
3:13:23if price is in the uptrend or a
3:13:25downtrend is by using the EMA. If the
3:13:27candlesticks are above our EMA, we're
3:13:30only looking for buys. If candlesticks
3:13:32are below our EMA, we're only looking
3:13:35for sells. So, for example, let's
3:13:37imagine that this green line is our EMA,
3:13:40right? This is our EMA, and let's
3:13:42imagine this yellow line is price. These
3:13:45are candlesticks. If we're above our
3:13:46EMA, we know we're only looking for buys
3:13:49because the overall trend is up. If
3:13:51we're below our EMA, we know we're only
3:13:54looking for sales because our overall
3:13:56trend is down. So, that's how we're
3:13:58using it. Only buys if price is above
3:14:00the EMA and sells if it's below it. Now,
3:14:02next what we're doing is we're waiting
3:14:04for that clean pullback. We're waiting
3:14:05for that retracement to happen. Now,
3:14:08what does a clean pullback look like?
3:14:09And don't worry, we're going to go over
3:14:11a bunch of examples of it on the charts
3:14:13here, but a clean pullback in words is
3:14:15simply at least two clean opposite color
3:14:19candlesticks in the pullback direction.
3:14:22And what I mean by clean is that there
3:14:24are candlesticks that have no wicks on
3:14:25the top if we're looking for a buy
3:14:27pullback. And if we're looking for a
3:14:29sell pullback, meaning price is pulling
3:14:31up, we want candlesticks that have no
3:14:33wicks on the bottom. And I'll show you
3:14:35guys what that looks like cuz if you've
3:14:36never used Heikin Ashi candlesticks, you
3:14:38might be confused on what the heck
3:14:40there's no candlesticks that don't have
3:14:41wicks on the bottom or the top. We're
3:14:43going to go over that in a second. But,
3:14:45onto the entry signal. So, once we've
3:14:47had at least two opposite color
3:14:50candlesticks or we've had our pullback,
3:14:52we're then waiting for our entry. And
3:14:54our entry is a high volume doji
3:14:57candlestick. If you don't know what a
3:14:58doji candlestick is, it's simply a
3:15:00candlestick that has a small body.
3:15:03Imagine this is the body, and has a long
3:15:05wicks on the top and long wicks on the
3:15:07bottom. This is a doji candlestick, and
3:15:10this signifies indecisiveness.
3:15:13Meaning, usually when you see a doji
3:15:15candlestick, that means that whatever
3:15:17direction it was going in, it's about to
3:15:19reverse because it went down into an
3:15:22area, had a doji candlestick, showed us
3:15:24that it's uncertain in this area, and
3:15:26it's probably about to start reversing.
3:15:28That's the entry we're looking for. And
3:15:31remember, it says a high volume doji
3:15:33candlestick. Let's say this is the
3:15:36candlestick before it. This is the size
3:15:38of the candlestick before it. As long as
3:15:40the doji candlestick for our entry is
3:15:42bigger than the candlestick before it or
3:15:45the candlestick before that one, that is
3:15:47signified as a high volume doji
3:15:49candlestick. And as soon as that
3:15:51candlestick closes, that's when we're
3:15:53entering the trade. Now, once we've
3:15:56entered the trade, we have to put our
3:15:57stop loss in and we have to put our take
3:15:59profit in.
3:16:00>> [snorts]
3:16:00>> So, for step five, our stop loss is
3:16:03always going to be below the doji that
3:16:06we entered on if we entered for buys or
3:16:08above the doji that we entered on if we
3:16:11entered for sells. Again, we're going to
3:16:13go over a bunch of examples of this in a
3:16:14second. And then as far as the take
3:16:16profit, we're always going for a
3:16:18one-to-one risk-to-reward ratio minimum.
3:16:21I do have students of mine that will
3:16:22trade this strategy and will hold it for
3:16:24a two-to-one or three-to-one
3:16:26risk-to-reward ratio, but just be aware
3:16:28that the win rate will go down if you do
3:16:30hold it longer. That's honestly with any
3:16:32strategy. And when we go over the stats
3:16:34of this later on inside of this video,
3:16:36so you see exactly what win rate we have
3:16:38on average with this strategy. But now
3:16:40that we've went through this checklist,
3:16:41you understand it, let's go through it
3:16:44on a chart so you can actually see it
3:16:46happen. So, I have a few examples here
3:16:48to go over with you guys so you guys can
3:16:50see it live in action. Keep in mind,
3:16:51these are trades that we took live
3:16:52inside of my inner circle. But as I was
3:16:54saying, here is an example that we had
3:16:56taken and I'm going to break this down
3:16:58for you guys so you guys can go through
3:16:59all the steps with me. So, we're on
3:17:01Heikin-Ashi candlesticks. Now, I know
3:17:02you might be saying, I don't I've never
3:17:04seen these candlesticks before. The only
3:17:06two main differences between Heikin-Ashi
3:17:09candlesticks and regular candlesticks is
3:17:11for one, each candlestick, the body
3:17:14starts in the middle of the candlestick
3:17:16before it. If you look at this
3:17:17candlestick, the body of it starts in
3:17:19the middle of this one. That's one. Now,
3:17:21the other part that's different is that
3:17:23the body on a bearish candlestick, which
3:17:25is the bottom of it, is the average of
3:17:28where price has been throughout the
3:17:29candlestick. That isn't where price
3:17:31closes. If you guys know the bottom of a
3:17:33body on a bearish candlestick on regular
3:17:35candlesticks, that's where price closed
3:17:37at. It's different on Heikin-Ashi.
3:17:38That's the average of where price was
3:17:40at. Meaning, price could have been up
3:17:42here, price could have been over here,
3:17:44price could have even closed right here,
3:17:47but this is the average of where price
3:17:49has been throughout this entire
3:17:51candlestick. And I've made so many
3:17:53videos about Heikin-Ashi candlesticks
3:17:55and the benefit of them, why they're an
3:17:56amazing tool to use, but I just want to
3:17:59break down that so you guys understand
3:18:01that. But now you're seeing here all
3:18:02these candlesticks that have no wicks on
3:18:04the top, or you're seeing candlesticks
3:18:06right here, like this one, that have no
3:18:07wicks on the bottom. So, when we were
3:18:09referring back to our checklist,
3:18:12and we're looking for those pullbacks,
3:18:13those two clean opposite color
3:18:15candlesticks, this is what I'm referring
3:18:18to. Now, we're on Heikin-Ashi
3:18:20candlesticks, we're on the 1-minute time
3:18:22frame. This is all done on the 1-minute
3:18:23time frame. We're not switching time
3:18:25frames at all. We're not doing any type
3:18:27of higher time frame analysis and then
3:18:29going down to the 1-minute time frame.
3:18:30We're staying on the 1-minute time
3:18:32frame. This white line that you see
3:18:34right here, that is the EMA that we just
3:18:35put on. Remember, it was blue, but I
3:18:37changed it to white. And then, what are
3:18:40we seeing here? We see price is actually
3:18:42below the EMA. The EMA is up here, we
3:18:44see price is below the EMA, so we're
3:18:47only looking for sells. Now, what is the
3:18:50next step on our checklist? Because we
3:18:52we know we're only looking for sells,
3:18:54we're waiting for a clean pullback. A
3:18:56clean pullback is at least two of these
3:18:59candlesticks, candlesticks that have no
3:19:01wicks on the bottom. Now, we can see
3:19:03that we've actually been below this EMA
3:19:05for a long time, but we never had our
3:19:07clean pullbacks. If you look at this
3:19:09pullback right here, we had some green
3:19:11candlesticks that's going up, but both
3:19:13of these have wicks on the bottom,
3:19:14meaning we didn't get our two clean
3:19:17candlesticks, our minimum of two clean
3:19:18candlesticks. But But, we fast forward a
3:19:20little bit, we still see we're having
3:19:22little pullbacks, little pullbacks. Here
3:19:24we see we had two clean candlesticks,
3:19:26but we had a small doji. When we fast
3:19:28forward here, we say we had our pullback
3:19:30where we have 1 2 3 clean candlesticks.
3:19:34And then, what did we end up getting? We
3:19:36ended up getting a high volume doji
3:19:38candlestick. As I mentioned to you guys,
3:19:40you guys just want the size of the doji
3:19:43candlestick. So, if we draw a box around
3:19:44this doji candlestick and put it over
3:19:46the candlestick before it,
3:19:48it's bigger than this candlestick. And
3:19:50it's also bigger than the candlestick
3:19:52before that one. We just need it to be
3:19:54bigger than at least one of the two last
3:19:56candlesticks that were printed. And we
3:19:59see here it is. So, I mentioned as soon
3:20:02as this candlestick closes, we are
3:20:04entering into the trade. So, for sells,
3:20:07we would come over here to our short
3:20:09position tool.
3:20:10And our entry would be as soon as this
3:20:12candlestick closes, but I always draw it
3:20:14as if price closed right here. So, we'd
3:20:17click right here. That's our entry.
3:20:19And our stop loss, as I mentioned, is
3:20:21going above the candlestick that we
3:20:23entered on since we're looking for
3:20:24sells. And we're dragging our take
3:20:27profit until this risk to reward ratio
3:20:30says at least a 1:1 risk to reward ratio
3:20:32right here. And as you see, this trade
3:20:35ended up winning within 2 minutes. As I
3:20:37mentioned, this is a scalping strategy.
3:20:40This is a super simple example of how
3:20:43well this plays out when you wait for
3:20:45everything to align. If we had rushed it
3:20:47and tried to enter into, let's say, a
3:20:49trade right here where we didn't wait
3:20:51for a high volume doji candlestick, this
3:20:53trade would have lost cuz we would have
3:20:55entered as soon as it got here. Stop
3:20:57loss would have been right here, and
3:20:59price would have instantly taken us out.
3:21:01That's why it's important that when
3:21:02you're using this strategy, you have to
3:21:04follow the checklist. Now, let's fast
3:21:06forward and look at a buy opportunity
3:21:08cuz the same buy opportunity happened on
3:21:10the same exact day.
3:21:12So, if we look here, we see we're now
3:21:14above the EMA. We created market
3:21:17structure above the EMA. Now, at this
3:21:19point, we're simply waiting for our
3:21:21pullback to the downside, at least two
3:21:24of these candlesticks that have no wicks
3:21:26on the top, now since we're looking for
3:21:28buys, and then we're waiting for a high
3:21:30volume doji. So, if you see here, we had
3:21:32our pullback right here, and then we had
3:21:34a doji. But, this doji is small, meaning
3:21:36it's not high volume. And again, if we
3:21:39had taken this trade, put our stop loss
3:21:41below the doji candlestick, we would
3:21:44have lost the trade. That's why we have
3:21:46to wait for the high volume doji
3:21:48candlestick. Now, what do we end up
3:21:50getting here? We had two clean
3:21:52candlesticks on the pullback, and then
3:21:54we got our doji candlestick. Keep in
3:21:57mind, a doji candlestick is not going to
3:21:58be perfect every time. It's not always
3:22:00going to be a perfect candlestick that
3:22:02has a super small body and equal-size
3:22:05wicks on the top and the bottom. We just
3:22:07want to see an indecisive candlestick
3:22:08that has a small body with wicks on the
3:22:10top and the bottom. So, this is a doji
3:22:13candlestick as well. We'd enter as soon
3:22:16as this doji candlestick closes, so we'd
3:22:18enter right here for a buy. Our stop
3:22:20loss goes right below the doji
3:22:22candlestick that we entered on, and
3:22:24we're dragging this until, again, the
3:22:26risk-to-reward ratio says a one-to-one.
3:22:29And as you see, this trade it ended up
3:22:31taking a little bit longer to hit. It
3:22:33ended up winning in 6 minutes. But
3:22:35still, this is a scalping strategy,
3:22:38extremely fast, in and out on this
3:22:40trade, and was able to make a good
3:22:42amount of money with this super simple
3:22:44trade by following the same exact
3:22:46six-step checklist that we just went
3:22:48over. All right, so we've went over the
3:22:49checklist. I've showed you guys multiple
3:22:51examples, but now let's hop into an
3:22:53actual live example so you see how this
3:22:54looks like in real time, how I'm
3:22:56actually managing my trade once I'm in
3:22:58it. All right, we might actually be able
3:23:00to get another setup here. We just need
3:23:02to wait for our doji candlestick now. We
3:23:04need this doji to get bigger so it can
3:23:06be high volume. Here it goes.
3:23:08This is looking solid.
3:23:11All right.
3:23:13Let's wait for this candlestick to
3:23:14close. All right, I'm getting in this.
3:23:17>> Order filled.
3:23:19>> I'm in it.
3:23:21Put my stop loss above the high of the
3:23:22candlestick and a one to one falls at
3:23:26468
3:23:273.
3:23:30Having a nice push out of here.
3:23:32We're up 100 bucks. Beautiful, up $200.
3:23:37Up $300.
3:23:40Beautiful.
3:23:43I have my stop loss right above the
3:23:44candlestick I entered on and my TP is
3:23:46right down here. It's at about a two to
3:23:47one. Sorry, it's about a one to one risk
3:23:49to reward ratio right now.
3:23:51Hopefully we continue to have volume to
3:23:53the downside. We're up 400.
3:23:57500.
3:24:01Boom. We're right here by our TP. Come
3:24:03on.
3:24:05>> Order filled.
3:24:06>> Perfect. All right, so as you can see
3:24:09that is an extremely repeatable process.
3:24:11It's extremely simple. We're simply just
3:24:13waiting for all the checklist things to
3:24:15happen, then we're executing on it. Now
3:24:17that being said, let's hop into the back
3:24:19tested data so you guys can kind of see
3:24:21the type of stats that I've been able to
3:24:22achieve with this strategy. All right,
3:24:25so here we are on the back tested data.
3:24:26This is actually a month's worth. I just
3:24:28chose a random month and I just started
3:24:30back testing it to give you guys as much
3:24:32data as possible. So in this random
3:24:34month that I had chosen, we had a win
3:24:35rate of about a 75%. As you can see, we
3:24:38took 32 trades total. We had 24 wins,
3:24:41eight losses. So this comes out to
3:24:43roughly around a trade or two trades per
3:24:46day, but keep in mind I only traded one
3:24:48pair with this strategy. Now having used
3:24:51this strategy for over two years now,
3:24:53the win rate generally is around a 68%.
3:24:56The highest I've ever seen it is about a
3:24:5878%. So it roughly chills around that
3:25:01area, but in this specific month it was
3:25:03about a 75% win rate. If you scroll down
3:25:06here, our average risk reward ratio was
3:25:09a 1.4:1
3:25:11risk reward ratio. Now, you might be
3:25:12asking me, "How the heck does that
3:25:14happen?" It's because, as I mentioned to
3:25:16you guys when we're entering the trade,
3:25:18we're putting our entry as if price
3:25:21closed right here. But, we know with
3:25:23Heikin-Ashi candlesticks, where price
3:25:25body is at is not where price actually
3:25:27closed. So, we have our entry as if it's
3:25:29here, and we're entering with a market
3:25:31order as soon as price closes, but price
3:25:33could have closed right here, right? So,
3:25:36essentially, that would make our actual
3:25:38entry right here. So, we'd actually have
3:25:41a 1.6:1 risk reward ratio. But, we're
3:25:43planning each and every one of our
3:25:45trades as if price, as soon as we
3:25:47entered, was at the tip of the doji,
3:25:50giving us that 1:1 risk reward ratio
3:25:52that we talked about. So, that's why you
3:25:54see it's actually always going to be a
3:25:56higher risk reward ratio, because every
3:25:58single time we're always getting more
3:26:00than a 1:1 risk reward ratio. Throughout
3:26:02this entire session, I did not hold this
3:26:04trade longer than a 1:1 risk reward
3:26:07ratio on paper, meaning my drawing that
3:26:09I had was never above a 1:1 risk reward
3:26:12ratio. But,
3:26:14as you can see, these stats are
3:26:16absolutely fantastic. I want you guys to
3:26:18go and backtest this for yourself. Don't
3:26:20just take my word for it. Go backtest
3:26:22this until you understand it, until you
3:26:24can recite that six-step checklist off
3:26:27with your eyes closed, you know exactly
3:26:29what you're looking for every single
3:26:30time. Try it out for yourself. Come back
3:26:32here, put in the comments, "Oh, this
3:26:33strategy sucks." Or, "This strategy is
3:26:36absolutely freaking amazing." I don't
3:26:37know. Go backtest it for yourself, so
3:26:39you learn it for yourself. All right.
3:26:41Now, this next strategy is one of I know
3:26:43I've said this for all the strategies,
3:26:45but this is one of my favorite ones.
3:26:46It's super, super simple. If you're
3:26:48still kind of struggling with support or
3:26:50resistance, this simplifies it. It is my
3:26:53London support and resistance strategy.
3:26:56It goes based off the London zones, and
3:26:57I'll dive into it inside the video when
3:26:59we go deep into the uh this strategy,
3:27:02which we're about to do right now, but
3:27:03it uses the price action that happened
3:27:05during London session to help us see
3:27:07what will happen during New York
3:27:09session. What that means is I don't have
3:27:11to worry about finding
3:27:13regular or random support or resistance
3:27:15zones. I can simply rely on the London
3:27:17session to show me which support or
3:27:20resistance zones I should be looking
3:27:22for. It's again not a scalping strategy.
3:27:25You will be in and out these trades
3:27:27fairly quickly cuz it happens close to
3:27:29market open stock market open. Uh so
3:27:31there is a lot of volume, but it also is
3:27:33something where you're only going to get
3:27:35one setup a day specifically. And you'll
3:27:37see inside the detailed walk-through
3:27:38when I walk you guys through how to do
3:27:40this strategy, but it's amazing for
3:27:41people who also don't have a lot of
3:27:43time. You can utilize alerts with this
3:27:45one as well, so you don't have to be
3:27:46sitting here looking at your charts.
3:27:48Like I said, I'm probably going to say
3:27:49this for every strategy, but it's one of
3:27:52my favorite strategies. Now, I'll be
3:27:54honest with you guys. There was a point
3:27:55where my charts literally looked like
3:27:57this, and it was the most confusing
3:27:58thing ever. I had a 100 million
3:28:00indicators thinking that it was actually
3:28:02helping my trading, but in reality it
3:28:04was just making my charts look like a
3:28:06freaking kids coloring book. It was only
3:28:08when I actually ended up removing all of
3:28:10these indicators that I found
3:28:12consistency and clarity with my trading.
3:28:15But after testing hundreds of
3:28:16indicators, there's only been really one
3:28:18that has been super beneficial to me,
3:28:20and that's the one we're going to talk
3:28:21about in this video. So first things
3:28:23first, what is the indicator? Type it in
3:28:25indicators right here or press
3:28:26indicators and type in this indicator
3:28:28called kill zones. It's by this person
3:28:29named Oscar VS. It's 2.9 thousand people
3:28:32using this indicator. Now, I'm going to
3:28:34be honest with you,
3:28:35all 2.9 thousand people are probably the
3:28:37people that I put on to it cuz I've told
3:28:39all my students about it. I've told all
3:28:40my inner circle members. I've told
3:28:42people on YouTube about it a long time
3:28:45ago when I first started off using. I've
3:28:46been using this indicator for I want to
3:28:48say five or six years now. And as I
3:28:51mentioned, my entire journey of trading
3:28:53past eight years, this has been the most
3:28:55beneficial one to use. But nonetheless,
3:28:58let's add it to our chart here.
3:28:59Make sure it's the one by Oscar V S cuz
3:29:01there's a couple other ones. I don't
3:29:03know any of these people. I don't trust
3:29:04any of these people. I don't know what
3:29:05any of those indicators do. So, the one
3:29:07by Oscar V S.
3:29:08We'll exit out and you'll see it'll pop
3:29:10off onto your charts here. Now, what
3:29:12this indicator does, it shows you what
3:29:15price has done during certain trading
3:29:17sessions. If you're new to trading or if
3:29:19you don't know, there are multiple
3:29:20different sessions. We have the New York
3:29:22session. We have the London session. We
3:29:24have the Asia session. And simply what
3:29:26those means is those are certain periods
3:29:29where the market is open in certain
3:29:31parts of the world. And the reason why
3:29:33that's so important is because the big
3:29:35banks and the big hedge funds that
3:29:37actually move the markets, if you did
3:29:38not know,
3:29:39us, no matter if you're trading 10
3:29:40contracts, 30 contracts, if you have a
3:29:42$10 million account, your trades that
3:29:44you're
3:29:45putting in, they're not moving the
3:29:47markets. It's the banks. It's the hedge
3:29:48funds. It's the the big ballers that are
3:29:50putting out billions of dollars. But,
3:29:52anyways, what this indicator is showing
3:29:54us, it's showing us what these big banks
3:29:57and these big hedge funds did during
3:29:59these different sessions. And it shows
3:30:01us the important points or important
3:30:03price areas where these big banks or
3:30:06hedge funds actually found fair value or
3:30:09where they found price was overbought or
3:30:11oversold, hence creating these support
3:30:13and these resistance zones. Now, it's
3:30:15important to know that these different
3:30:16sessions don't necessarily work together
3:30:18cuz like a bank in London isn't
3:30:20necessarily working together with a bank
3:30:22in New York. So, certain things that
3:30:24happen during London session do affect
3:30:26what happens during New York session.
3:30:28And these New York traders will trade a
3:30:30different way depending what happened
3:30:31during London session. Same thing, Asia
3:30:33session gets affected by what happened
3:30:35during New York session. And then,
3:30:37London session gets affected by what
3:30:38happened with Asia session. So on and so
3:30:40on and so on. So, this indicator
3:30:42actually breaks it down clearly for us,
3:30:44showing us exactly what's happened
3:30:45during these sessions. And that gives us
3:30:48a much clearer read on the charts. Now,
3:30:50when you first put this indicator on,
3:30:52you're going to see it does not look
3:30:53like this. So, what I would suggest you
3:30:54guys do if you guys like clean charts
3:30:56cuz honestly, if it's not um clean,
3:30:59you're going to see a bunch of different
3:31:00things here. I'll show you guys an
3:31:01example of it. Um
3:31:03it'll really just look
3:31:05like this. It's It still looks kind of
3:31:07crazy. It's a bunch of things on my
3:31:08chart. I don't personally like that. So,
3:31:10if you're the type person that likes
3:31:11their charts to be clean, but still
3:31:12wants to get the value from this
3:31:13indicator, you can copy the settings
3:31:15that I have here under style,
3:31:17under inputs as well. I only care about
3:31:19the New York session and the London
3:31:20session. I'll show you guys exactly why
3:31:22later on this video when we go over how
3:31:24I use this indicator to actually trade
3:31:26and find high probability setups. Um but
3:31:29these are my settings that I have for
3:31:30kill zone. I don't really change
3:31:31anything else except for the tabs in the
3:31:33input and the tabs under uh style here.
3:31:36But once you have this indicator on your
3:31:37chart, now you're able to clearly see
3:31:39what happens during these London session
3:31:41and these New York session times. So,
3:31:43for me, the yellow line is when London
3:31:45session starts. So, from the yellow line
3:31:48all the way up until the white line is
3:31:49London session. Now, keep in mind there
3:31:51is an overlap. So, London session
3:31:53doesn't actually end when this white
3:31:54line starts. The white line just simply
3:31:56tells me that New York session started.
3:31:58And if you didn't know, London session
3:31:59and New York session overlap for about 3
3:32:02hours. So, really right over here is
3:32:05where London session usually actually
3:32:07ends, but this is when New York session
3:32:09starts. But as I mentioned, it's
3:32:11important that we understand exactly
3:32:13what happened during these specific
3:32:14trading sessions that would allow us to
3:32:16have a better game plan moving forward
3:32:18into the next trading sessions. As you
3:32:20see here, we have a couple examples
3:32:22pointing out of setups that I actually
3:32:24take, things that I actually look for in
3:32:26the markets, and how it is affected, and
3:32:28how I'm able to use this indicator to
3:32:29easily find it. Because as I mentioned
3:32:32earlier, these pivotal points that these
3:32:34banks make during these specific trading
3:32:36sessions, meaning the highs and the lows
3:32:38of these different sessions, can be used
3:32:40as extremely valuable support and
3:32:42resistance zones. Meaning, a support
3:32:45zone that was created during London
3:32:46session is often times touched again
3:32:49during New York session and respected.
3:32:51You'll see that example right here. This
3:32:53yellow line starts London session,
3:32:55right? And as you see, this is the low
3:32:57of London session. So, I drew a box
3:32:59right around the low of London session.
3:33:01If we drag that across, the white line
3:33:03is when New York session started. And
3:33:04what happened after New York session
3:33:06started? Price tapped into that London
3:33:08session and bought off of it. This is
3:33:10how I'm trading this using this
3:33:12indicator. I'm looking for the lows and
3:33:15the highs of London session or New York
3:33:18session and using that to trade the next
3:33:20session. As I mentioned, you can see
3:33:22Tokyo session here as well. If I put
3:33:24this on my chart, um it starts right
3:33:26here. I don't really trade Tokyo session
3:33:28too much. Now, I'll trade London
3:33:29session. So, there's no need for me to
3:33:31care about what happened during Tokyo
3:33:33session or Asia session. Um I really
3:33:35more so care about London session
3:33:37because I mostly trade the New York
3:33:39session. So, I want to know what happens
3:33:40during London session, which is right
3:33:42here. That way I can plan for New York
3:33:44session. So, as you see in this example,
3:33:46we marked off the low of London. Price
3:33:47obviously ended up buying off the low of
3:33:49London, creating a high for London
3:33:51session. New York session started right
3:33:53here at this white line. Price sold down
3:33:56into the London low and bought off of
3:33:58it. This is an easy buying opportunity
3:34:00because we know that London session
3:34:02support or resistance zones are very
3:34:04valuable in the New York session. We can
3:34:07see another example of right here.
3:34:10This is the
3:34:12London session high right here. As you
3:34:14see, London session high, New York
3:34:16session started, we sold off. But what
3:34:18ended up happening? Price ended up
3:34:19buying back into this same London high
3:34:22area right here. Same London high high
3:34:25area right here. And then ended up
3:34:27selling off of it after it tapped into
3:34:29it again. This is a clear example of the
3:34:31fact that London session support and
3:34:34resistance zones are extremely valuable
3:34:36and respected during New York session.
3:34:38We can go back and see multiple examples
3:34:40of this. We can see this is the low that
3:34:42was created during London session.
3:34:45We can see we have a high point created
3:34:46here as well. We can mark this off as
3:34:48the high point of London session right
3:34:49here.
3:34:50And what happened when New York session
3:34:52started? It sold down into London
3:34:54session and then it ended up buying off
3:34:56of London session and respecting London
3:34:58session. Using this indicator to mark
3:35:00off the London highs and the London lows
3:35:02is an extremely simple way for me to
3:35:05find my key support and my resistance
3:35:07levels for the day when I'm looking at
3:35:10the New York market. We can see multiple
3:35:12examples of this. Again, we had the low
3:35:15created during London session right
3:35:16here. What happened? Price ended up
3:35:18selling down into that London session
3:35:21and buying off of it. Extremely simple
3:35:24setup and we didn't have to do any
3:35:25guesswork trying to find, "Okay, what's
3:35:27the right support zone? What's the right
3:35:29resistance zone that we should draw?"
3:35:31Right? We're simply looking at the low
3:35:32that was created during a specific
3:35:35trading session and then waiting for the
3:35:37next session to tap into that zone and
3:35:39respect it and look for entries. Now,
3:35:41it's not just the London low that I'm
3:35:43looking for. It just so happened that
3:35:45those few examples that we went over are
3:35:47good examples of the London low being
3:35:49tapped into during New York session and
3:35:50buying off of it. But, if we look at the
3:35:54London high area right here on this
3:35:55example. I know we have this marked up,
3:35:57but if we drag it across, we can see
3:35:58price We know price doesn't just break
3:36:01above these these support or resistance
3:36:02zones, right? It breaks above a
3:36:04resistance zone, for example, imagine a
3:36:06resistance zone is right here. It breaks
3:36:08above a resistance zone and it'll come
3:36:09down to retest that same zone and then
3:36:11it'll buy off of it. What do we see
3:36:13happen here? We had the London high
3:36:15resistance zone created, price broke
3:36:17above it, came down to retest it right
3:36:20here and bought above it. We could have
3:36:21entered for a buy here. Same thing, you
3:36:23see it respects that same key area again
3:36:26right here. And we can see this multiple
3:36:28different times when it comes to trading
3:36:31the London session high and the low. We
3:36:33see the high that was created here. What
3:36:35happened when New York session started?
3:36:37It bought back up into this zone and
3:36:39sold off of it. And simply all I'm
3:36:40looking for once price taps into this
3:36:43London higher London low zones is price
3:36:45to tap into it, show some consolidation,
3:36:48and then break out of that
3:36:49consolidation. So, it tapped into it
3:36:51right here for example, we see price
3:36:53created consolidation right here,
3:36:55meaning price just chopped around right
3:36:56here. We could have just simply waited
3:36:58for a sell to the downside after it
3:37:00tapped into it. It broke the
3:37:02consolidation to the downside, could
3:37:03have entered for sells right here.
3:37:06Stop loss wherever we put it, take
3:37:07profit wherever we put it, and as you
3:37:09see, it would have absolutely ripped to
3:37:12the downside. Now, this example we just
3:37:13went over is using ES, right? We can
3:37:16also look on NQ. There are so many
3:37:17different examples across different
3:37:19instruments. I use this indicator along
3:37:21with the support and resistance zones
3:37:22that I get from using this indicator
3:37:24across multiple different instruments.
3:37:26NQ, ES, YM, you can use it with forex,
3:37:28you can use it for gold.
3:37:30Um just the examples we're going over
3:37:32right now is ES and NQ. Now, here on NQ
3:37:35you see we have another example right
3:37:36here. We have a low created during
3:37:38London session. What happened during New
3:37:40York session? It started, sold down into
3:37:42it, and then bought off of it. Sold down
3:37:44into it again right here and bought off
3:37:45of it because this is a strong zone. If
3:37:48we go to the side, we can see another
3:37:49example of price having this low during
3:37:52London session. It sold down and broke
3:37:54through that London low without
3:37:56respecting it, which is fine cuz we
3:37:58already talked about when price breaks
3:37:59below an area, it'll come back up to
3:38:01retest it and sell off of it. And what
3:38:03ended up happening when the price broke
3:38:05below it, came back up to retest that
3:38:07same London low area? What did it do? It
3:38:10sold right off of it. And you can see
3:38:12this time and time again happening. This
3:38:15why I only use this indicator to
3:38:17actually find my high probability setups
3:38:20when I'm going into the day. Right here,
3:38:21you see we have a high created during
3:38:23London session right here. What happened
3:38:25during New York session? It broke above
3:38:26it,
3:38:28came back down to retest it, and it
3:38:29bought off of it. You're going to see
3:38:31this happen day in and day out and this
3:38:34is the reason why this indicator right
3:38:35here is all I need to trade with. All
3:38:38right, I'll be looking for buys off of
3:38:40the London low here. I'll let me mark it
3:38:43up on this chart here.
3:38:46Um rectangle. So this essentially is the
3:38:49London low right over here.
3:38:51This area that we're currently in right
3:38:53now. So I'm looking for price to bounce
3:38:55off of here. We've already started to
3:38:56bounce off it earlier this morning, but
3:38:59I want to wait till after market open.
3:39:00Right now we have a decent amount of
3:39:02zones to look for breaks above. Sorry,
3:39:04decent amounts of
3:39:06areas for price to
3:39:08go above.
3:39:11So I'm looking for price to break above
3:39:13here for an entry or break above here
3:39:15for an entry or break above here or here
3:39:18for an entry. Uh but I want this to
3:39:19happen after market after the stock
3:39:21market opens. Which the stock market
3:39:23opens in a little bit less than 3
3:39:24minutes from now.
3:39:25So I'll look to see if we get a break of
3:39:27this high here or this high. Um
3:39:29potentially honestly I'd probably wait
3:39:31for this high. This one just looks a
3:39:33little bit more clean
3:39:35to me. Then I'll look for an entry here
3:39:36off this London low area. That's if
3:39:39we're able to hold here. If price
3:39:40creates a new low and breaks below here
3:39:42cuz remember this green box is my
3:39:45support zone that was made during London
3:39:47session. So if price comes down and
3:39:49breaks this low,
3:39:51uh I won't be looking for this setup
3:39:52anymore.
3:39:54But
3:39:55um
3:39:57yeah, we shall see. About 2 minutes left
3:39:59until market open. We'll see what the
3:40:01price action does.
3:40:03And if at market open it actually ends
3:40:05up selling down,
3:40:06um sorry everybody I'm repeating this.
3:40:08I'm saying it to my I'm recording this
3:40:10video as well.
3:40:12Um
3:40:12I know we just went over it, but um
3:40:16yeah. So I am looking for this. And all
3:40:19the people that's watching this on the
3:40:20recording, I've talked to my inner
3:40:21circle cuz we just went over it. But now
3:40:23I decided to record the trade cuz it
3:40:25looks like it could be a pretty solid
3:40:26setup here.
3:40:28Um anyways, I don't know why I'm
3:40:29explaining everything to everybody. Just
3:40:31know we're looking for buys off of here
3:40:34for a London support resistance setup or
3:40:37really a London support zone. We're
3:40:38buying up to here now. I hope we don't
3:40:40break this high before
3:40:44New York session starts, which is in
3:40:47a minute and 10 seconds from now.
3:40:50Uh if we do get an entry, I'd be
3:40:51targeting this recent high up here.
3:40:53So, probably somewhere right here from
3:40:55being honest. I wouldn't target the
3:40:57entire thing. And this should be about a
3:41:00two to one risk to reward ratio, maybe a
3:41:02little bit less.
3:41:04Sorry, maybe a little bit more.
3:41:06I'm actually going to put my stop order
3:41:07here. So, I'm going to put a stop a buy
3:41:09stop order
3:41:10at the break of here.
3:41:13I'll drag my take profit up here. My
3:41:15stop loss will be below the most recent
3:41:17low. The most recent low right now is
3:41:19right here.
3:41:21So, we'll see. If we break this low
3:41:23though, I'm not going to buy. I might
3:41:25just close this entry out. I'm not in it
3:41:28yet. I'll get entered into it as soon as
3:41:29it breaks my stop order, which is at
3:41:32this green line up here
3:41:34at the break of this high.
3:41:36Um let's see though.
3:41:39We shall see. We do have a zone higher
3:41:42up at 49396.
3:41:4649396,
3:41:48which is up here.
3:41:51But,
3:41:52we'll have to see.
3:41:53All right.
3:41:56Looks like it's trying to inch towards
3:41:58my
3:41:59entry here.
3:42:01Oh, boom. All right, I'm in the trade
3:42:03right now.
3:42:06Um it messed up my stop loss.
3:42:09So, stop loss below the most recent
3:42:10swing low, which is right here. My stop
3:42:12loss is at 297
3:42:1429278,
3:42:16sorry.
3:42:22Ooh, it literally got by our stop loss.
3:42:26I don't like the fact that it wicked off
3:42:28here. I like to see good volume bouncing
3:42:30off of here.
3:42:31Oh.
3:42:33Now we're getting pretty solid volume to
3:42:35the upside.
3:42:36But I don't I don't ever like seeing
3:42:38price wick my entry and then reverse
3:42:40down. That's usually a sign that there's
3:42:42not strength of the breakout of that
3:42:44change of
3:42:45um direction or sorry, break of
3:42:47structure.
3:42:50Right now this is looking solid, but you
3:42:51see how it instantly sold down. I
3:42:52usually don't like that. Usually that
3:42:54leads to a loss, but right now it's
3:42:55pushing on nicely. We just actually hit
3:42:57TP1 here.
3:43:00TP2 is at
3:43:04365.
3:43:08Which we're about to hit right now. We
3:43:09hit it. TP
3:43:11two hit.
3:43:13This is actually pushing very nicely.
3:43:16We're up 7K right now. I'm thinking
3:43:18about moving my take profit higher cuz
3:43:20we have that additional zone, but I'm
3:43:22just scared that
3:43:24oh.
3:43:25Come on, just hit it.
3:43:28I'm
3:43:29hold on. Just hit the Come on, man.
3:43:35What ends up happening is when price
3:43:37buys up really fast, it's also going to
3:43:38sell down really
3:43:40Boom. Full TP hit. About 8K on that one.
3:43:43A little bit over a two to one risk to
3:43:45reward ratio
3:43:46right there.
3:43:50Hope you guys ate with me. This is a
3:43:51super This is exactly what I wanted to
3:43:53see. The only thing that kind of threw
3:43:55me off a little bit
3:43:56is because we did sell down right after
3:43:58it tapped me into the trade.
3:44:00But um
3:44:02that's fine cuz it still didn't even hit
3:44:03our our stops. That's why I always put
3:44:06my stop loss a little bit below the most
3:44:08recent low. So this is the most recent
3:44:09low right here. And you'll notice here
3:44:12if we draw a line.
3:44:14You'll notice that price literally just
3:44:16went like one tick below the most recent
3:44:18low. That's why I always put my stop
3:44:20loss just a little bit below it, like
3:44:22three, four ticks below the most recent
3:44:25low.
3:44:26This is still pushing up nicely,
3:44:27actually.
3:44:29Um
3:44:30but this is exactly what I wanted as I
3:44:32was telling you guys. I wanted price to
3:44:33not create a new low and break this new
3:44:36high close to market open. I think it
3:44:38did it right on the market open
3:44:39candlestick. Yeah, it did it right on
3:44:41the market open candlestick to the
3:44:43upside.
3:44:44Beautiful. And this is pushing up
3:44:46nicely. Remember this entire zone,
3:44:48for everybody watching this video the
3:44:50playback is based off the London low.
3:44:52The London low was created right here.
3:44:54This is the zone I have on my charts.
3:44:56Price bounced off of it during London
3:44:58session here, bought up, bounced off of
3:45:00it again right here, bought up, and then
3:45:02now that the stock market is open,
3:45:04that's how we're having this big move
3:45:06off of here. This is when it's actually
3:45:07respecting that that London zone. So,
3:45:09that's why when I'm telling you guys
3:45:11about this strategy, I don't like taking
3:45:13the setup before the stock market opens
3:45:15because the stock market is what pushes
3:45:18the actual move to happen.
3:45:20Uh so, yeah, pretty beautiful freaking
3:45:23trade. And I don't want you guys to
3:45:24think that this happens all the time.
3:45:26Like this setup is not going to have
3:45:28this this fast of a setup is not going
3:45:31to happen all the time. Like this hit
3:45:32full take profit in 2 minutes,
3:45:34which is
3:45:36beautiful. But most of the time it'll
3:45:37take like 15 minutes or or 30 minutes or
3:45:40so
3:45:41to take
3:45:42uh to hit take profit, but this is
3:45:45beautiful. No complaints at
3:45:47all. All right, so we talked about the
3:45:49London support and resistance strategy.
3:45:51We just went over it. Now we're going to
3:45:53go over another one of my elite
3:45:55strategies, which is the London breakout
3:45:57strategy. This strategy is a little bit
3:46:00more fast-paced, meaning it's not going
3:46:02to be as passive, so you kind of have to
3:46:04be at your charts. You can still utilize
3:46:06alerts, but these setups happen fast.
3:46:08Like you'll get into a trade and you
3:46:10could be out the trade in freaking a
3:46:12minute, 2 minutes, 5 minutes sometimes.
3:46:14I wouldn't necessarily say it is a
3:46:16scalping strategy. It just so happens
3:46:18that these setups tend to like move
3:46:21really, really fast. So, that's just
3:46:23something to uh keep in mind. But again,
3:46:25you're only going to get one to two
3:46:27setups max of this. If you're the type
3:46:29of person who just wants to like get 30
3:46:31trades a day and like scalp all day
3:46:33long, this strategy might not be for
3:46:35you. But if you're someone who wants to
3:46:37be a little bit more passive, not as
3:46:39passive as like regular support or
3:46:41resistance, but still have a little bit
3:46:43of speed, this strategy is amazing. It
3:46:45utilizes, again, the London session to
3:46:48let us know where we should look for
3:46:49breakouts at. And um honestly, like I
3:46:52said, I I said it multiple times, I'm
3:46:55going to say it again, this strategy
3:46:56absolutely freaking kills it. Let's get
3:46:58into it. All right, so here we are on
3:47:00TradingView. I call this strategy the
3:47:015-minute NQ London Session Breakout
3:47:04Strategy. Specifically for the reason
3:47:07that it's based off the 5-minute time
3:47:08frame, you're not going to any other
3:47:10time frame, you do not need any other
3:47:11time frame. Only trading one pair, which
3:47:14is NQ, and you're doing all of this
3:47:16based off of the London session price
3:47:18action. I'm going to show you exactly
3:47:19what that means. I'm going to show you
3:47:20how to find that if you don't know what
3:47:22to do. I'm going to walk you through
3:47:23every single step here. But it's a
3:47:25simple seven-step checklist that if you
3:47:27follow this checklist, will print you
3:47:29money. This is a proven strategy that
3:47:31has been proven to work month after
3:47:33month as long as you follow the
3:47:35checklist and you don't skip anything.
3:47:37So, let's dive into this checklist. So,
3:47:38the first step is we need to identify
3:47:41what London session is. I'm going to
3:47:43show you guys an example of a quick way
3:47:44to do it. But in simple, we're looking
3:47:47at the price action from when London
3:47:48starts, which is at 3:00 a.m. Eastern
3:47:50Standard Time, all the way up to 9:00
3:47:52a.m. Eastern Standard Time. We're
3:47:54basically going to draw a box around
3:47:56that whole price action or a box around
3:47:58all those candlesticks. Now, the next
3:47:59thing after that is we're going to wait
3:48:01for a 5-minute candle body, meaning the
3:48:03body of the candlestick, to close above
3:48:06or below that high or that low.
3:48:08Basically, we want a candlestick to
3:48:10close outside of the box that we're
3:48:12going to draw. The next step is we're
3:48:14going to take an entry as soon as that
3:48:16candlestick closes. We're doing this on
3:48:18the 5-minute time frame, so we're
3:48:19waiting for a 5-minute candlestick to
3:48:21close outside of that area. Once we have
3:48:24that close, we're entering the trade.
3:48:27Now, for our stop loss, it's very
3:48:28important that you use a stop loss, and
3:48:30the stop loss placement is extremely
3:48:32simple. We're placing the stop loss just
3:48:34below {slash} above the candle that we
3:48:37triggered on. So, if we entered for a
3:48:38buy, and we had a candlestick that
3:48:40closed outside of our zone on the
3:48:42upside, we're putting our stop loss
3:48:44below the candlestick that we entered
3:48:46on. And then vice versa when it comes to
3:48:47sells, if we had a candlestick that
3:48:49closed on the bottom of our zone, then
3:48:51we're putting our stop loss above that
3:48:53candlestick since we entered for a sell.
3:48:55Step five, our take profit is always
3:48:57going to be a two to one. As I mentioned
3:48:59in the beginning of this video, this
3:49:01strategy ensures that every time you win
3:49:03a trade, you're winning twice as much as
3:49:05you were risking, or twice as much as
3:49:07you lost, which means that you don't
3:49:09need to have a high win rate at all. You
3:49:11don't need to win every single trade.
3:49:13You can lose two trades in a row, win
3:49:15one trade, and you're back in profit.
3:49:17Now, there's two more rules to this that
3:49:18you need to follow to make sure that
3:49:19this strategy works for you over a long
3:49:21period of time. You're only taking one
3:49:23entry per day, whichever breaks high or
3:49:25the low first. Meaning, if it goes and
3:49:28closes above our zone that we're going
3:49:31to draw out, and then we enter for a
3:49:33buy, but then it sells down, we lose
3:49:35that trade, and then it goes and closes
3:49:37on the bottom of our zone, we do not
3:49:38take that second trade. This is a
3:49:40one-and-done strategy based off the
3:49:42London session breakout. And then the
3:49:43last rule that you need to make sure
3:49:45that you do focus on is that you don't
3:49:47take any entries after 11:00 a.m. EST.
3:49:51The reason for that is because after
3:49:5311:00 a.m. EST, there's not a lot of
3:49:55volume. And since this is a breakout
3:49:57strategy, we're relying on volume. We
3:49:59need a lot of volume for this strategy
3:50:01to work. And after 11:00, the volume
3:50:04dies out. So, that's why we don't take
3:50:05any entries after 11:00. Now, let's hop
3:50:09into some actual examples so you guys
3:50:10see exactly how to do this. All right,
3:50:12so here we are on the charts. As you
3:50:14see, I already have this area marked up.
3:50:17I told you guys you have to draw a box
3:50:19around the price action that happened
3:50:21during London session. Basically, from
3:50:223:00 a.m. as you see on the bottom of my
3:50:24screen here, from 3:00 a.m. all the way
3:50:26up until 8:00 a.m. which is right here.
3:50:29Now, there's a simpler way to do that.
3:50:31If you go to indicators up here on
3:50:32TradingView and type in kill zones
3:50:35and press on the one made by Oscar VS,
3:50:38this one right here. You'll see on your
3:50:40chart you'll have some lines pop up.
3:50:41Now, my settings have been changed. If
3:50:43you come over here to the drop down and
3:50:45go to settings, you can actually turn
3:50:47off certain things. This is what my
3:50:49settings look like. It really doesn't
3:50:50matter much. Um I just have my New York
3:50:52kill zone on and I have my London kill
3:50:54zone on because that's the time frame
3:50:56that I want to see it. And obviously,
3:50:57you can change the style as far as
3:50:59changing the colors if you want of the
3:51:00lines and things like that. That's all
3:51:02personal preference. But, what this does
3:51:04is it shows you exactly where London
3:51:06session starts and it shows you exactly
3:51:08where New York session starts. So, if
3:51:09you look here on the bottom of my cursor
3:51:11where you see it says Monday, the 14th
3:51:13July or July 14th, 2025, this is at 3:00
3:51:16a.m. Right? Now, if I come over here to
3:51:18when this white line is,
3:51:20that's at 8:00 a.m. And remember, in the
3:51:22rules we're looking for the price action
3:51:24that's happened between 3:00 a.m.
3:51:27and 8:00 a.m. Central Eastern Standard
3:51:30Time, sorry. So, when we have this drawn
3:51:33out, we have now our zone of interest.
3:51:37Now, the next step in our trading is to
3:51:40wait for a 5-minute candle close. As you
3:51:42see, we're already on the 5-minute time
3:51:43frame. We're waiting for a 5-minute
3:51:45candle close above the high or below the
3:51:48low of that London session time.
3:51:52So,
3:51:53as you see,
3:51:54this is 8:00. We have 8:05, 8:10, 8:15,
3:51:58then this 8:20 candlestick we see closes
3:52:02outside of our box here, outside of our
3:52:04zone.
3:52:05That's when we're taking our breakout
3:52:07entry. So, we take an entry right at the
3:52:10close of this candlestick. Since we
3:52:11enter for a buy, we're putting our stop
3:52:13loss below the body of the candlestick
3:52:15that we entered on.
3:52:17And then we're dragging our take profit,
3:52:19as you see we're dragging our take
3:52:20profit until risk / reward ratio says at
3:52:23least 8:2.
3:52:25And as you see, this trade ended up
3:52:27hitting very very fast. It ended up
3:52:29hitting and we ended up winning this
3:52:31trade by 8:30, making and capturing over
3:52:34190 ticks on NQ with a very very simple
3:52:38systematic strategy. Now, let's go over
3:52:40another example for you. So, here we are
3:52:42on another example. Now, what we're
3:52:45going to do, we're going to mark up. You
3:52:46can either use the drawing tool to draw
3:52:49a box
3:52:50around the price action from the high
3:52:52and the low of the London session. Or
3:52:55what you could also do is you can draw
3:52:57lines on the top of it. So, this is the
3:52:58top of the London session, the highest
3:53:00point that price went during London
3:53:02session, during this period. And then we
3:53:04have right here the lowest point that
3:53:07price went during this London session.
3:53:09So, you can draw it just like that or we
3:53:11can draw it as a box. It's really a
3:53:13personal preference. It's going to show
3:53:14you the same exact thing. Now, I want
3:53:16you to notice something. As you see
3:53:17right here on this candlestick, we went
3:53:19above
3:53:20the high of London session, but the
3:53:22reason we didn't enter this trade for
3:53:24buys is because we did not get a
3:53:26candlestick body to close outside of
3:53:29this London high. It wicked outside of
3:53:31it, but the body did not close outside
3:53:33of it. The only time it closed outside
3:53:35of it was right here on this candlestick
3:53:38here at 8:45. We would have entered the
3:53:40trade right here for a sell. Since we're
3:53:42going for a sell, we put our stop loss
3:53:44above the candlestick that we entered
3:53:47in. And then we're dragging this take
3:53:49profit until we reach a two to one risk
3:53:52to reward ratio. As you see, risk/reward
3:53:54ratio is a two-to-one. And this trade
3:53:57won within a couple of minutes as well,
3:54:00and that profited us 325 ticks. Which
3:54:03you could use one contract, depending on
3:54:05the broker, with just $500 inside of
3:54:07your account. This one trade would have
3:54:09made you over $1,600
3:54:11within a couple of minutes just
3:54:13following this super simple systematic
3:54:15strategy. Now, here's another example of
3:54:18the strategy. But as you see, this ended
3:54:21up going extremely high up. It didn't
3:54:23just stop at that two-to-one. And it's
3:54:25crazy that one of my inner circle
3:54:26students actually caught a majority of
3:54:28this move. I'm pretty sure he closed it
3:54:29right up here. So, he was able to make a
3:54:31ridiculous amount of money. Now, as I
3:54:33mentioned, one of my inner circle
3:54:35students actually took this setup and
3:54:37actually sent it to me and showed me how
3:54:39long they held the trade. If I remember
3:54:40right, it was somewhere up here. But
3:54:42it's the same exact setup that we just
3:54:44went over. I can delete all this and
3:54:45draw it up for you guys once again. We
3:54:47have our London high, which the London
3:54:49high is right here. We can drag this
3:54:51across. Then we have our London low,
3:54:53which is right down here. Drag it
3:54:54across. You can draw the box around it
3:54:56if you want to. It's really up to you.
3:54:58Then next, we're just waiting for a
3:55:00close outside of it on the 5-minute time
3:55:02frame. And as you see, on this 8:10
3:55:04candlestick, we actually got a close
3:55:06outside of it. Entry right as soon as
3:55:09the candlestick closes. We're putting
3:55:11our stop loss right below the
3:55:13candlestick that we entered on, and
3:55:14we're going for a simple two-to-one.
3:55:16This trade was hit in less than 10
3:55:20minutes.
3:55:21But as you see, this trade absolutely
3:55:24skyrocketed to the upside. But taking
3:55:26your two-to-one is perfectly fine. And
3:55:28you'll see as you trade this strategy
3:55:31that the results are absolutely amazing
3:55:33as long as you stay consistent with
3:55:35following the rules. Speaking of
3:55:37results, we're going to dive into the
3:55:38exact results that you would have had
3:55:40last month, which is July, if you took
3:55:42this setup every single day when it
3:55:44presented itself, went for your
3:55:45two-to-one, took your one trade a day,
3:55:48and how much money you would have made
3:55:50with this one strategy trading one pair.
3:55:53Let's get into the results. Now, before
3:55:54we hop into these results, I have to
3:55:56give you guys the disclaimer that past
3:55:57results does not guarantee future
3:55:59profits, but these results are
3:56:02absolutely incredible. As you see here,
3:56:04with this strategy, our total P&L in
3:56:06July was $18,600.
3:56:09Now, let me give you guys a little bit
3:56:10of context. These results that you're
3:56:12seeing here is based off of using five
3:56:15contracts per trade. That's it. Just
3:56:17five contracts. And you can open up five
3:56:19NQ contracts with just $2,500 inside of
3:56:22your account, depending on the broker.
3:56:24As you see, we started with $2,500. By
3:56:27the end of the month, we had a total
3:56:30profit of $18,600.
3:56:32As you see, our win rate is 44%, which,
3:56:36if you guys remember, I told you guys
3:56:37every single trade that you take, you're
3:56:39winning two times as much as you lose
3:56:41every time you lose. So, having a 44%
3:56:44win rate with a set two-to-one
3:56:47risk-to-reward ratio is absolutely
3:56:49amazing. And it shows you just how
3:56:52profitable this strategy can be over a
3:56:54long period of time. And you see, during
3:56:57this entire period, we ended up taking
3:56:5818 trades total,
3:57:00where we had eight wins, and we had 10
3:57:03losses. We can scroll down here and
3:57:04actually see um the average
3:57:06risk-to-reward is a 2.02-to-1.
3:57:09The average ideal risk-to-reward, which
3:57:11basically just shows us how much we
3:57:13could have made if we held our trades a
3:57:15little bit longer. But, remember, we're
3:57:17not greedy. We're not here to get
3:57:18greedy. We're going for our two-to-one.
3:57:20We don't need to hit an 11-to-1
3:57:21risk-to-reward ratio every single time.
3:57:23Now, if you come down here, you can see
3:57:24a lot more data as far as the total
3:57:26winners, our best win, our average win
3:57:28percentage, our average duration,
3:57:29meaning each win, on average, we were in
3:57:32the trade for about 32 minutes.
3:57:34Um then you see the losing data here.
3:57:36But, ultimately, this is a absolute
3:57:39killer result using just one strategy.
3:57:42Keep in mind, this is one strategy done
3:57:45one time a day trading one simple pair,
3:57:48which is NQ. And this profit that we
3:57:50made here, the $18,600,
3:57:52this was done with just $2,500. Now, if
3:57:56you leverage funded accounts or prop
3:57:57firms, which is a whole 'nother beast,
3:58:00this number could be drastically higher.
3:58:02But, $18,600 is pretty good money for
3:58:06one trade that maybe takes you 30
3:58:08minutes a day. You're not staring at the
3:58:10screen all day. You're not guessing if
3:58:12this is the right place to put your
3:58:13entry or this the right place to put
3:58:15your stop loss. It's a complete system
3:58:17that's proven that as long as you follow
3:58:19it, you'll be able to see consistent
3:58:21results, which to me just takes the
3:58:24emotions out of trading and makes
3:58:25trading so much easier. All right, if we
3:58:28close above here, we actually have a
3:58:30perfect London breakout setup that would
3:58:33happen.
3:58:34Um so, price closes or the candlestick
3:58:38closes in 30 seconds or so.
3:58:41Let's see if we get a price to close
3:58:42here. It's kind of going back and forth
3:58:44on the line here. This is the London
3:58:46high that we have right here. So, I'm
3:58:48just looking for the body of this
3:58:49candlestick to close above it, but it's
3:58:50going back and forth. Oh, it's actually
3:58:52looking pretty strong now.
3:58:53So, we're about to get a setup here.
3:59:00All right.
3:59:02It's pushing beautifully. I'm just
3:59:04waiting for this candlestick to close
3:59:06and I'll enter in.
3:59:08Boom. I'm in it.
3:59:10Stop loss right below the 5-minute
3:59:12candlestick that we entered on right
3:59:14here. Our take profit is a 2:1, which
3:59:17comes out to
3:59:19991.
3:59:21Right here.
3:59:23And we are in this.
3:59:29This is actually looking pretty solid.
3:59:30We're up 2K right now.
3:59:33>> [clears throat]
3:59:33>> I was actually expecting a a bit
3:59:36higher volume breaking out of here, but
3:59:40I mean, we're in profit. That's all that
3:59:42matters. Cuz this is like a double top
3:59:44as well because we had the high that was
3:59:46broken right here. There's another high
3:59:48right here that was broken. So,
3:59:51um
3:59:53I thought it'd be a much stronger push,
3:59:55but
3:59:56it's okay. We can be patient. Patience
3:59:59is a virtue
4:00:01as the old people say.
4:00:09This bad boy is pushing. This bad boy is
4:00:13pushing.
4:00:15We're up 5K right now.
4:00:17>> [clears throat]
4:00:18>> Excuse me.
4:00:20This is looking very, very, very nice.
4:00:25We still have not had a red 5-minute
4:00:26candlestick yet. Let's go to the
4:00:281-minute.
4:00:31I mean, the 1-minute's looking pretty
4:00:32nice, too. We made market structure
4:00:33above our entry. This blue line right
4:00:35here is our entry.
4:00:37Uh 269.24.
4:00:40So, we made market structure above it,
4:00:42which is nice. I could move my stop loss
4:00:43to break even here, but I don't think
4:00:46I'm going to. I'll just I'll just let it
4:00:48rock out.
4:00:50It's just pushing beautifully, though.
4:00:51This is finally getting that volume that
4:00:53I thought we'd get. What is it looking
4:00:54like on a 15-minute?
4:00:57Gorgeous. Absolutely freaking beautiful.
4:01:01Come on, man. Hit my take profit. Oh,
4:01:03wait. My TP is up here. I don't know why
4:01:05I thought my TP was this green line.
4:01:08Our TP is the red line, so it's still a
4:01:09little ways off, but we're floating in
4:01:11profit fairly nice right now.
4:01:16Cannot complain at all.
4:01:22Oh, we're getting close to TP here.
4:01:24We're up 7K right now. We still haven't
4:01:26not had a red 5-minute candlestick yet.
4:01:33This is absolutely
4:01:35gorgeous. I'm not going to move my
4:01:37stops.
4:01:39I don't think it's necessary. We're
4:01:40basically right at TP. If this reverses
4:01:41now and goes back to entry,
4:01:44I deserve to freaking lose.
4:01:47But,
4:01:48they're not going to do that to me
4:01:50cuz they love me.
4:01:52Right?
4:01:53Right, NQ?
4:01:57The fact that I know NQ just wants to
4:01:59play with me right now and just reverse
4:02:01just because I said something is crazy.
4:02:05That is actually insanity.
4:02:08Come on, just give me my money. It
4:02:09literally stopped like two ticks off
4:02:12of my full boom. I'm sorry I'm sorry.
4:02:15I'm I'm sorry.
4:02:17I'm sorry. I didn't mean to talk crazy
4:02:19about you, NQ. I appreciate it.
4:02:21Beautiful setup here. Super easy.
4:02:24Um all we did was wait for the break of
4:02:26the the London high here. Simple London
4:02:28breakout strategy. The the setup was
4:02:29absolutely gorgeous. We had an entry at
4:02:32the close of the body above London high
4:02:35right here.
4:02:37As soon as we got that, stop loss below
4:02:38the low and went for a two to one and
4:02:40now it's reversing. See, that's fine,
4:02:42NQ. You can do that. I appreciate you
4:02:45giving me my money
4:02:47and then reversing. That's perfectly
4:02:48fine with me.
4:02:50Absolutely beautiful setup, man.
4:02:52Absolutely gorgeous. All right, the next
4:02:55strategy we're about to go over is
4:02:56called my squeeze strategy. It is a
4:02:58strategy that I have been trading since
4:03:01what? 2018,
4:03:042019, somewhere around there. I trade
4:03:06this strategy not just in futures, I
4:03:08trade it in forex, I trade it in stocks
4:03:10heavily. Like heavily in stocks and
4:03:13heavily in crypto, even when I'm trying
4:03:15to swing trade or let's say I want to
4:03:16hold a stock or a crypto and hold it for
4:03:19like a year or something like that, I'm
4:03:21using the squeeze strategy to find my
4:03:22entry. And at the same time, I'm also
4:03:24using it when I'm day trading futures.
4:03:26This strategy is not a scalping
4:03:28strategy. You can be in and out the
4:03:30trade pretty fast. I would say on
4:03:32average you're going to be in and out
4:03:33the trade in like five to five minutes
4:03:37to like an hour, somewhere around there.
4:03:40Um it is fairly passive as well, meaning
4:03:42you can set alerts and not have to be
4:03:44sitting looking at your charts, but just
4:03:46know when it happens, it happens. So,
4:03:49you just need to be I guess efficient at
4:03:51using your alerts, that way you don't
4:03:52have to sit here at your charts and wait
4:03:55for the setup to happen. It's an amazing
4:03:56strategy. I'm going to dive super
4:03:58in-depth in it inside of this video. It
4:04:01was one of my favorite strategies when I
4:04:02was first getting started trading. Now,
4:04:05I do trade it like I said very
4:04:06frequently as well, and I use it as
4:04:08extra confirmation when I want to hop
4:04:10into trades. And then like this is
4:04:13solely the reason why my stock and my
4:04:16crypto portfolio is doing so well. It's
4:04:18because I literally just use this
4:04:19strategy when I am trading those things.
4:04:22So, super excited to share it with you
4:04:23all.
4:04:24>> [sighs and gasps]
4:04:25>> Let's get into it. I'm giving y'all all
4:04:26the sauce, man. I'm giving you guys all
4:04:29the gems.
4:04:30Smash the like button. I haven't asked
4:04:32for that in like freaking years, but I'm
4:04:34just realizing I'm giving you guys all
4:04:35the game, and I'm happy to do it. So,
4:04:38yeah. Use the strategy, absolutely kill
4:04:40it. Let's walk through how to do it. All
4:04:42right, so here we are on the charts.
4:04:44Now, this strategy is called the squeeze
4:04:46breakout strategy. It is a breakout
4:04:48strategy that relies on momentum,
4:04:50volume, and following the overall trend.
4:04:53Now, it's a simple six-step checklist
4:04:56that I use to personally trade this
4:04:58strategy, and it has allowed me to print
4:05:00money. And it doesn't matter what
4:05:02markets I'm trading in. I could be
4:05:03trading forex, crypto, stocks,
4:05:07uh futures, really anything. This
4:05:09strategy absolutely kills it for me, and
4:05:11I'm going to go over a bunch of examples
4:05:13of them on a a bunch of different
4:05:14markets just to prove that to you guys,
4:05:16and these are actual trades that I have
4:05:18taken. We're going to go over those
4:05:19examples a little bit later on inside of
4:05:21this video. But, I'm going to run
4:05:23through this checklist really quickly.
4:05:24We're going to go through it, then I'm
4:05:25going to show you exactly what all this
4:05:27looks like and means on the actual
4:05:29chart. Then, I'm going to go through all
4:05:30the examples to make sure that you guys
4:05:32fully understand exactly what it is that
4:05:33I do to catch the squeeze breakout
4:05:36strategy setups. So, the first step is I
4:05:39start on the 1-hour time frame. Now, I
4:05:41can personally use regular candlesticks
4:05:43or Heikin-Ashi candlesticks. Now, for me
4:05:46honest with you, it's a lot easier to
4:05:47find these trends using Heikin-Ashi
4:05:50candlesticks, but if you're not familiar
4:05:51with Heikin-Ashi candlesticks, then
4:05:53using regular candlesticks is fine as
4:05:54well. But, we're going to be on the
4:05:551-hour time frame. And basically, all
4:05:57we're looking for is we're looking for
4:05:59price to form lower highs and higher
4:06:02lows at the same exact time. And what
4:06:04that ends up doing is forming a squeeze
4:06:06or a triangle type pattern. So, what
4:06:09we're looking for, as I just mentioned,
4:06:11is we're looking for price to create
4:06:12lower highs. So, imagine this is price.
4:06:14Price comes up here. We're creating
4:06:17lower highs. Right? So, this high right
4:06:19here is going to be lower than this
4:06:21previous high. We're also looking for it
4:06:23to be creating higher lows. So, this is
4:06:25the first low. Price could create a
4:06:28higher low here, then another lower
4:06:30high, then another higher low here. And
4:06:32then ultimately, this keeps happening
4:06:34and price ends up breaking to the
4:06:36upside. This is what we're looking for.
4:06:38This right here is a high. This is
4:06:40another high. This high right here is
4:06:43lower than this high, which means we are
4:06:45making lower highs. Same thing right
4:06:47here. This is a lower here. This is
4:06:49another low. So, this low right here is
4:06:52creating a low a higher low than this
4:06:55low. That's what we want to see. And if
4:06:57you look right here, you can easily see
4:06:59if we draw trend lines and connect the
4:07:01dots basically,
4:07:03that when we connect the dots on the top
4:07:05and when we connect the dots on the
4:07:07bottom, we're forming a triangle. That's
4:07:10what I want to see. That is that squeeze
4:07:11because what ends up happening is price
4:07:13gets closer and closer inside of this
4:07:15triangle or inside of this squeeze. and
4:07:17when it breaks out of here, it usually
4:07:19has very, very strong breakouts. And
4:07:21that's the moves that I am catching, and
4:07:23that's what's allowing me to print money
4:07:25with this strategy. So, that's step one.
4:07:28Step two is to draw your trend lines.
4:07:30Remember, step one is just to go on the
4:07:321-hour time frame and look for those
4:07:34lower highs and those higher lows to be
4:07:35formed. Next, you're going to want to
4:07:36draw those trend lines, basically
4:07:38connecting the higher highs with one
4:07:40line, and also connecting the higher
4:07:41lows with another, which is the same
4:07:43exact thing that I did here. I connected
4:07:45the lower highs with this upper trend
4:07:47line, and I connected the uh higher lows
4:07:50with this lower trend line right here,
4:07:52this white trend line. That is step two.
4:07:54Basically, just connecting the dots at
4:07:55that point. Now, the next thing, and
4:07:57this is one of the most important things
4:07:59that allows me to be able to trade this
4:08:00strategy with less than 30 minutes a
4:08:02day, is we set alerts. Here on
4:08:04TradingView, if you use TradingView, you
4:08:06have the option, which is one of my
4:08:08favorite things to do and use on
4:08:10TradingView, that is to set alerts. Now,
4:08:13what I usually do is on the trend line,
4:08:16once you've connected dots, you can
4:08:17actually right-click on this trend line
4:08:19and press add alert. And what that'll do
4:08:22is you can actually set this up, if you
4:08:23go to notifications, to notify you in
4:08:26app and to play a sound. So, play a
4:08:28sound on my computer, it just makes a
4:08:29noise, and I know, okay, price is at my
4:08:32trend line. So, I should probably start
4:08:33looking at my charts. You can also check
4:08:35this here to notify you in app. So, if
4:08:37you have the TradingView app on your
4:08:39phone, it'll actually send you a post
4:08:41notification straight to your phone, and
4:08:43that's what I use. That way, if I'm out
4:08:45and about, if I'm hanging with my
4:08:45family, if I'm um swimming in the pool,
4:08:48if I'm doing anything, I can get
4:08:49notified to my phone to be like, okay,
4:08:51now price is getting close to my trend
4:08:53line. Now, it's going to be close to the
4:08:55time to start taking action and actually
4:08:57start taking trades. This is what allows
4:08:59me to be able to trade this strategy in
4:09:01less than 30 minutes a day. So, that's
4:09:03step three. Step four is we have to wait
4:09:05for at least two rejections on both the
4:09:07top and the bottom trend lines. And
4:09:10basically, all that means is that we can
4:09:12candles moving away with force. And
4:09:13we'll go over some real examples of what
4:09:15that looks like so you guys know exactly
4:09:17what
4:09:18that is and what what you're looking
4:09:20for. But in simple, you see how we drew
4:09:22this trend line to the downside where we
4:09:24had multiple touch points. So, this is a
4:09:26touch point on this trend line. This is
4:09:28another touch point. This is another
4:09:29touch point. This is another touch
4:09:30point. Same thing on the bottom one. We
4:09:32have a touch point here, a touch point
4:09:34here, and a touch point here. Now,
4:09:36basically, these are all touch points.
4:09:38We need to see at least two of these
4:09:40touch points on the top and then two on
4:09:43the bottom trend line. That's what gives
4:09:44us a valid squeeze. If we just have we
4:09:47can have three touches on the upper
4:09:48trend line, but if we only have one
4:09:50touch on the bottom trend line, that's
4:09:52not a squeeze and that's not a setup
4:09:53that I would personally take. So, we
4:09:55need to see at least two strong
4:09:58rejections on both the top and the
4:10:00bottom trend lines that we drew.
4:10:02Now, step five is we're actually going
4:10:05down to the 1-minute time frame to look
4:10:07for our entries. Remember this whole
4:10:08time, we're drawing our trend lines,
4:10:10looking for our touch points, and adding
4:10:12our alerts on the hourly time frame.
4:10:14When we're entering, we're entering on
4:10:16the 1-minute time frame. So, entry
4:10:18setup, we're waiting for a trend line
4:10:20break and a break of the most recent
4:10:23swing high {slash} swing low that
4:10:25touched the line. And we're entering
4:10:27immediately both conditions are met.
4:10:29Now, simply, all that means is remember,
4:10:32we're waiting for price to break out of
4:10:34our trend line, but we're also waiting
4:10:37for it to break above a recent swing
4:10:40high, which would be right here, or a
4:10:42recent swing low, which would be right
4:10:43here. We're not entering the trade just
4:10:46when price breaks the trend line. Let's
4:10:48say we're looking for buys here. We
4:10:49wouldn't enter a trade as soon as price
4:10:51breaks above this trend line. It would
4:10:53have to break outside this trend line
4:10:55and it would have to break above the
4:10:57most recent high that touched the trend
4:10:59line. So, our entry would be above here,
4:11:02and we'll get into where we place our
4:11:03stop loss in a second, but you can place
4:11:05your take profit at recent highs and
4:11:06recent lows, but that's where we're
4:11:08looking for entries. And then vice versa
4:11:10for sells. We don't enter just because
4:11:13price broke below our trendline, right?
4:11:16We wouldn't enter right here. We have to
4:11:17wait for it to break below our trendline
4:11:20and below the most recent point that
4:11:22touched the trendline. So that would be
4:11:24right here. So then, once it breaks
4:11:26outside the trendline and below the most
4:11:29recent low that touched the trendline,
4:11:30we can enter for a sell opportunity here
4:11:33and target wherever we want to target
4:11:35our stop loss wherever we want to put
4:11:36our stop loss. But that is the entry
4:11:38criteria. Remember, we're going down to
4:11:39the 1-minute time frame for that.
4:11:42Now, step six is for our stops, our stop
4:11:45losses, and our take profits or our
4:11:47targets. We're placing our stop loss
4:11:49just beyond the most recent swing high
4:11:51{slash} swing low before entry. And
4:11:54we're placing our take profit at the
4:11:56most recent 1-hour swing high or low.
4:11:59That's usually what I do when it comes
4:12:01to this strategy. Now, I'll show you
4:12:04guys exactly what that looks like as far
4:12:05as where to place your stop loss.
4:12:06Remember, we're doing all that on the
4:12:071-minute time frame. And then for our
4:12:09entries, we're looking at the 1-hour
4:12:10time frame. So that's in simple my
4:12:13six-step strategy that has allowed me to
4:12:16print money in any market conditions, in
4:12:19any markets. No matter if I'm trading
4:12:20crypto, forex, stocks, options, no
4:12:23matter what it is, this strategy
4:12:25absolutely kills it for me. Now, let's
4:12:27hop into some real examples so you guys
4:12:28can see what this looks like in motion
4:12:31and in the real world. All right, so
4:12:33here we are on NQ, which is a futures
4:12:35pair. We're just going to do this
4:12:36example on NQ. We're going to have
4:12:37examples on ES as well, on Ethereum, and
4:12:41we're also going to have examples on a
4:12:42stock called Palantir. So, as you see,
4:12:45we're already on the 1-hour time frame.
4:12:47I mentioned to you guys that you can do
4:12:48this on the regular candlesticks, or you
4:12:51can do this on Heikin-Ashi candlesticks.
4:12:53Right now, I'm on regular candlesticks.
4:12:55I'll show you guys an example on
4:12:56Heikin-Ashi candlesticks in the next
4:12:57example. But what I want you guys to see
4:12:59here is you see we have price trending
4:13:01to the downside. We're creating lower
4:13:03highs. We have multiple touch points.
4:13:05First high was here, lower high right
4:13:07here, lower high right here, lower high
4:13:09right here, another one, another one,
4:13:11and another one. So, this is 1 2 3 4 5 6
4:13:147 touches on this upper trend line here,
4:13:17right?
4:13:18That's one step that we want. We need to
4:13:20see price creating lower highs on the
4:13:21hourly time frame. But, then we also
4:13:24need price to be creating higher lows at
4:13:27the same exact time. And if you see
4:13:28here, we have one touch point right
4:13:30here, another touch point right here,
4:13:32another touch point right here, and
4:13:34another touch point right here. We have
4:13:35four touch points on this lower trend
4:13:38line right here that is showing us that
4:13:40price is also at the same time creating
4:13:43higher lows. So, we have our higher high
4:13:46our lower highs being created here. And
4:13:49then on the bottom trend line, we have
4:13:50our higher
4:13:51lows being created. And as you see, I
4:13:53already drew this trend line. Now, I
4:13:55told you guys that this strategy takes
4:13:56about 30 minutes for me to do, and
4:13:58that's because in the mornings, all I'm
4:14:00doing is looking for these trend lines
4:14:02to be formed. I'll draw out my trend
4:14:05lines. I'll connect the dots. I'll right
4:14:07click on my trend line. Set my alerts,
4:14:09and I'm walking away. All I'm waiting
4:14:11for price to do at that point is to
4:14:13touch either of these trend lines
4:14:14because I know that no matter what price
4:14:17does inside of my trend lines, I'm not
4:14:19taking any trades. I'm not looking for
4:14:20anything. I don't care about any of the
4:14:22price action that price is making in
4:14:24between these in inside of my triangle
4:14:27basically that I made or inside of these
4:14:29trend lines that I made. I only care cuz
4:14:31I'm only looking for entries when price
4:14:33breaks outside of my trend lines and
4:14:35breaks the most recent swing low or most
4:14:37recent uh swing high if I'm looking for
4:14:39buys.
4:14:40So, I'll set my alerts. I'll walk away.
4:14:43Now, let's say I get my alert to go off.
4:14:45So, let's say we fast forward just a
4:14:47little bit, right?
4:14:49Let's say we skip forward.
4:14:53Price is still inside of my triangle, so
4:14:54I'm not looking for anything. Right
4:14:55here, I would have my alert would have
4:14:57went off. I would have gotten notified
4:14:59that price touched my trend line. So,
4:15:01now I can come back to my computer or I
4:15:02can check on my phone and be like,
4:15:04"Okay, we now potentially might have an
4:15:06entry." But, as you see here, price
4:15:09broke out of my trend line here, but I
4:15:11didn't enter because we have to wait for
4:15:14price to break below a most recent swing
4:15:17low as well as outside of my trend line.
4:15:21In this instance, it would have to break
4:15:22below this most recent swing low because
4:15:25this is the most recent swing low that
4:15:26tapped our trend line. So, this most
4:15:29recent swing low tapped our trend line.
4:15:31We put a I usually put a another line
4:15:33right here that lets me know that I'd be
4:15:35looking for sales as soon as price
4:15:37breaks below this area.
4:15:39And then once I have that, now it's a
4:15:40waiting game. I go down to my 1-minute
4:15:42time frame.
4:15:44I'm waiting for price to then come
4:15:46break below this white line. I'm setting
4:15:48my entry point right below that white
4:15:50line.
4:15:51Let's see. As price moves forward,
4:15:54we still haven't got a break of that
4:15:56white line yet.
4:15:57And then price price finally breaks that
4:15:59white line right here at 8:31
4:16:03in the morning. Now, for my entry, I
4:16:05told you guys this is where I entered
4:16:07at. Now, the stop loss, if you guys
4:16:08remember from the checklist, is always
4:16:10above, if I'm in sales, it's always
4:16:13above the most recent swing high before
4:16:15I entered my trade. Now, it's vice versa
4:16:17if I'm looking for buys. My stop loss is
4:16:19going to be below the most recent swing
4:16:21low
4:16:22if I'm looking for buys. In this
4:16:24instance, we're looking for sales. So,
4:16:26the most recent swing low
4:16:28is right up here. Sorry, the most recent
4:16:30swing high is right up there. So, what
4:16:33I'm going to do is I'd have my entry
4:16:34here. I'd have my stop loss above this
4:16:38recent swing high up here.
4:16:40And then I'm targeting recent swing lows
4:16:43on the hourly time frame. So, if I go to
4:16:44my hourly time frame, I could be
4:16:46targeting
4:16:48uh the swing lows that are right down
4:16:49here. I could be targeting this swing
4:16:51low, this one right here, or this one
4:16:53right here. Let's just say that I target
4:16:55the swing low that's right here, which
4:16:56is the most recent one on the hourly
4:16:58time frame. Let's go back to the my
4:16:591-minute time frame.
4:17:01As you see, this is about a 3:27
4:17:043.27 risk-to-reward ratio, which simply
4:17:07means that for every dollar I risk, I'm
4:17:10going to make $3.27
4:17:13on that trade. So, let's say I risk uh
4:17:15$1,000 on this trade. If this trade hits
4:17:17my full take profit, I would make
4:17:19$3,027.
4:17:21And if I risk 10,000, I'd make $30,027.
4:17:25Uh if I risk 100 bucks, I'd make 327
4:17:27bucks. That's simply all risk-to-reward
4:17:28ratio means. But, let's see how this
4:17:30plays out. Price sold down, continue to
4:17:33sell down.
4:17:34Bought up a little bit. We can fast
4:17:36forward this.
4:17:39And we see price ultimately ended up
4:17:41hitting our full take profit here, and
4:17:44this is a winning trade. And that's all
4:17:46by following the simple six-step
4:17:49checklist that I just pointed out for
4:17:52you guys and just went over for you
4:17:53guys. But, let me give you guys a couple
4:17:55more examples of trades that I have
4:17:56taken so you guys can be sure to
4:17:58understand exactly what I did and how
4:18:00it's been able to generate me consistent
4:18:02profits. All right, so here we are on
4:18:04ES. We see the exact same thing. We're
4:18:06on the 1-hour time frame. We have a
4:18:09rejection right here, a rejection right
4:18:11here, and another rejection right here,
4:18:13actually, where you see we're creating
4:18:14lower highs. And then on the bottom, you
4:18:17see we're creating higher lows. So, we
4:18:19have a low here, we have a higher low
4:18:20right here, we have a higher low right
4:18:22here, and we actually have a higher low
4:18:23right here. So, we met the criteria of
4:18:26creating lower highs and higher lows at
4:18:28the same time. We have at least two
4:18:30rejections on both the upper trend line
4:18:32and the bottom trend line, as you see.
4:18:34Our next step is to go down to the
4:18:361-minute time frame. Let's just hit this
4:18:39replay feature so we can go back and see
4:18:40exactly what it is that I was looking
4:18:42at.
4:18:43So, we see price had rejected off of
4:18:46here. So, now we have our entry point.
4:18:49So, we know we're not just entering when
4:18:50price breaks below a trend line, but it
4:18:52also needs to break the most recent
4:18:54swing low that touched the trend line
4:18:56first, and then we'll get an entry. And
4:18:58that most recent swing low is right
4:19:00here, right? So, once it breaks below
4:19:02the trend line and this most recent
4:19:04swing low, we'd enter our self into the
4:19:07trade. So, let's see.
4:19:09Here, we just got an entry right on this
4:19:11candlestick. You see this one that
4:19:13wicked down? Our stop loss is always
4:19:15going to go above the most recent swing
4:19:17high if we're going for sales. In this
4:19:19instance, we are going for sales.
4:19:21So, this stop loss goes above here as
4:19:24that's the most recent swing high on the
4:19:251-hour time on the 1-minute time frame.
4:19:28But then, we're going to go to the
4:19:291-hour time frame and look for a most
4:19:30recent swing low, which is right down
4:19:32here. That's what we're targeting. As
4:19:34you see, that's where my take profit is.
4:19:36This is a 2.6:1 risk-to-reward ratio.
4:19:39Now, we can see how this plays out.
4:19:42Price continued to drop down, sell down,
4:19:44and you'll see that price ultimately
4:19:46ended up hitting our full take profit
4:19:48right here
4:19:49on ES following the same exact six-step
4:19:53checklist that we just went over. And
4:19:55this is on a completely different pair.
4:19:56Now, let's go over another example. So,
4:19:59here we are on Ethereum, which is
4:20:00crypto. I told you guys that I use this
4:20:03regardless of what market I'm trading,
4:20:05stocks, crypto, futures, anything,
4:20:08right? And here on Ethereum on the
4:20:101-hour time frame, and we can see that
4:20:12price is trending to the downside.
4:20:15And it's also trading to the upside. So,
4:20:18we're creating lower highs, and we're
4:20:21also creating higher lows at the same
4:20:22exact time. Now, next what we're looking
4:20:25for is an entry. We're looking for price
4:20:27to break above the trend line to the
4:20:29upside or below the trend to the
4:20:31downside. Now, I want you guys to notice
4:20:33here if we go to the 1-minute time
4:20:34frame, price already broke out of the
4:20:36trend line here. But the reason that we
4:20:38did not enter this specific trade is
4:20:41because price never broke the most
4:20:43recent swing low that tapped our trend
4:20:45line. If we look right here, I'll use a
4:20:47horizontal line.
4:20:49This is the most recent swing low right
4:20:51here. Price never broke that. Even
4:20:53though we broke out of the trend line,
4:20:55we still didn't take sales simply for
4:20:56the reason that price did not break
4:20:59below the trend line. So, if you are
4:21:00trading this strategy,
4:21:02you cannot skip any of the rules. You
4:21:04can't just enter as soon as price breaks
4:21:06outside of the trend line. That does not
4:21:08work. We have to wait for it to break
4:21:10outside of the trend line as well as
4:21:12below the most recent swing low. So,
4:21:14let's just fast forward just a little
4:21:16bit cuz right now we're still waiting
4:21:18for price to break below this uh trend
4:21:19line to the downside. I was waiting for
4:21:21price to break towards this trend line
4:21:22to the downside so I can enter for
4:21:23sales, but then price actually ended up
4:21:26start starting to buy up. So, then I was
4:21:29looking for buy at this point. And
4:21:30remember, I have to wait for not only
4:21:32price to break above the most recent
4:21:34trend line, but also above the most
4:21:37recent swing high. So, this is the most
4:21:39recent swing high at this point. So, I'm
4:21:41looking for buy opportunities when it
4:21:43breaks above this white line right here.
4:21:45So, let's see what price ends up doing.
4:21:49So, here as you see on this candlestick,
4:21:51price broke above both of these lines,
4:21:53the trend line and the most recent swing
4:21:55high, which is that upper white trend
4:21:57line for me.
4:21:58So, I would have entered right here.
4:22:00Stop lot Why I did enter right there?
4:22:02Stop loss is below this swing low right
4:22:04down here.
4:22:06And then we're going to the hourly time
4:22:07frame and we're targeting some recent
4:22:09swing highs. So, recent swing high is
4:22:11right up here. This is a 2.6 to 1 risk
4:22:14to reward ratio. And as you see, this
4:22:17trade
4:22:18ended up hitting full take profit very,
4:22:20very simply. Now, I mentioned to you
4:22:22guys in the beginning of this video that
4:22:25the reason why this strategy works so
4:22:26great for me is because when price is
4:22:29squeezing inside of this triangle or
4:22:30making this squeeze pattern,
4:22:32the closer it gets inside of the squeeze
4:22:33pattern, the further out it's going to
4:22:36break. As you see, we were in this
4:22:38triangle, we're in this squeeze pattern,
4:22:40and when it broke out of here, look how
4:22:42strongly it broke out of here. Look how
4:22:43big these candlesticks are to the upside
4:22:46in comparison to the candlesticks that
4:22:47were inside of this trend line. That
4:22:49just goes to show you that trading in
4:22:50the direction of the trend and using
4:22:52momentum and volume combined with
4:22:54breakouts is absolutely overpowered, and
4:22:58that's why this strategy has been able
4:22:59to print me money consistently. And this
4:23:02is trading crypto. Now, let's go to
4:23:04another example just to truly solidify
4:23:06this so you guys fully understand
4:23:07exactly what you're looking for, when to
4:23:09enter and when not to enter it. All
4:23:11right, now here we are on Palantir,
4:23:13which is a stock. Now, this is the exact
4:23:15same setup that we just took on NQES and
4:23:18Ethereum. This is a trade that I had
4:23:19taken in July here on Palantir. Exact
4:23:22same six-step checklist, right? So, we
4:23:25have multiple taps on our upper trend
4:23:27line. We're creating higher lows, sorry,
4:23:29lower highs on our upper trend line
4:23:31right here, right here, right here.
4:23:33We're also creating higher lows on our
4:23:35lower trend line.
4:23:37Well, a tap right here. Actually, the
4:23:38trend line starts right here. So, we
4:23:39have a tap here, tap here,
4:23:41tap right here, and a tap right here.
4:23:43Now, next thing is I put my alerts. So,
4:23:46I put my alerts on the trend line
4:23:48just so I can get notified when price is
4:23:50getting close to my trend line so I can
4:23:52start looking for entries. Now, as price
4:23:55goes on, as you see right here at this
4:23:578:00 candlestick, we had a huge bullish
4:23:59candlestick, but it we were on the
4:24:001-minute time frame, well, I was on the
4:24:011-minute time frame looking for entries
4:24:04here. Now, basically, we didn't just
4:24:06enter as soon as price broke above this
4:24:08trend line, but we entered as soon as it
4:24:09broke above the trend line and the most
4:24:11recent swing high, which was right here.
4:24:14So, our entry was right here.
4:24:16Our stop loss was below the most recent
4:24:18swing low, which is right here.
4:24:20And at this point, this is a little
4:24:23different example because we were kind
4:24:24of at all-time highs with Palantir, and
4:24:26it was targeting the most recent swing
4:24:28high was all the way up here. This is
4:24:30the most recent swing high, but I
4:24:32figured that this stock specifically
4:24:34that I didn't mind holding it longer and
4:24:35I thought that it would kind of go much
4:24:37past its all-time highs. So, I kind of
4:24:39ended up trailing my take profit. But,
4:24:41in this instance, according to um the
4:24:44checklist, we would target this high up
4:24:45here. And that's perfectly fine. We can
4:24:47go with this example.
4:24:48We were on our 1-minute time frame,
4:24:50enter the trade here, was holding this
4:24:51trade. We can see exactly how this
4:24:54played out. Now, as you can see, price
4:24:56ultimately ended up hitting full take
4:24:58profit here and actually ends up going
4:25:01up much further.
4:25:03Um and I held it I'm I forget exactly
4:25:06where I gotten out for this specific
4:25:07setup that I had.
4:25:09Um but, I I held it a little bit longer.
4:25:11But, this strategy hit TP fairly quickly
4:25:14and fairly smoothly using exact same
4:25:17squeeze strategy that we just went over
4:25:19on all the other pairs. All right, we
4:25:21might get our entry here on this squeeze
4:25:23now. I'm putting a buy stop here.
4:25:28I got a buy order right up above the
4:25:30break outside of this squeeze here.
4:25:33Let's see if we can get this entry.
4:25:37Come on.
4:25:43All right.
4:25:44I am now in the trade. My stop loss is
4:25:46below
4:25:48the candlestick. Going for two to one
4:25:51right now, which comes out to about a
4:25:5449700.
4:25:57Right here.
4:25:58All right, let's see if we can hold this
4:25:59bullish momentum. We've been going
4:26:00fairly nicely here. This is the setup
4:26:02that we're seeing here. So, obviously,
4:26:04we have multiple rejections on the lower
4:26:06trend line. So, one, two, three, four
4:26:09rejections on this lower trend line.
4:26:11If we zoom out, we can see that on the
4:26:13micro, as far as the last
4:26:15uh
4:26:16few days or so, we have been trending to
4:26:18the downside. But, we did break this
4:26:19major high right here. You see we broke
4:26:22it. There was a major high right here.
4:26:25We broke it and now we're we're have a
4:26:27squeeze to the upside. So I'm hoping
4:26:28that we continue on this bullish
4:26:30momentum after having
4:26:33bottomed out here. Hopefully. If we look
4:26:36on a higher time frame, you can actually
4:26:37see it a little bit better.
4:26:40So, that's what I was saying on the
4:26:42micro we've been in a downtrend, but
4:26:43overall as we are zooming out, we can
4:26:46see we are on a obvious uptrend here.
4:26:48And then price bounced off this low,
4:26:50which lines up with where this low
4:26:52bounced off last time and this
4:26:54candlestick with off as well. So, um I'm
4:26:57looking to just catch this and keep this
4:26:59squeeze to the upside here.
4:27:02So, uh yeah, multiple rejections on the
4:27:05lower trend line, two rejections on the
4:27:07upper trend line, one rejection here,
4:27:09one rejection here. Now we just need
4:27:11some strong price action to the upside
4:27:13here.
4:27:16So that we can um
4:27:19hopefully ride this bad boy up and not
4:27:21have to sit here for 3 hours
4:27:23just for it to go back to our freaking
4:27:25stop loss.
4:27:30All right, we are having a nice push out
4:27:31of here. We're up 1,800 right now.
4:27:34Looking pretty solid.
4:27:40I'm just going to hold this
4:27:41um
4:27:42>> [snorts]
4:27:42>> pretty strong here. I'm not going to
4:27:43trail my stop loss, I don't think at all
4:27:45on this trade. We have a few different
4:27:46take profit levels. We've already hit
4:27:48TP1, which is right at this level right
4:27:51here.
4:27:52Next TP would be in this general area,
4:27:55so around the 651s area, 49651 area.
4:27:58Then full TP is obviously at 49700.
4:28:03>> [sighs]
4:28:04>> I think if it hits TP2
4:28:06up here, I would look to potentially
4:28:09move my stop loss to break even. Only
4:28:10reason is cuz we sold off. Last time we
4:28:12were up here, we sold off very heavily
4:28:14as you see these three big red
4:28:16candlesticks. But um
4:28:19we shall see. I might just hold this
4:28:20though.
4:28:21I really don't like messing with my
4:28:22trades. A lot of people always ask me,
4:28:24"Oh, do I like trail my stop loss? Do I
4:28:27scale out of my positions?" No, not
4:28:29really. I kind of I just let my trades
4:28:31rock. So, either it hits my stop loss or
4:28:33it hits my take profit. That's just
4:28:35how I like to trade, uh simplest way
4:28:37possible.
4:28:39Um it's just what I've what's worked for
4:28:41me over the last
4:28:429 years that
4:28:44I've been doing this. There was a period
4:28:46where I used to scale out of contracts,
4:28:48but it's just for me
4:28:50it's not worth it. The mental stress of
4:28:53it.
4:28:54Cuz you get Excuse me, dang.
4:28:56It's been a long night. But, you get
4:28:59um
4:29:00hesitant to the point where when you're
4:29:02scaling out of trades, you're like,
4:29:03"Dang, it hit my full take profit if I
4:29:04held my entire position." You start
4:29:06doing math in your head like, "Oh, I
4:29:08made $4,000, but if I didn't scale out,
4:29:10I would have made $10,000." And for me
4:29:12personally, it's not worth the back and
4:29:14forth. I'd rather just let it hit my
4:29:15stop loss than my let it hit my TP. Now,
4:29:18sometimes I will move my stop loss to
4:29:19break even, but
4:29:21uh most of the time, like I said, I just
4:29:23let it kind of rock. Right now, it's
4:29:24still looking pretty solid. We're up 2K
4:29:25right now.
4:29:27So, almost halfway to full TP.
4:29:32All right, we're still looking nice
4:29:33here. We're up 3,800. We saw 4K at one
4:29:36time. Uh we still have not had a
4:29:37pullback to the downside on the 5-minute
4:29:39time frame, which does make me a little
4:29:41bit hesitant because markets like to rip
4:29:44up and then rip down. So, I'm hoping we
4:29:46don't
4:29:47have that rip down part. At least not
4:29:49until we hit our TP. We are
4:29:52um not too far off from it. What, 30 33
4:29:55ticks away from our full TP here.
4:29:57So, I'm just going to continue to hold
4:29:59this. It's looking pretty solid so far.
4:30:00Really nice breakout out of here. If we
4:30:02look on the 30-minute time frame, it's
4:30:04looking very strong. We can look on the
4:30:0515-minute as well. It's looking very,
4:30:07very strong. We got a close outside of
4:30:09our squeeze area right here, which is
4:30:11really nice. And then we are still
4:30:13pushing to the upside, which is a very,
4:30:15very strong
4:30:16sign here.
4:30:18So, yeah.
4:30:20Hopefully, we get paid today.
4:30:27So, we're getting pretty close to our
4:30:29take profit here. Our take profit's up
4:30:31here. Um we had a big sell-off right
4:30:33here, but price still didn't even come
4:30:36back down to our entry. My I still
4:30:37haven't moved my stop loss. When I see
4:30:39something like this, this does give me
4:30:41more confidence though to move my stop
4:30:42loss to break even. So, that's what I'm
4:30:43going to do.
4:30:45Um that way this is a risk-free trade
4:30:47now, but again, you don't really have to
4:30:49move your stop loss. It's just we
4:30:51created a new high, sorry, a new low
4:30:54above my entry point. So, that's a good
4:30:56sign. Because if price breaks this low,
4:30:58it's most likely going to go all the way
4:30:59down either way. So, I might as well get
4:31:01out at break even.
4:31:02Um but we're getting pretty close to our
4:31:04take profit here. Hopefully, we can hit
4:31:05it soon because I do have to leave my
4:31:09house in a bit, and I want to be able to
4:31:11record this video so I can have it.
4:31:14Um
4:31:16but if I have to leave, then that will
4:31:17not happen. I got about 20 minutes left.
4:31:20If this doesn't hit in 20 minutes, then
4:31:21YM hates me, and we will forever have
4:31:23beef.
4:31:24But it's okay.
4:31:26YM will not do that to me.
4:31:31We are right there. Just give me my
4:31:33money, Yian.
4:31:35Give me my money, Yian. Here we go.
4:31:37Boom. Boom. Beautiful. Beautiful.
4:31:40$5,355
4:31:42trade here on Mr. YM. Super simple
4:31:46squeeze strategy here. Uh as I was
4:31:47telling you guys in the beginning,
4:31:50when I first took this trade, hold on.
4:31:52Yeah. When I first took this trade, uh 1
4:31:542 3 4 rejections on this bottom line
4:31:56right here. Then we had our uh upper
4:31:59trend line. So, 1 2 rejections at our
4:32:01upper trend line. We simply just waited
4:32:03for price to not just break outside of
4:32:05the
4:32:06the trend line, but also break that most
4:32:08recent high, which is right here. As
4:32:10soon as it did that, we entered
4:32:11ourselves into the trade. Stop loss was
4:32:13right below the candlestick that we
4:32:15entered on on the 5-minute time frame,
4:32:17and I went for a simple two to one, and
4:32:19that was a beautiful TP cuz now you see
4:32:21it's reversing. Um
4:32:23But yeah, squeeze strategy has killed it
4:32:26once again, and now I got to go get
4:32:27ready to leave my house. I appreciate
4:32:30you, I am. We live to trade another day.
4:32:33All right, now I want to be real with
4:32:34you for a second. The strategies that we
4:32:35just went over, the strategies I just
4:32:37walked you through, they aren't theory
4:32:39strategies. These aren't some made-up
4:32:41strategies that I read about in some
4:32:43book. These are the exact strategies
4:32:45that I personally use every single month
4:32:47to make six-figures. They're the same
4:32:50exact strategies that I'm executing on
4:32:51with my inner circle traders live every
4:32:54single morning, and that they're using
4:32:56to help us all change our lives. Now, if
4:32:59you don't know what my inner circle is,
4:33:00let me break it down for you really
4:33:02quickly. So, my inner circle is
4:33:04something that I've built that,
4:33:05honestly, I wish I had when I first
4:33:07started off trading. It's something that
4:33:09would have saved me over three years of
4:33:11losses, years of frustration, years of
4:33:13trial and error, and probably tens of
4:33:15thousands of dollars from figuring it
4:33:18all out on my own. Inside the inner
4:33:19circle, I basically take you
4:33:21step-by-step to learn how to trade
4:33:23exactly how I trade. You get to not just
4:33:25learn how I trade, but you get to take
4:33:27every single trade that I take right
4:33:29when I take it. We trade live every
4:33:31single Monday through Friday. I'm
4:33:33sending out real-time alerts the second
4:33:36that I take a trade, I send it out to
4:33:38you so you'd be able to hop into it with
4:33:40me. You also got access to all of our
4:33:41other coaches in there to help you in
4:33:43literally whatever way possible. You
4:33:46also get full access to my educational
4:33:48content library that goes way deeper
4:33:51than this 10-hour video could ever go.
4:33:53You also get access to our dedicated
4:33:55trading psychologist inside of my inner
4:33:57circle because, if you did not know,
4:33:59trading is 80, if not 90%, mental. It's
4:34:03a mental game, and that's why it was
4:34:05important that in my inner circle, I had
4:34:07a trading psychologist that helps us all
4:34:09master our trading psychology. I'll be
4:34:11honest, that was one of the hardest
4:34:13parts for me when I was trading, not
4:34:15having somebody to talk about it with
4:34:17that understood the mental game of
4:34:18trading or trading at all. And that's
4:34:21why having this trading psychologist is
4:34:23a huge benefit for anybody trying to get
4:34:26successful in trading. But in my inner
4:34:28circle, you also get one-on-one trade
4:34:30reviews where me, personally, I will
4:34:32look at your trades and tell you exactly
4:34:34what I think you did wrong, exactly what
4:34:36I think you need to fix. In the inner
4:34:38circle, you also get access to our
4:34:40private Discord community. This
4:34:42community is full of complete beginners
4:34:44who might be exactly where you are,
4:34:46more, um, I guess experienced traders
4:34:48who might not be extremely profitable,
4:34:50but they're on their way. There's people
4:34:52who are in there making tens of
4:34:54thousands of dollars tens of thousands
4:34:56of dollars a month. I can't even talk.
4:34:59Some are making six figures a month with
4:35:01trading and it's all inside of the
4:35:02community. We're all in there learning,
4:35:04we're all in there helping each other
4:35:05out. It's honestly just a place for
4:35:08serious people who want to make multiple
4:35:11five figures or sometimes even six
4:35:14figures with trading. It's very
4:35:16exclusive, it is very limited. Honestly,
4:35:18if you go through any of my YouTube
4:35:20videos, you're going to see people
4:35:21complaining inside of the comments about
4:35:23the fact that spots are literally always
4:35:25full when it comes to my inner circle.
4:35:27And that's because of literally all the
4:35:29value that I've poured into it. I told
4:35:31you guys I literally made it the exact
4:35:33thing that I wish I had that would have
4:35:35saved me years of trial and error, that
4:35:36would have saved me years of of sadness
4:35:39by trading by myself, years of losing
4:35:41money. I put my entire heart into the
4:35:45inner circle to make it as valuable as
4:35:46of an asset as possible. And that's why
4:35:49it's really only for people who are
4:35:50genuinely serious about trading. I'll be
4:35:52honest, it's not really for someone who
4:35:54just wants to make a few extra hundred
4:35:56bucks a week with trading. It's more so
4:35:59for people who want to take this into
4:36:00something that could replace their
4:36:02career and give them all types of
4:36:05financial freedom if they put in the
4:36:06time to achieve it. So, if you're done
4:36:09guessing, you're done losing money, and
4:36:11you're ready to actually build this like
4:36:12a true consistent business, click the
4:36:15link in the description of this video to
4:36:17have the opportunity to join my inner
4:36:19circle. With that being said, let's get
4:36:21back into all the value that I'm
4:36:23dropping. Now, these strategies are
4:36:26great, but you have to understand how to
4:36:29use them. And as new traders, it's
4:36:30important that you test them. Now, the
4:36:32best way to test any strategy or get
4:36:34used to trading is with backtesting.
4:36:37We're going to talk about what
4:36:38backtesting is, how to actually do it.
4:36:40I'm going to show you guys how to do it
4:36:42the most efficient way.
4:36:44So, first of all, what is backtesting?
4:36:45Backtesting allows us as traders to
4:36:48basically test our strategies, get good
4:36:51at drawing support or resistance without
4:36:53having to wait each and every day to do
4:36:56it. Get good at entering trades, get
4:36:57good at looking for those dojis, looking
4:37:00for those
4:37:01um trendline breaks, looking for all
4:37:02these things without actually having to
4:37:03wait in the markets to do it. Because
4:37:05realistically,
4:37:06as a day trader, you're with whatever
4:37:08strategy you're using, let's say with
4:37:10the ultimate support or resistance
4:37:11strategy, maybe you'll get three stra-
4:37:14three setups a day. That means you get
4:37:16three practice attempts a day. It's
4:37:18going to take a while for you to get
4:37:20comfortable with the markets if you're
4:37:22just
4:37:23looking at three setups every single
4:37:25day. Whereas, if there's a way to look
4:37:27at 100 setups in one day,
4:37:30that's how you're able to
4:37:32beat that learning curve and get much
4:37:34more comfortable inside the markets as
4:37:36traders. Now, how do we actually do
4:37:39that? There's this replay feature. I
4:37:40believe it's for the paid version of
4:37:42TradingView, but there is another
4:37:43website that you can go to, which you do
4:37:45have to pay for. It's called FX Replay,
4:37:47right here, fxreplay.com.
4:37:50It's a good website for backtesting as
4:37:51well. It basically does the same exact
4:37:53thing. I'm not uh sponsored by them or
4:37:55anything like that. Just putting this
4:37:56out there.
4:37:57Um but it does the same thing as this
4:37:59replay feature. But what this replay
4:38:01feature does on TradingView when you
4:38:03press it, it allows you to go back in
4:38:05time. So, let's say I press right here.
4:38:08It deletes everything that was before
4:38:10then, that way I can't see it. Because
4:38:12yeah, you can scroll back and be like,
4:38:14"Yeah, this is an easy support zone,
4:38:16right? Or easy resistance zone. I would
4:38:18have just sold right here as soon as I
4:38:19saw this candlestick, and then it would
4:38:21have just dropped all the way down, and
4:38:22I would be at $100 million."
4:38:24But this goes back to the saying that I
4:38:25said uh a little while ago that
4:38:28hindsight is always 20/20. It's very
4:38:30easy to to know what the market's going
4:38:32to do when you can see what the market's
4:38:34going to do. Versus if you use this
4:38:36replay feature and you're back here,
4:38:39then you're really testing to see,
4:38:41"Okay, I'm actually going to try and see
4:38:44what's going to happen when it taps into
4:38:45my zone here. Would I really have sold
4:38:47here? Would I really have done anything
4:38:49at this area?" And things like that. So,
4:38:51how do we actually do this and use this
4:38:53replay feature? Let me run through that
4:38:54really quickly, and then I'll show you
4:38:56guys how I back test it. And uh you can
4:38:58do this on any pair, any strategy. But
4:39:00you'll hit this replay feature, you'll
4:39:01see this blue line will be your cursor
4:39:03now. It's like a snippet tool. You'll
4:39:05press anywhere on the chart.
4:39:07And what I like to do, honestly, I like
4:39:09to close my eyes or scroll up where I
4:39:11can't see any of the candlesticks, and
4:39:13just go back to a random spot. So, I'm
4:39:15I'm clicking on my wheel, I'm clicking
4:39:17on my mouse and dragging. So, it's
4:39:19dragging the screen over to something I
4:39:22can't see. Then I'm just going to click
4:39:23somewhere random, right?
4:39:26Once I click that place random, what
4:39:28I'll do, I'll hover over here and press
4:39:29this reset chart view, or I'll
4:39:31right-click and press reset chart view.
4:39:34And that'll bring me to where the
4:39:35candlesticks are. It'll show me where
4:39:36the candlesticks are. Now here,
4:39:39what I do is I go to my indicators, and
4:39:41I'll throw on that kill zones. Because I
4:39:44only want to back test during the time
4:39:46frame that I'm actually going to trade.
4:39:47And you guys remember the indicator that
4:39:49we went over, the kill zones indicator
4:39:51tells us exactly what time we're at,
4:39:53what session we're in. So, let's make my
4:39:55kill zone
4:39:57red here. Let me just edit these
4:39:59settings cuz it's
4:40:02um a little bit off. Actually, let me
4:40:03make my Let me go to my usual template
4:40:05that I use.
4:40:07Uh
4:40:08this one.
4:40:10Boom.
4:40:12All right. So, this is usually how my
4:40:14charts look. I like my candle sticks.
4:40:15You can edit all this if you right click
4:40:17on your TradingView screen and go to
4:40:18settings. Under symbol, you can change
4:40:21the color of your candle sticks to
4:40:23whatever you want them to be. For me, I
4:40:25have my bullish candle sticks as in what
4:40:27would usually be my green candle sticks,
4:40:28I have them as white. And I have my
4:40:30bearish candle sticks red, which is how
4:40:33they usually are. Uh that's just the
4:40:34color preference I like. I like red.
4:40:37And I like a black background, so I had
4:40:39to make my
4:40:41my other candle sticks white. But
4:40:42anyways, so let's let me let me scroll
4:40:44back here and press this replay feature.
4:40:48Again, if you if it's already blurred
4:40:50out and you don't have that blue cursor
4:40:51over, if you look on the bottom of your
4:40:53screen right here and press select bar,
4:40:56it'll bring it back up. So, then you can
4:40:57just drag and scroll anywhere. I know
4:41:00for me, using my kill zone indicator,
4:41:02that this red line is when New York
4:41:04session starts. And I know that I trade
4:41:06New York session. So, what I'll do is
4:41:08I'll go a little bit before that red
4:41:10line starts
4:41:11and I'll click. I don't know what this
4:41:14there is on the chart right here. It's
4:41:16just a bunch of candle sticks right now.
4:41:18Um
4:41:18and then at this point, I'm going to
4:41:20start practicing drawing my support or
4:41:23my resistance zones. So, what do we do
4:41:24first? We'll go to our 1-hour time
4:41:26frame. This just gets you practice at
4:41:28marking up your charts. So, let's say
4:41:31this is a This is really not a good spot
4:41:33to be. This is a previous support zone
4:41:35that we see price broke below. We could
4:41:37wait for it to tap back into that. We
4:41:39see we have a support zone right here.
4:41:41We have where we have two rejections off
4:41:43of, right here and right here.
4:41:47We see that we We don't really have a
4:41:49squeeze or anything going on. This is
4:41:51really the main two zones that's in
4:41:52front of us. And this is how I'm back
4:41:53testing. I'm just going back in time and
4:41:55doing this. So, then I'll go down to my
4:41:57my 15-minute time frame or my 5-minute
4:41:59time frame and just see what the
4:42:01candlesticks are looking like.
4:42:03Um back here on my hourly, we have this
4:42:05little uh station under here, same where
4:42:08where we press select bar. We We can
4:42:10actually press play right here.
4:42:12And you'll see it'll move the it'll play
4:42:14the candlesticks automatically. Or what
4:42:16I like to do,
4:42:17I'll press this little skip forward uh
4:42:20button and it'll just print one
4:42:21candlestick. It'll just put one
4:42:23candlestick. This moves a little bit too
4:42:24fast for me when I press play, so I
4:42:26don't really do that. Um you can adjust
4:42:28it over here where it moves a little bit
4:42:29slower, so I can actually make it go
4:42:32um 1x, which if I press play, it'll then
4:42:35do one candlestick a second.
4:42:37Um and things like that, but I'd rather
4:42:39just press this
4:42:40uh
4:42:41the skip forward button. And over here
4:42:43on the replay interval, right now we're
4:42:45obviously on the 1-hour time frame. So,
4:42:47right now if I press this skip button,
4:42:49it's going to it's going to load a the
4:42:51next 1-hour candlestick.
4:42:53But, if I wanted to let's say load the
4:42:55next 5 minutes or go forward another 5
4:42:57minutes instead of a whole hour, I can
4:42:59press that and you'll see these
4:43:00candlesticks start changing. So, you see
4:43:02this one, then I'll press it again. This
4:43:04is the same hourly candlestick, but
4:43:05we're just moving
4:43:07forward 5 minutes instead of by a whole
4:43:09hour. So, we're not seeing a whole new
4:43:11candlestick. We're just seeing the
4:43:12movements on the candlestick as I click
4:43:15and click.
4:43:16Now, if we [snorts] go to the 15-minute
4:43:17time frame, we can do the same thing.
4:43:20We can change this, so it goes up
4:43:23um 15 minutes, 3 minutes, 1 minute, or
4:43:24we can just press same as chart. That
4:43:26way whenever we switch, it's like the
4:43:285-minute, the 30-minute, the 1-hour,
4:43:31um
4:43:32every single time we press this skip
4:43:33button, it'll skip forward whatever time
4:43:35frame we're on.
4:43:37So, let's say this is the
4:43:39um
4:43:40we're waiting for price. Let's go back
4:43:41to where we were on the hourly time
4:43:43frame.
4:43:44Let's go back here.
4:43:45Let's say I'm waiting for price to tap
4:43:47into my zone right here or my zone up
4:43:50here and I'm going to make an action
4:43:51based off of that. We know we're going
4:43:53to enter on the one-minute time frame
4:43:54and this is this is
4:43:56assuming I'm
4:43:58back testing my ultimate support and
4:44:00resistance strategy that we just went
4:44:01over. We have our zones drawn out, we
4:44:03have our supports, we have our
4:44:04resistance. So then we know we go down
4:44:05to the one-minute time frame and we wait
4:44:07for entries. So let's fast forward here
4:44:09a little bit. See if we get price to tap
4:44:11into either one of our zones here.
4:44:14Let me just skip forward a bit.
4:44:19I believe it's going to tap into this
4:44:20low point right here, probably close to
4:44:22market open.
4:44:24Which is at 8:30 Central Standard Time.
4:44:30All right. So it tapped into my zone
4:44:31here, so I could be like, "Okay."
4:44:33According to this strategy, I'm supposed
4:44:35to enter on a recent swing high on a
4:44:37break of a recent swing high or a recent
4:44:39swing low. So these right now are our
4:44:40recent swing highs. So
4:44:43this is the candlestick. Technically, I
4:44:45would have gotten I would have entered
4:44:47into the trade right here. So this is me
4:44:48practicing it. I would practice drawing
4:44:50my uh support zone right under here. I
4:44:53mean, sorry, my stop loss right under
4:44:54here. And let's say I want to target a
4:44:56recent high. There's a recent high up
4:44:58here, there's a recent high right here.
4:45:00Let's say I target this one right here.
4:45:02And let's see what happens. We skip
4:45:04forward.
4:45:05Skip forward.
4:45:08We can skip forward faster.
4:45:10And this trade would have hit. This is
4:45:11how we back test. We didn't know that
4:45:13this was going to happen, we didn't know
4:45:14that price was going to bounce off of
4:45:15here, so we can't say we knew that was
4:45:17going to happen. Um this is how you
4:45:19correctly back test because you don't
4:45:21know what's going to happen beforehand.
4:45:22Now I can do this again
4:45:24and we'll scroll back again to a random
4:45:26time right before market open.
4:45:29We'll go to the hourly time frame.
4:45:34And now let me mark up my charts again.
4:45:35So I see I see a resistance zone up
4:45:37here, obviously. I see we actually have
4:45:39a trend line down here. Multiple touches
4:45:42at this trend line, actually. If we were
4:45:44here a little bit earlier, we could have
4:45:45seen this squeeze play out. Cuz we see
4:45:47we have one rejection here, two
4:45:49rejections, three rejections on the
4:45:51bottom trend line. We have one rejection
4:45:52here, two rejections here, three
4:45:54rejections here at the top upper trend
4:45:57line.
4:45:58And, you know, according to the
4:45:59strategy, we would have waited for a
4:46:00break of the swing high, which is up
4:46:02here. But, I don't trade. This is at
4:46:042:00 in the morning. I'm sleeping at
4:46:062:00 in the morning. So, I know I
4:46:07wouldn't trade that, and that's why I
4:46:08use the kill zones, cuz I don't want to
4:46:10backtest my strategy
4:46:12during the London session when I know I
4:46:13don't trade.
4:46:14So, um now that we have all this on our
4:46:17chart, now we'd wait for market open to
4:46:19happen. So, this is market open
4:46:20happening right here. Let's go down to
4:46:22our 5-minute time frame. So, we have
4:46:23this as our uh resistance zone right
4:46:26now.
4:46:27Now, we can actually wait for price to
4:46:29tap back into this area to see if it
4:46:31does.
4:46:33Fast forward.
4:46:34It tapped back into this area. Now, we
4:46:35can see if it can break any of our
4:46:37recent swing highs. Right now, we don't
4:46:39really have any recent swing highs.
4:46:42Let's see if it creates some.
4:46:46Nope, it's just selling down below it.
4:46:48So, I just This is I just wouldn't have
4:46:49traded this because according to my
4:46:50strategy, I I needed to break a recent
4:46:53swing high. And right now, it broke out
4:46:55of my zone, which means it's not
4:46:56respecting my zone anymore, which means
4:46:58I just have to wait for another setup to
4:47:00happen later on.
4:47:02Um let's see.
4:47:03Right now, it's breaking to the bottom
4:47:04of this trend line. Let's say I was
4:47:06practicing to take a break out of the
4:47:07trend line. I could have been like,
4:47:09"Okay,
4:47:10when it comes to break below this recent
4:47:12swing low, which is right here."
4:47:14And then, backtesting's going to work
4:47:15the same no matter what strategy you're
4:47:17backtesting. I'm just showing you guys
4:47:18examples of any strategy.
4:47:20So, let's say I'm waiting for it to
4:47:22break below here. Let's see if it comes
4:47:23down here.
4:47:26All right, it broke below it. This would
4:47:27have entered me into the trade. Let's
4:47:29say I put my stop loss above the recent
4:47:31swing high.
4:47:32Recent swing high is right here.
4:47:34I'm now in the trade because it broke
4:47:37below here.
4:47:38And let's see if it goes to my stop loss
4:47:40or it goes further down.
4:47:43Now it's just consolidating.
4:47:47And this would have lost. So, what I'll
4:47:49do is I have to journal my trades. I
4:47:52have to journal what time I took them.
4:47:53We're going to actually dive in in depth
4:47:55exactly what you want to journal, but I
4:47:57want to get it out the way so you guys
4:47:58are get this part out the way.
4:48:00So you guys understand how to actually
4:48:02do the action itself as far as using the
4:48:04replay, as far as knowing you're coming
4:48:06into this trading at the time that you
4:48:08would actually trade, um marking up your
4:48:11charts, practicing drawing out your
4:48:13support and your resistance zones and
4:48:14things like that. And then what happens
4:48:16is let's say you have a rule where every
4:48:19single day you only take one trade, no
4:48:21matter if you win or lose, you only have
4:48:22one trade. That's perfectly fine cuz
4:48:24then you'll come over here to the hourly
4:48:26time frame. And what you're going to do,
4:48:28let's say after you took this trade
4:48:29here, let's say we lost this trade right
4:48:30here. I'm just going to skip forward.
4:48:33I'm going to skip forward until I see my
4:48:35yellow line or until I see the
4:48:36candlestick that we're on is getting
4:48:38close to market open or sorry, getting
4:48:40close to New York session, which is the
4:48:41session I trade. And then we restart.
4:48:44So then we draw our support zone or
4:48:46sorry, we draw our resistance zone right
4:48:48here. We draw that we have a support
4:48:50zone right down here. We go forward.
4:48:54Let's see. This is 7:00 candlestick.
4:48:57So let's fast forward just a little bit.
4:49:01All right, now we're at 8:00. So now we
4:49:02have these two zones. We'll watch and
4:49:04see.
4:49:07Look at the 1-minute time frame. So
4:49:09we're making these higher highs in here,
4:49:11never made a new high.
4:49:12Now we had price come back into our zone
4:49:14after breaking out of it. We made a high
4:49:16right here. Let's say we're trading the
4:49:18ultimate support resistance strategy or
4:49:20we're back testing it. We would have
4:49:21entered right here. We would put our
4:49:23stop loss below here. Let's say we
4:49:25targeted here. I personally probably
4:49:26wouldn't have taken this trade um just
4:49:28cuz this is close
4:49:30to a breaking out of this zone at market
4:49:32open.
4:49:33But that's fine. Let's say we did take
4:49:35this trade
4:49:36and price is going up up up down down
4:49:39down up.
4:49:41Let's see if it hits the full take
4:49:42profit area.
4:49:46This is taking 100 years.
4:49:51As it reverses back down. But let's say
4:49:53that this was our take profit up here or
4:49:55let's say we targeted this recent swing
4:49:56high. I don't even know why I targeted
4:49:58up here. I should have targeted recent
4:49:59swing high which is here.
4:50:00That trade would have hit. That trade
4:50:02would have won. We would have
4:50:03written that down and all the different
4:50:05things we're going to hop in exactly.
4:50:07We're going to hop in I'm going to show
4:50:08you exactly what you guys need to track
4:50:10every single time or write down every
4:50:12time. But this is how I back test. I
4:50:14start off with like I said closing my
4:50:16eyes
4:50:17clicking a random time. I'm only trading
4:50:20during my session. If I know I'm only
4:50:22going to take one or two trades a day
4:50:23after I take those one or two trades a
4:50:25day. I'm just going to fast forward
4:50:27until I get to London session again or I
4:50:29start getting close to my red line which
4:50:31is my red line starts at 8:00.
4:50:34But let's say when I get to 7:30 because
4:50:36I know that's usually the time when I
4:50:38wake up and start marking up my charts.
4:50:39That's what I will do. Now if you want
4:50:42to back test Heikin-Ashi's,
4:50:44TradingView actually doesn't let you do
4:50:46this. It will block you like if you
4:50:48press it it says bar replay isn't
4:50:50available for this chart type. Do you
4:50:51want to exit bar replay? So it won't
4:50:53actually let you back test Heikin-Ashi
4:50:55candlesticks. But there is a work around
4:50:57for it because if you wanted to back
4:50:59test any of the strategies with
4:51:00Heikin-Ashi like let's say the the
4:51:02scalping strategy that we just went over
4:51:04or any of the other strategies that's
4:51:05inside my strategies course that I told
4:51:06you guys about before.
4:51:08A lot of them use Heikin-Ashi
4:51:09candlesticks just cuz it they work so
4:51:11well with Heikin-Ashi candlesticks. But
4:51:13if you wanted to back test it,
4:51:15TradingView really doesn't let you do
4:51:16it. So you have to do the work around
4:51:18and this is the work around. It's very
4:51:20very easy actually. So on regular
4:51:23candlesticks here,
4:51:24go to indicators and type in Heikin
4:51:29Ashi
4:51:30candle overlay. Just like this. It's by
4:51:33this person named B Jorgum. You'll press
4:51:35it right here.
4:51:37And you'll see, look at the
4:51:37candlesticks. You'll see their change
4:51:39cuz it put an indicator that looks and
4:51:42acts just like Heikin Ashi candlesticks.
4:51:44It put that over your regular
4:51:46candlesticks. Now, as you see, this
4:51:48looks a little bit weird. It's kind of
4:51:50messed up a little bit. You'll see
4:51:51different colors. So, what we do to fix
4:51:53that, we'll right click on our
4:51:55charts right here. We'll go to settings.
4:51:58We want to basically hide the regular
4:52:00candlesticks so that we only see the
4:52:02Heikin Ashi candle overlay indicator
4:52:04that we just put on. So, how do we hide
4:52:06the regular candlesticks? When we on the
4:52:08symbol tab, make sure the body, the
4:52:10borders, and the wick are unchecked.
4:52:13And that'll hide them. So, then as you
4:52:15see, now all we see is Heikin Ashi
4:52:17candlesticks. But, to TradingView, we
4:52:20are on regular candlesticks. So, we can
4:52:21use the bar replay and we can back test
4:52:24with it. So, that's the workaround to be
4:52:26able to use Heikin Ashi candlesticks on
4:52:28TradingView. On FX Replay, you don't
4:52:30really need to do that that workaround.
4:52:32They let you back test with Heikin Ashi
4:52:34candlesticks. But, if you wanted to use
4:52:36TradingView to back test, that's simply
4:52:37how you do it. You put on that
4:52:38indicator. You don't have to change any
4:52:40of the settings in the indicator unless
4:52:42you want to change the color of the
4:52:43candles or anything like that. Then you
4:52:45could do that, but you really don't have
4:52:47to.
4:52:48Um and then obviously just uh turn back
4:52:50on your regular candlesticks. You'll
4:52:51right click, press settings. Under
4:52:54symbol, just turn back on your body,
4:52:56your border, and your wick.
4:52:58And then um if you don't want this
4:52:59indicator on anymore, you can either
4:53:01press the eye thing so it's hidden, or
4:53:03you can just press the trash can and
4:53:04delete it and we add it back on um later
4:53:08if you want to. Now, let's hop into the
4:53:10things to track when it comes to back
4:53:12testing. Because, yeah, doing all this
4:53:13is cool. Practicing drawing your
4:53:15support, your resistance zones is all
4:53:17cool. But, you need to be able to track
4:53:19it. Trading is all about data. We need
4:53:21to see the data. We need to know what
4:53:23chances, what's the likelihood of us
4:53:24winning this trade every single time we
4:53:26enter a trade. What's the likelihood of
4:53:28us losing this trade? When's the best
4:53:30time to trade this strategy?
4:53:33What's the best day to trade this
4:53:34strategy? How long should I hold this
4:53:36strategy? Should I always hold it to a
4:53:38one to one? Should I always hold it to a
4:53:39two to two? So, we need the data to be
4:53:41able to do that. Let's hop into the data
4:53:43that we track and how we actually track
4:53:44that. Um how to find, test, and optimize
4:53:46a profitable strategy. Obviously, I've
4:53:48given you guys proven
4:53:50profitable strategies, but if you're
4:53:51testing your own strategy, or if you're
4:53:53using any of the other strategies that's
4:53:54inside my strategies course that I
4:53:56mentioned to you guys,
4:53:57um
4:53:58this is how you would do it, right?
4:54:00So, the first thing to finding a
4:54:02profitable strategy, almost any strategy
4:54:04can be profitable with the right risk
4:54:05management. So, find your favorite type
4:54:07of strategy, whether it comes to support
4:54:10and resistance, supply and demand, which
4:54:12we'll get into a little bit later on, or
4:54:13breakouts, etc. Look for patterns on the
4:54:16chart that you notice from back testing
4:54:18or using someone else's strategy. If you
4:54:20found your own strategy from doing your
4:54:21back testing, you notice patterns that
4:54:23seem to play out a lot, um
4:54:25you can use that and start back testing
4:54:27it, or somebody else's strategies. If
4:54:29you found a strategy on YouTube, if you
4:54:31found one of my strategies, or wanted to
4:54:32use one of my strategies, things like
4:54:34that. And then, once you do that, you
4:54:36need to set clear rules for your
4:54:38strategy as far as what are your risk
4:54:40reward ratio? Are you always going to go
4:54:41for a one to one? Because you're going
4:54:43to track all this. Are you always going
4:54:44to go for a one to one? What do you need
4:54:45to see to enter a trade? What do you
4:54:47need to see to exit a trade, etc. Things
4:54:49like that.
4:54:50So, once you have that down pat, how you
4:54:53test the strategy. The first step is to
4:54:55back test, back test, back test, back
4:54:58test, and keep back testing. Picture
4:54:59this.
4:55:00Imagine a basketball player where the
4:55:03only time they play basketball is when
4:55:05they had a basketball game. They never
4:55:07went to practice. They never practice
4:55:08shooting except when they were in a
4:55:10game. They are going to suck
4:55:12compared to someone who plays basketball
4:55:14and practices basketball every single
4:55:16day regardless if they have a game or
4:55:18not. It's the same when it comes to
4:55:19trading. If you're not back testing, if
4:55:22you're not putting the time into back
4:55:24testing, you're only relying on getting
4:55:26those reps in when you're actually
4:55:28trading in the live markets, you're not
4:55:30getting enough reps in. You're getting,
4:55:32like I mentioned before, three, four,
4:55:34maybe five trades a day. Versus with
4:55:36back testing, if you spend an hour back
4:55:38testing, you can go through 20, 30, even
4:55:41maybe 50 days worth of data. You know
4:55:43how many trades that is? You know how
4:55:44much confidence that builds in you? How
4:55:46much practice you get into actually
4:55:49trading and drawing support or
4:55:50resistance, practicing your entries,
4:55:52seeing trend lines, seeing breakouts,
4:55:53seeing your strategy play out, seeing
4:55:55your trade lose, seeing your trades win.
4:55:57You get so much more confidence in your
4:56:00trades simply by back testing and
4:56:02putting the time to back test. So, you
4:56:04have to back test. And when you back
4:56:06test, you need to keep track of the
4:56:08metrics. How I like to keep track of
4:56:10them, you can have this on a notepad,
4:56:12you can create yourself a spreadsheet.
4:56:13Um there are apps that you can use to
4:56:15track your back testing data, but in
4:56:17simplest terms, you can write it on a on
4:56:19a piece of paper. But you want to write
4:56:20what date you started back testing as
4:56:22far as if you when you close your eyes
4:56:25and did that bar replay, it was June
4:56:273rd, 2024, right?
4:56:30Write the strategy that you're also
4:56:32going to be back testing that time. So,
4:56:34you're going to be writing, okay, from
4:56:36June 3rd, whatever, I'm writing I'm back
4:56:38testing the
4:56:40um ultimate support or resistance
4:56:41strategy.
4:56:42You have that data, that's your headline
4:56:44at the top of your paper or the top of
4:56:46your document or whatever. And we you
4:56:47want to track every trade you take, the
4:56:49wins, the losses, the days where you
4:56:51have no setups as far as there was no
4:56:53trades that happened um because you just
4:56:55didn't see the opportunity. You also
4:56:56want to track small key points for each
4:56:59trade. So, like this trade had the
4:57:01perfect setup. Everything aligned
4:57:02perfectly. It did everything it it did
4:57:06exactly what I wanted it to do as far as
4:57:08it touched my support zone, it gave me
4:57:10my breakout of a swing high or swing
4:57:12low, whatever it is.
4:57:14Um
4:57:14or writing things like it was low
4:57:16volume. Like the trade [clears throat]
4:57:17moved super super slow. Or on this day
4:57:20we had a lot of fundamental news come
4:57:22out. You want to write all that because
4:57:24that's extremely important. It's kind of
4:57:25like adding tags to your trades.
4:57:28Now, the next thing you want to do is
4:57:29back test at least 50 days of trades on
4:57:32each strategy. Back test at least 50
4:57:35days worth of trades. Not 50 trades, 50
4:57:38days worth of trades cuz there'll be
4:57:39times when you are when you have a a
4:57:43trading day and three times your setup
4:57:45popped up. Um when I mean 50 days of
4:57:47trades, I'm not talking about you
4:57:48sitting at your chart your computer for
4:57:5050 days. I'm talking about if you
4:57:51started on June 1st, 2024, you'd end it
4:57:54on
4:57:55whatever 50 days of that is. Whatever
4:57:58that that date um is 50 days of that,
4:58:02right? Um and then you want to calculate
4:58:04the results at the end of your session.
4:58:05So, calculate how many wins you had. Um
4:58:08how many how many losses you had.
4:58:10Calculate how many trades you took
4:58:11total. Then you want to get use that
4:58:13data to get your win percentage. So, did
4:58:15you have a 60% win rate? Did you have a
4:58:173% win rate or 30% win rate? Whatever it
4:58:19is. You want to also calculate and track
4:58:22your no trade days. How many days were
4:58:25did your setup just not show up? So, you
4:58:27want to track that as well.
4:58:29You also want to track your RR profit.
4:58:31And basically all RR profit is is your
4:58:34risk to reward profit. So, we went over
4:58:36on the charts showing you guys drawing
4:58:38out your long or your short positions
4:58:40and you saw that little thing that said
4:58:41risk to reward ratio.
4:58:43Um like for instance with the the
4:58:45scalping strategy that we went over,
4:58:46you're always going for a one to one.
4:58:48But with the ultimate support and
4:58:49resistance strategy or the the squeeze
4:58:51strategy, you could be going for a two
4:58:53to one, three to one, four to one, five
4:58:55to one. So, you want to track not just
4:58:57your the wins and your losses, but track
4:58:59your RR profit. So, and the reason why
4:59:02that's important is because a lot of
4:59:03times if you're using if you're risking
4:59:06the same amount of money on every single
4:59:08trade. Let's say out of the 50 days you
4:59:10took 100 trades, right? And you know
4:59:11every single trade you're risking $100
4:59:13on it, right? You took 100 trades and
4:59:17you had a 50% win rate, but every single
4:59:20trade was a two to one risk to reward
4:59:22ratio. So, every loss is a negative one
4:59:24RR because it's always going to be a
4:59:26negative one RR on a loss cuz that's how
4:59:29much you're risking. And every win could
4:59:31be
4:59:32Let's say you went for a one to one risk
4:59:33to reward ratio, that's a positive one.
4:59:35Or you went for a two to one risk to
4:59:37reward ratio, that's a positive two. So,
4:59:38every win could be like a plus two, plus
4:59:41three, plus one, plus two, depending on
4:59:43the risk to reward ratio. So, then you
4:59:45would take that number, you take how
4:59:47many losses you had, and the amount of
4:59:49RR as far as your risk to reward that
4:59:51you profit at the end of it, and you
4:59:53want to see that number. So, in that
4:59:54instance where out of the 50 days you
4:59:56took 100 trades, and let's say you
4:59:58always went for a two to one risk to
4:59:59reward ratio, so you had out of 50 out
5:00:03of 100 trades you won half of them. So,
5:00:05it's 50 * 2 because you had a two
5:00:08RR, you always went for a two to one
5:00:10risk to reward ratio every single time
5:00:12you won. So, then you're at 100 RR, but
5:00:15then you have to subtract all your
5:00:16losses, which is a one RR
5:00:19each loss, and you had 50 losses. So, at
5:00:22the end of the day you'd have a 50 RR
5:00:24positive. And the reason that number's
5:00:26important is because no matter what you
5:00:28risked, let's say during that period
5:00:30starting June 1st all the way to May
5:00:3220th or whatever it is, all the way up
5:00:33to that period if you risked $100, you
5:00:36know you would have profited a 50 RR,
5:00:38which 100 * 50 is 5,000. Hopefully I
5:00:42didn't lose you guys in that. Um a
5:00:43simpler way of tracking it as well if
5:00:46you don't want to track the RR profit is
5:00:48if you just say every single trade I
5:00:50risk $100, and every single trade I'm
5:00:53planning on making $200. Something like
5:00:55that, and you can just track that profit
5:00:57at the end of the day. But you want to
5:00:58have that just so you can see for
5:01:00yourself what is the profitability of
5:01:02that strategy outside of just looking at
5:01:04the win rate itself.
5:01:06Another thing you do want to track
5:01:07though
5:01:08is the amount of ticks that you won or
5:01:10lost on that trade. So I mentioned to
5:01:12you guys showing you guys that long or
5:01:14that short position. You can see that
5:01:16middle number is going to be the amount
5:01:18of ticks. So if we come here and let's
5:01:20say this is the trade. You risked 29
5:01:24ticks to make 127 ticks. This is an
5:01:27example obviously. If you lost this
5:01:29trade, you'd write in your journal
5:01:32um let's say what day is this? March
5:01:3724th.
5:01:38I took this trade at
5:01:411:00 p.m.
5:01:43Um and let's say I lost.
5:01:46I'll put this all on one line. Sorry.
5:01:48March 1st 1:00 p.m.
5:01:50loss, right? And then I lost so I'd be
5:01:53negative on this example. I lost 29
5:01:56ticks.
5:01:57Negative
5:01:5929 ticks, right? And then let's say I'm
5:02:02typing out and I'm saying
5:02:04my key my tag on it was
5:02:07low volume. Right? That was Let's just
5:02:09say that was my tag for example.
5:02:12This is a quick simple way of how I
5:02:13would actually journal my trade. Now
5:02:15let's say I took another trade on this
5:02:17day. So I'd say March 24th. Let's say I
5:02:19took this at 2
5:02:2130 43
5:02:23uh
5:02:24p.m.
5:02:25I won let's say 253
5:02:29ticks.
5:02:32Perfect
5:02:33setup.
5:02:35This is what I write. Now keep in mind I
5:02:36wouldn't really write this on the chart
5:02:38itself.
5:02:39I really have it on my notepad or like
5:02:41on my phone or something like that or
5:02:43some other application uh cuz I want to
5:02:45be able to compile that information and
5:02:47see it without it being on my chart
5:02:49itself. That's how we're we're it.
5:02:50That's how we're going to optimize our
5:02:52strategy. But, coming over to the next
5:02:54thing is to actually optimize it cuz
5:02:56that was testing it and that's getting
5:02:58the data to test it. Remember I told you
5:03:00guys the data is important, but we need
5:03:01to be able to optimize that data. And
5:03:03having that data
5:03:04that we just went over and tracking that
5:03:06data allows us to optimize it. So, once
5:03:09we have went through those 50 days,
5:03:11we're going to look over back testing
5:03:13written results and determine patterns
5:03:14from the small key points you noted. So,
5:03:16if I noticed
5:03:1850 out of my 100 losses,
5:03:23I had a key point that noted it was low
5:03:26volume because it was late in the day,
5:03:28that means I should probably not trade
5:03:30that strategy late in the day when
5:03:31there's no volume. So, I can cut out
5:03:32those losses by not trading those
5:03:34things. And that's just small key points
5:03:36that you'll see and that's why we had we
5:03:38had we add those little key tags to each
5:03:42and every one of the strategies or each
5:03:43and every one of the trades that we
5:03:44take.
5:03:45Now, you're actually going to look over
5:03:46your back testing trades on the chart to
5:03:48see similarities between winners and
5:03:50losers. What I mean by that is even if
5:03:52we didn't write a key point for a loser
5:03:54or a winner, we can look back on the
5:03:56chart. So, let's say we go back to our
5:03:57chart here and see, okay, this trade we
5:04:00took right here,
5:04:02we won it,
5:04:04um but if we held it longer, it would
5:04:06have keep kept going up. Well, this
5:04:08instance didn't keep going up. But let's
5:04:10just imagine that it kept going up,
5:04:12right? So, we could be like, okay,
5:04:13instead of us always going for a one to
5:04:16one, we could probably always go for a
5:04:18two to one.
5:04:19And that would make us way more money,
5:04:20right? Or we could be like, okay, we
5:04:23entered into the trade right here.
5:04:26Our stop loss was right
5:04:28here
5:04:29and our take profit was up here. And
5:04:31it's like, okay, I'm seeing and looking
5:04:33back on all my trades and I'm like,
5:04:34okay, 10 out of my 30 losses that I had,
5:04:38I got taken out of the trade, it hit my
5:04:39stop loss, and then it instantly went to
5:04:41my take profit. So, maybe I should try
5:04:43making my stop loss a little bit bigger,
5:04:45giving my trades room to breathe. That
5:04:47way I don't lose as many trades.
5:04:49So, that's what I mean by looking over
5:04:51your backtesting trades on the chart,
5:04:53because we want to see the price action
5:04:55of each trade on the chart itself, not
5:04:57just the notes that we took. So, once we
5:04:59do that, then we're going to look for
5:05:01patterns in our wins that could allow
5:05:02for us to capitalize on our wins more.
5:05:04That's what I went over, which is
5:05:06holding our trades longer, scaling in,
5:05:08which means as price is going up, let's
5:05:10say we're in a buy, and as price is
5:05:11going up, we're buying more contracts,
5:05:14more contracts, more contracts, the more
5:05:16we're believing in the in the um
5:05:18the trade, or trailing our stop loss.
5:05:20Trailing our stop loss simply means,
5:05:22let's say we're in a trade right here,
5:05:23and as price is going up, we're moving
5:05:26our stop loss up. So, let's say price is
5:05:28going up here, then as it's going up,
5:05:30we're moving our stop loss up the same
5:05:32amount as price is going.
5:05:35I can't grab my line here. As price is
5:05:37going up, we're moving our stop loss up
5:05:39even more. That's what trailing your
5:05:40stop loss means. It's just uh trailing
5:05:42it as price is going up. It just helps
5:05:45you to minimize your risk. Um but then
5:05:46also, we're going to look for patterns
5:05:49in our losses
5:05:50um that could allow for us to lower our
5:05:52risk amount. So, patterns that we could
5:05:54look for is maybe moving our stop loss
5:05:57to break even once our trade goes
5:06:00halfway to our TP, or maybe closing
5:06:02partials, or trailing our stop loss
5:06:04again, how I mentioned. Now, this is a
5:06:06tactic I I use a lot as far as moving
5:06:08our stop loss to break even. What we do,
5:06:10what that looks like, and the reason why
5:06:11that's so good is cuz it then makes the
5:06:14trade risk-free. So, let's say I entered
5:06:17for a buy right
5:06:20Let's say I entered for a buy right
5:06:21here, right?
5:06:23And originally, my stop loss is right
5:06:25down here, and my take profit is up
5:06:27here.
5:06:29Halfway to my TP is somewhere probably
5:06:31over here.
5:06:33So, as soon as price hits this area,
5:06:35I'll move my stop loss to break even.
5:06:38Basically, moving my stop loss to break
5:06:39even just means moving my stop loss to
5:06:41my entry point. So, if I entered here,
5:06:43I'm just going to move my stop loss to
5:06:45here. That way, if price comes back down
5:06:47here, I'm not going to lose money. It's
5:06:49just going to take me out of my trade
5:06:50basically where I entered at, which in
5:06:52turn makes me not make any money, but I
5:06:54also didn't lose any money. That helps
5:06:56us protect our trades. So, if you've
5:06:58noticed patterns in your back testing
5:07:00over the past 50 days of you back
5:07:02testing or or however many days you
5:07:03trade, remember it's 50 days minimum
5:07:06that I suggest.
5:07:07So, you So, you can get enough data
5:07:09compiled.
5:07:10Um if you've noticed patterns that's
5:07:12like, "Okay, if it hits halfway to my
5:07:15take profit, and then it reverses,
5:07:17majority of time if it reverses after
5:07:20going halfway, it goes all the way down
5:07:21to my stop loss." And our our job as
5:07:24traders is to protect our risk. It's not
5:07:26to make money. It's to protect our risk.
5:07:29So, if we realize we can protect our
5:07:31risk by when price moves to take take
5:07:33profit or not take profit, halfway to
5:07:36take profit, we can move our stop loss
5:07:38to break even, that way we can protect
5:07:40us from losing any money on that trade
5:07:43at all.
5:07:45So, that's just an example obviously of
5:07:46ways that you can practice um
5:07:50or things that you can see from
5:07:52looking for your patterns in your losses
5:07:54on the charts that could help you make
5:07:56better decisions moving forward to
5:07:57optimize your strategy. Now, getting
5:07:59into further optimizing your strategy,
5:08:02um
5:08:02back test with the new optimized
5:08:04versions of your original strategy for
5:08:06at least 100 days. Now, what I mean by
5:08:07that is let's say during that first
5:08:09optimization period, you said, "Okay,
5:08:12boom. Instead of only holding my trade
5:08:14for a one-to-one, I'm going to hold it
5:08:15for a two-to-one. And then I'm going to
5:08:18move my stop loss to break even when it
5:08:20hits halfway to my take profit." Let's
5:08:22say that's your new rules that you have
5:08:23for your strategy. Now, go back test
5:08:25that new strategy doing those same
5:08:27steps, not on the same days, do
5:08:29completely different days. You can do
5:08:30those same days as well, but makes you
5:08:33include different days in there as well,
5:08:35and see how it changes. See if your win
5:08:37percent went down versus what it was
5:08:39before. See if your are um our our
5:08:43profit went up or down based off of what
5:08:46it was before. See if your overall total
5:08:48tick amount profit went up or went down.
5:08:51See that type of data, and if you're
5:08:52happy with the results, then start
5:08:54trading the new optimized version of the
5:08:57strategy versus the other one. Now, as
5:08:59how I suggest for you guys to take this
5:09:01to the live markets, let's say you're
5:09:02backtesting your a new strategy, one
5:09:04that hasn't been proven versus one that
5:09:06I've given you guys, is to take the
5:09:07strategy live in the markets with the
5:09:09smallest positions possible. So, instead
5:09:11of you trading NQ, trade MNQ. Instead of
5:09:14you trading ES, trade MES, and only do
5:09:16one contract. Do the smallest amount
5:09:19because you're just testing this. And I
5:09:20suggest for people to test it for at
5:09:22least a month before going to normal
5:09:24position size. And while you're in this
5:09:26testing phase, continue to track all the
5:09:28same metrics from the testing phase.
5:09:30We're going to get into this a little
5:09:31bit later on inside this video about
5:09:32journaling and journaling on live um
5:09:35when you're trading live because it's
5:09:37very similar to when you're journaling
5:09:38your backtesting. Uh but you need to
5:09:40track all this data and keep all this
5:09:42data tracked. So, yeah. So,
5:09:44what if you're happy with the results
5:09:46after you fully optimized it, you went
5:09:48through the first optimization, and then
5:09:49you backtested with that optimized
5:09:51version, and then re-optimized it, or
5:09:53you kept that re-optimized version, take
5:09:56it to the live markets with very small
5:09:58positions. Do that for about a month.
5:09:59Move over to then trading on normal
5:10:01position size, and continue to track the
5:10:03data from there. Now, if you're not
5:10:05happy with the results of your optimized
5:10:06versions, then repeat the optimization
5:10:08process. Go back, look at what things
5:10:10you could have made better um with the
5:10:12re-optimized version. Um let's say
5:10:15instead of you jumping from a one
5:10:17to one risk-reward ratio every time,
5:10:19instead of you jumping from that to a
5:10:20two to one, maybe try going to a 1.5 to
5:10:23one risk-reward ratio, maybe not moving
5:10:26your stop loss to break even, um things
5:10:28like that. Also, I forgot to mention
5:10:30this. If you do decide to do anything
5:10:32where you move your stop loss to break
5:10:33even, make sure you track in every every
5:10:36single one of your trades that did go
5:10:38back to break even. So, the same way we
5:10:40were tracking our trades before with the
5:10:42like the wins, losses, and things like
5:10:43that, track break evens as well. But
5:10:46yeah, that is how you back test. We went
5:10:48through exactly how to do it on the
5:10:49charts. But the
5:10:51biggest part of it, I see a lot of
5:10:52people back test and they have no
5:10:53results to show for it. They make no
5:10:55progress with their back testing cuz
5:10:57they're not journaling and optimizing
5:10:58their back testing. This is the most
5:10:59important part of back testing. You
5:11:02don't just want to go in there and click
5:11:03random spots and draw random lines and
5:11:05boxes and all this stuff. You need to
5:11:07track the results. That way when you're
5:11:09trading live, you have the data. You
5:11:11have you you know every single time you
5:11:14click buy or sell that you have a 70%
5:11:16chance of winning this trade because
5:11:18you've back tested 200 days of this
5:11:20strategy and over the course of those
5:11:22200 days, 70% of the trades you took
5:11:24won. That way you in your live trades,
5:11:26you're confident knowing that you can
5:11:28actually
5:11:30make or win 70% of these trades or that
5:11:32if you follow every single thing that
5:11:34you did in your back testing results,
5:11:36you're going to win 70% of your trades
5:11:39most of the time. Let's get into what is
5:11:40journaling, right?
5:11:42So, journaling your trades involves
5:11:43keeping a detailed record of each trade
5:11:45you make.
5:11:46This typically includes the date and
5:11:48time of the trade, the instrument
5:11:49traded, the entry and exit points, the
5:11:51size of the position slash the risk that
5:11:53you had, and any reasons or strategies
5:11:55behind the trade. And we're going to get
5:11:56into a step a checklist for all the
5:11:58things that you should be journaling in
5:12:00a second here.
5:12:01But this is the benefits of journaling
5:12:03your trades. So, it gives you a track
5:12:05record. It helps you to maintain a
5:12:06detailed record of your trades including
5:12:08your profit and loss, your win rate,
5:12:11which can be very very valuable for
5:12:12analyzing your performance over a
5:12:14certain amount of time.
5:12:17It also gives you a great overview
5:12:19analysis. By reviewing your journal, you
5:12:21can actually identify patterns in your
5:12:23trading behavior, learn from your
5:12:25mistakes, and refine your strategies,
5:12:27and really double down on the winning
5:12:29things about your
5:12:31trading. Similar to how we talked about
5:12:33in back testing where you see your
5:12:35patterns in your losses. You see, okay,
5:12:3840% of the time I lose my trades is cuz
5:12:40I entered too early. Or
5:12:42uh 50% of the time that I I win my
5:12:45trades is because um it was between the
5:12:48hours of 12:00 and 1:00 p.m. Or whatever
5:12:51it is. You start picking up on those
5:12:52small things and that helps you to
5:12:53refine and optimize your live trading.
5:12:56Um it gives you emotional control. So,
5:12:58journaling can help you manage emotions
5:13:00like fear and greed by allowing you to
5:13:02reflect on your decisions in a more
5:13:03rational way. Instead of you looking at
5:13:06each trade on a day-to-day basis or
5:13:08trade-to-trade basis, you can zoom out
5:13:11and see your
5:13:12how you've been trading over the past
5:13:14week, the past 2 weeks, the past month,
5:13:16right? And that
5:13:18helps you put in perspective
5:13:20um
5:13:22no matter if you had a losing day today,
5:13:24that small losing day looks like nothing
5:13:26compared to the monthly chart or
5:13:30compared to the monthly profit and loss
5:13:31that you have um with your trading.
5:13:34It also helps with accountability. So,
5:13:36it holds you accountable for your trades
5:13:37as you're more likely to stick to your
5:13:39trading plan if you know you have to
5:13:40record each trade. I wouldn't get into
5:13:42the things that you have to record in a
5:13:43second here, but it helps you stay very
5:13:46very accountable because you're going to
5:13:48have to write down why you entered the
5:13:50trade.
5:13:51And if you don't know why you entered
5:13:52the trade, you're going to be looking at
5:13:53yourself like
5:13:56you're stupid. And you do not want to do
5:13:58that.
5:13:59So, it holds you accountable knowing
5:14:00that you have to write down a reason or
5:14:03try and think of a reason if you don't
5:14:05have a real one um when you're going
5:14:07over your journaling at the end of the
5:14:09day.
5:14:10Now, journaling helps with improvement
5:14:12cuz it can help you improve your
5:14:13decision-making process by forcing you
5:14:15to have a reasons for entering or
5:14:16exiting each trade similar to exactly
5:14:18what I just said. It also helps with
5:14:20strategy development. It can help in the
5:14:22development of new trading strategies by
5:14:24providing insights into what works and
5:14:26what does not work. So, being able to
5:14:29look over your journal and see the data
5:14:30on it shows you the things that you
5:14:32should stop doing. Maybe you should stop
5:14:33trading on Tuesdays. Like for me, I know
5:14:36I should not trade natural gas on
5:14:37Thursdays because of me journaling, I've
5:14:40noticed that my win rate drops over 50%
5:14:43on Thursdays when I trade natural gas.
5:14:45So, what did I do? I just cut out
5:14:46trading natural gas. Simple as that. Uh
5:14:49it also helps with risk management. So,
5:14:50by journaling your trades you can assess
5:14:52whether you're effectively managing your
5:14:54risk exposure. Um there's and we'll get
5:14:56into this a little bit later on, but
5:14:58there's platforms that can journal your
5:14:59trades for you and they'll put it onto
5:15:01like a nice little calendar that it'll
5:15:03break down, okay, Tuesday, March 1st,
5:15:05you won $1,000. Thursday, March 7th, you
5:15:10lost $500,000.
5:15:13That's extreme, but you'll see like on
5:15:15your winning days you're like you're
5:15:16plus 1,000, plus 500, plus 600. On your
5:15:19losing days you're down 4,000, down
5:15:216,000. It puts you into perspective to
5:15:23realize I'm not managing my risk
5:15:25properly. I'm not risking
5:15:27the right amount of money for the amount
5:15:29of money that I'm making on my winning
5:15:30days. So, it helps you see that when you
5:15:32actually are journaling your trades.
5:15:35Um it's great for learning cuz it could
5:15:36be a valuable learning tool help you
5:15:37understand different market conditions,
5:15:39how various factors influence your
5:15:41trading. Um there's also traders who
5:15:43have noticed from their trading that
5:15:45they are much better at just buying
5:15:47trades versus selling them. So, they're
5:15:50good at seeing market when it's going to
5:15:52go up, but they're not good at seeing
5:15:53the market when it's going to go go
5:15:54down. So, they only really look for buy
5:15:56opportunities. There's people that have
5:15:58done that and it's just so much that you
5:15:59can learn when you journal your trades
5:16:01and pull the curtain back.
5:16:03So, how do we actually properly journal
5:16:05our trades?
5:16:06So, you're going to want to write in
5:16:07Like I said, there's platforms that will
5:16:09do this for you automatically. There's
5:16:10one that I've used um for the last
5:16:12couple years. I'll leave a link for it
5:16:14inside the description down below. It'll
5:16:15automatically get all this data. You'll
5:16:17just have to input one part in there,
5:16:19and that's the part and we'll get to
5:16:20that a little bit later on, but that's
5:16:21the part where you explain why you
5:16:22entered into the trade. But everything
5:16:24else, it'll completely automate it for
5:16:26you, so you don't have to do it. I
5:16:27highly suggest for every single trader
5:16:28to use it. I'll put a link for it, like
5:16:30I said, in the description down below to
5:16:31use that journal.
5:16:33Um but you're going to want to track if
5:16:34you're writing this yourself on a piece
5:16:36of paper or on a spreadsheet or
5:16:37something, you want to track the day and
5:16:39time that you took the trade.
5:16:41You also want to track what instrument
5:16:42you traded. Let's say you you traded NQ
5:16:45or you traded ES or CL, whatever it is.
5:16:48You want to track the direction of the
5:16:49trade, either you went long, you entered
5:16:51buys, or you went short, you entered
5:16:53sells.
5:16:55You also want to track the size of the
5:16:56position you took. So, how many
5:16:57contracts did you open up when you
5:16:59bought or sold that trade?
5:17:01You want to write down how much money
5:17:02you risked on the trade, how much money
5:17:04you planned on risking on the trade. So,
5:17:06let's say you planned on risking $500,
5:17:08you want to write that down.
5:17:11And then you want to write down the
5:17:12amount you expected to actually make on
5:17:14the trade itself. You're also going to
5:17:16want to write down how much you actually
5:17:18lost and how much you actually made on
5:17:20the trade cuz we can plan to lose 500,
5:17:22but if we cut our losses short, you can
5:17:24write that down as well. That's
5:17:26something you'll have to do manually if
5:17:27you do use an automatic system.
5:17:29Um but if you do it automatically based
5:17:30off of your trading if you uh just to
5:17:33cover the how much you planned on
5:17:35risking part. But if you ended up uh
5:17:37sorry, how much you actually
5:17:39risked part. Um cuz it'll show you how
5:17:41much you actually risked or how many how
5:17:43much you actually lost or how much you
5:17:44actually won, but it won't be able to
5:17:46track how much you planned on risking.
5:17:48Um but you do want to track that as
5:17:50well.
5:17:51You also want to track what strategy you
5:17:52used when you took that trade. You want
5:17:54to um track why you entered that trade
5:17:57as well. Um
5:17:59as far as did you enter because it broke
5:18:00above a swing high? Did you enter cuz
5:18:02you got a bullish engulfing? Did you see
5:18:03a doji? Did you see this? Did you see
5:18:06that? Whatever it is, you want to write
5:18:07that down because you'll notice patterns
5:18:09that, let's say your setups where you
5:18:11wait for a doji played out more than
5:18:13setups where you entered on a
5:18:15uh bullish engulfing or where you waited
5:18:17for a break of a swing high or swing
5:18:19low, played out better than when you
5:18:20waited for a hammer. Things like that
5:18:22you'll notice.
5:18:23Um you also want to obviously write
5:18:25whether the trade was profitable or it
5:18:27was a loss and the amount of profit or
5:18:29loss that you actually incurred or how
5:18:31much you actually lost or won.
5:18:33You also want to write how you manage
5:18:35the trade, including any changes to stop
5:18:36loss or take profit levels, when and why
5:18:38you decided to close the trade. So, this
5:18:41is another part you'll have to put in
5:18:42manually if you do decide to use any
5:18:43automatic journals. Um you'd want to
5:18:45write down why you changed your trade at
5:18:48all and I don't suggest you really
5:18:5090% of the time I don't suggest you
5:18:52changing your trade once you're in it.
5:18:53That's why I said to make your trade
5:18:55plan. That way you have that and you'll
5:18:56know exactly what you're going to do. Um
5:18:59but if you do do it some reason, uh you
5:19:02want to write down what you changed. Did
5:19:04you move your stop loss? Did you move
5:19:05your take profit? When and why did you
5:19:07decide to close the trade or move your
5:19:09stop loss or take profit? Just things
5:19:11like that.
5:19:12Uh you also want to write down the
5:19:13overall conditions of the market. So,
5:19:15something very short like you can just
5:19:17say was a news day or a lot of
5:19:19volatility or not a lot of volume. Um
5:19:22things like that. You want to write that
5:19:24down uh because you'll be able to see
5:19:25patterns in days where there's a lot of
5:19:27news, you might see that you win more or
5:19:30you lose more. You want to write that
5:19:31down and see that to be able to make
5:19:33decisions based off of that. You also
5:19:34want to write the reasons for the trade.
5:19:37So, your rationale for entering the
5:19:38trade including any technical or
5:19:39fundamental analysis that supported your
5:19:42decision. That's what we went over. And
5:19:44then this is the most um crucial one
5:19:46that I feel like a lot of people skip
5:19:47and I always tell my students to pay
5:19:49attention to this, but write why you
5:19:52think you won or lost the trade. So, if
5:19:54you lost the trade, but you think you
5:19:56lost it because you entered too early or
5:19:58because you entered too close to
5:20:02news events or whatever it is, write
5:20:04down why you think you who the trade.
5:20:05And also on the flip side,
5:20:07write down why you think you won the
5:20:08trade. Because you'll see patterns on
5:20:11why you think you won the trade, and
5:20:12you'll see patterns on
5:20:13um I think I won it because
5:20:16I saw three green candlesticks, and then
5:20:18I saw my entry candlestick. Or I think I
5:20:20lost it because I
5:20:23didn't wait until the candle closed. I
5:20:24just entered in the middle of the
5:20:25candlestick, and it whipped me out, or
5:20:28it it faked me out. Whatever it is, you
5:20:30want to write down why you think you won
5:20:31or lost the trade so you can see those
5:20:32patterns. It Journaling is all about
5:20:34seeing the patterns and seeing the data.
5:20:36I told you guys before that trading is
5:20:38all about gathering data and making
5:20:40decisions based off the data that you
5:20:42gathered. You have to gather the data
5:20:44with journaling, and then make decisions
5:20:45based off of that data that you did
5:20:48gather. So, track why you think you won
5:20:51or lost each of those trades. If you can
5:20:54do that consistently, and then look back
5:20:56on your journal at least once a week. I
5:20:58suggest for people to do it on like a
5:21:00Saturday or Sunday when the market's
5:21:01closed. Look back on your journal
5:21:04before the next week starts, make
5:21:06decisions and altercations al
5:21:08altercations. Altercations, what is the
5:21:10word? And make changes, we'll just use
5:21:13that. Um make changes to your system or
5:21:17your strategy based off of what you
5:21:19journaled the past couple weeks or so.
5:21:21If you do see any patterns, stop doing
5:21:24the things that um the patterns that you
5:21:26saw on your losing trades, and stop
5:21:28doing the things that or and start doing
5:21:30more of the things that you saw on your
5:21:32winning trades.
5:21:33Um and that'll help you out a lot. So,
5:21:35read back on your journal,
5:21:37do not just write these these things
5:21:39down and journal these trades and never
5:21:40look back on it, because that just
5:21:43becomes pointless at this point. You
5:21:45need to look at the data. It's going to
5:21:46be one of your most best friends, I
5:21:49promise you. People ask me all the time,
5:21:50"What was my biggest stepping stone to
5:21:52become a profitable trader?" And it's
5:21:54when I started consistently journaling
5:21:55my trades, and not just journaling them,
5:21:58but looking back on the data of the
5:22:00trades themselves,
5:22:01and adjusting my strategies, adjusting
5:22:04my systems, adjusting my psychology
5:22:06based off those things. Now, I'll be
5:22:09honest, journaling is honestly one of
5:22:11those things that most people skip
5:22:13because they don't have anyone holding
5:22:14them accountable, but it's so important
5:22:16that you actually do it, and you stay
5:22:18consistent with it. That's why I
5:22:20mentioned multiple times throughout this
5:22:21video that you should send this video to
5:22:23a friend right now if you haven't
5:22:25already.
5:22:26Set the time with whatever friend you
5:22:28send it to, or group of friends that you
5:22:29send this to, set a time to compare your
5:22:32journals every single week, set a time
5:22:34to review your journals, and it just
5:22:36makes it so much easier to actually take
5:22:38action, learn from your journal results,
5:22:41and actually be able to improve when you
5:22:43have other people doing it with you. I
5:22:45promise you that if you have somebody
5:22:46else to to go through this journey with
5:22:49you, you'll be it'll make this process
5:22:51so much easier, so much less stressful,
5:22:54and it'll just be a lot more fun. And
5:22:56you would get to the results you're
5:22:57trying to achieve a lot faster versus
5:23:00trying to hold yourself accountable. So,
5:23:01I mentioned prop firms, but let's dive
5:23:02into exactly what they are, and why they
5:23:05are literally game-changers for every
5:23:08single trader. In simple terms, prop
5:23:10prop firms give us as traders the
5:23:13opportunity to pray a pay a small amount
5:23:15of money, let's say five, six hundred
5:23:16dollars, to trade with capital as as
5:23:20high as two hundred, a hundred fifty
5:23:22thousand dollars, um two hundred
5:23:23thousand dollars, two hundred fifty
5:23:25thousand dollars with certain prop
5:23:26firms. Now, the way that they do this is
5:23:28you pay a certain a set fee to have an
5:23:31evaluation or a challenge most of the
5:23:33time, where you'll pay that five hundred
5:23:36dollars, and you pay that five hundred
5:23:37dollars to have the opportunity to prove
5:23:39to this prop firm, or prove to this
5:23:41company, that you can actually trade.
5:23:43And once you prove that you can actually
5:23:44trade, and that's that's you're proving
5:23:46to them that you actually trade by
5:23:47hitting certain profit targets, and not
5:23:50losing a certain amount of money before
5:23:51you hit that profit target. And then
5:23:52also some other small rules that
5:23:56they have on their websites and things
5:23:57like that. So, that's basically the gist
5:23:59of it. You're paying five, six hundred
5:24:01dollars to take a challenge and prove to
5:24:04a trader or prove to a prop firm or a
5:24:07funded account is another word for them.
5:24:08Prove to a funded account that you can
5:24:10actually trade. And once you prove to
5:24:12them that you can actually trade, they
5:24:13will let you trade with, let's say, a
5:24:15hundred or a hundred fifty thousand
5:24:16dollar account. And all the profits you
5:24:19make on that account, you keep a
5:24:20majority of the profits. Some of the
5:24:22prop firms are you keep a hundred
5:24:25percent of the profits. Some prop firms
5:24:26you keep ninety percent of the profits.
5:24:28Some you keep fifty percent of the
5:24:29profits. It all depends on the prop firm
5:24:30and there's so many different things to
5:24:32go through on the prop firms to
5:24:33understand them in the most way in the
5:24:35best way possible depending on you as a
5:24:36trader. But, for the most part, that's
5:24:39it. So, you're paying a certain amount
5:24:41of money to make a ridiculous amount of
5:24:43money. Cuz if you think about it, if you
5:24:44remember what I was just saying, twenty
5:24:46percent in a month is pretty great.
5:24:48Twenty percent on a hundred fifty
5:24:50thousand dollar account is thirty
5:24:51thousand dollars in a month. And the
5:24:53only thing you had to pay, the only
5:24:54money out of pocket for you
5:24:56is that five hundred or six hundred
5:24:58dollar fee that you have to pay to get
5:25:00access to take that challenge, to pass
5:25:02that challenge, and get funded. Now,
5:25:04these challenges are not easy, right?
5:25:06They're not like you're coming here and
5:25:07you're just randomly make money, right?
5:25:09That's not how it works. These
5:25:10challenges are built to filter out
5:25:12people who can trade and people who
5:25:14cannot trade. And then once you pass the
5:25:16challenge, most of the time,
5:25:18if the prop firm does have a challenge,
5:25:20most of the time, you pass the
5:25:21challenge, then you have to make more
5:25:22money, and then that money that you make
5:25:24on top of it, you can um withdraw a
5:25:27certain amount of that. Some of them
5:25:29will start off with smaller withdrawals
5:25:30that you could take. Then when you're
5:25:31more consistent with your trading, you
5:25:33can take out bigger withdrawals and
5:25:34things like that. There are a bunch of
5:25:35different prop firms, like I said. Uh,
5:25:37we'll go over a couple of them here, but
5:25:38I just want to go over a couple of the
5:25:40benefits of them. So, as I told you,
5:25:42they give you capital. You do not have
5:25:43to load up your own account. You If you
5:25:45don't have fifty thousand dollars, a
5:25:47hundred thousand dollars, a hundred
5:25:48fifty thousand dollars, you can leverage
5:25:51other people's money, which, like I
5:25:53said, is extremely beneficial. Um we all
5:25:56know like with real estate, you're not
5:25:57supposed to just go buy your house cash,
5:25:59right? You want to leverage other
5:26:01people's money, use other people's
5:26:02money, that way you can actually buy
5:26:04more of the asset. So, same way when it
5:26:06comes to trading,
5:26:07um it's honestly, if I they I didn't
5:26:10have prop firms or I wasn't aware of
5:26:12prop firms when I first started off
5:26:14trading in the beginning,
5:26:16um if I did, it would have been a lot
5:26:17easier and I wouldn't have lost that
5:26:19$60,000 of my own money.
5:26:21Um
5:26:22But yeah, so they give you capital, you
5:26:24can trade with their capital. The next
5:26:25thing is that they kind of force you to
5:26:26have risk management, because I
5:26:27mentioned to you guys that they have
5:26:29their own rules. You have to make this
5:26:31amount of money without losing this
5:26:33amount of money and doing this and doing
5:26:34this and doing this. So, they give you a
5:26:36set amount of rules, so it forces you to
5:26:38have risk management, because you don't
5:26:40want to lose the account. If you lose
5:26:41the account, you then have to pay that
5:26:42amount again. Now, keep in mind, a lot
5:26:44of people ask me this, when it comes to
5:26:45funded accounts, if you let's say you
5:26:48have a $100,000 funded account, if you
5:26:50lose $3,000 on that account, you don't
5:26:52actually lose $3,000. You don't have to
5:26:54pay them $3,000, you don't have to uh
5:26:56they're not going to come after you or
5:26:57nothing like that. You just lose the
5:26:58account, you blow the account, that's
5:27:00what we call it. When you blow the
5:27:01account, you can simply just buy the
5:27:03account again or retry it. You can
5:27:05actually pay a reset fee and reset it
5:27:07and start the challenge all over again.
5:27:09So, as you can see, this can be a very,
5:27:11very, very, very beneficial
5:27:13um thing for us as traders to be able to
5:27:15leverage other people's money while
5:27:17limiting our downside, because no matter
5:27:19what, if we paid $600 for that prop firm
5:27:22challenge, if we lose $20,000 on the
5:27:25account, most of them would not let you
5:27:26lose $20,000, but if you lose $20,000 on
5:27:29the account,
5:27:32you didn't lose $20,000. You only lost
5:27:34$600 out of your pocket. And that's one
5:27:36of the biggest benefits when it comes to
5:27:38prop firms. Um like I said, they also
5:27:40force you to have risk management,
5:27:41because you have to follow their rules
5:27:43to pass their challenge. Uh it also lets
5:27:45you use other people's money to make
5:27:46money, which is what we've talked about,
5:27:48leveraging other people's money. You
5:27:50don't have to put $20,000 of your own
5:27:52money into an account, $100,000 of your
5:27:54own money inside of account. You can pay
5:27:56that fee, make money,
5:27:58and withdraw percentage of the um the
5:28:01profits, and the prop firm keeps the
5:28:03other percentage of the profits. Uh you
5:28:05don't have to risk your own money, um
5:28:06and you have account resets, which like
5:28:08I said, you're not losing all the money.
5:28:10You're not buying a $150,000 account,
5:28:13losing $10,000, and now
5:28:16they're coming after you for $10,000.
5:28:17That's not how it works. You don't The
5:28:19only thing that you are accountable for
5:28:22is when you pay that challenge fee. And
5:28:23if you want to reset it, you can reset
5:28:26it. Uh so that's some of the benefits of
5:28:28a prop firm. We're going to get into
5:28:30exactly how to pass a prop firm here in
5:28:32a second, but I want to show you guys my
5:28:34favorite prop firm to use, and there
5:28:36there's a reason why it's my favorite
5:28:37prop firm to use, because it's my prop
5:28:39firm. If you guys haven't seen up here,
5:28:41um The Funded Trader, this is my prop
5:28:43firm. It's built by a trader, obviously
5:28:45me, for other traders. And I built it
5:28:47because I've gotten multiple payouts,
5:28:50tens of thousands of dollars from
5:28:51payouts from prop firms. I've seen the
5:28:53good about it. I've seen the bad about
5:28:55it. And I decided to, instead of kind of
5:28:58just being upset more so about the prop
5:29:00industry or um certain things I didn't
5:29:02like about specific prop firms. There
5:29:03are great prop firms out there, don't
5:29:05get me wrong, but there's certain things
5:29:06I don't like about prop firms that I
5:29:08really wanted to give um a different
5:29:11option to people that benefit traders
5:29:14more so than um just benefits the prop
5:29:16firms. So I built my own prop firm. Um I
5:29:19had the best team inside the world build
5:29:21this prop firm. The greatest thing, one
5:29:23of the best things about this prop firm,
5:29:25is that I mentioned to you guys most of
5:29:27the times you pay $500
5:29:29and you take a challenge. You take that
5:29:31challenge, you have to pass the
5:29:33challenge. Once you pass the challenge,
5:29:34you then have to make profits again,
5:29:36because when you pass the challenge,
5:29:37they reset the account. Let's say you
5:29:39you start at a a
5:29:41account. When you pass the challenge,
5:29:42and let's say you get it to the the
5:29:44profit target of
5:29:46a $150,000 account profit target is
5:29:48usually like $159,000.
5:29:50So, let's say you get it to that. Once
5:29:52you pass the challenge,
5:29:54they then reset you back down to a
5:29:56$150,000 account and you have to do it
5:29:59again and then you can start taking
5:30:00profits on top of that $9,000, if that
5:30:04makes sense. And I wasn't really a big
5:30:06fan of it. I wanted people to be able to
5:30:08purchase the challenge, start making
5:30:10money, pass a payment threshold as far
5:30:12as passing a certain amount inside the
5:30:14account, and everything above that
5:30:16account that they make, they can keep
5:30:17it.
5:30:18That's why I built The Funded Trader,
5:30:20which to me is obviously the best prop
5:30:23firm out. I'll go over a couple other
5:30:26um reasons why I love this prop firm,
5:30:28why I truly would suggest it for every
5:30:30single person watching this. Once you've
5:30:32went through your demo phase, once you
5:30:33went through um all the other phases,
5:30:35the small live account, then coming to a
5:30:37live funded account, sorry, a prop firm
5:30:39account, specifically for the reason
5:30:42that this is the best option for um to
5:30:46scale your trading after that. So, um we
5:30:49have no challenges on it. So, not a
5:30:51single challenge. You don't have to pass
5:30:53the challenge. You don't have to hit a
5:30:54certain profit target and then prove to
5:30:56us that you can trade. We are calling
5:30:58all really traders that have an edge
5:31:01already. What I mean by edge and why
5:31:02this is called The Funded is because an
5:31:05edge is a strategy that works. I teach
5:31:08on my YouTube channel strategies that
5:31:09work. So, I attract people who have an
5:31:12actual edge inside of the market, people
5:31:14who have um the ability to trade and
5:31:17want to be able to leverage how much
5:31:18money they're making with their trading
5:31:19without having to worry about
5:31:20challenges. So, we have a direct funding
5:31:22where you come in here, you're able to
5:31:24purchase a $50,000 account, a $100,000
5:31:27account, and a $150,000 account. And
5:31:29you're able to profit after you reach a
5:31:32certain threshold inside of your
5:31:34account. Once you reach that threshold,
5:31:36all the profits on top of it, you can
5:31:38start taking payouts on. You can start
5:31:40withdrawing that money. Same way applies
5:31:43to this. If you buy a $100,000 account,
5:31:46let's say you lose $3,000, you don't owe
5:31:49our prop firm $3,000. You would simply
5:31:52just have to reset your account and you
5:31:53can try again. Now,
5:31:56I want you guys to take this with a
5:31:57grain of salt.
5:31:59Just because you can reset your account
5:32:01does not mean I suggest for you to go
5:32:03and keep blowing accounts, blowing
5:32:04accounts, blowing accounts trying to get
5:32:06lucky. That's not how this works and
5:32:08that's only going to make you end up
5:32:09losing money. The goal of this is to get
5:32:11you guys to end up making money. So,
5:32:14that's why I said for you guys to go
5:32:15through that step-by-step process of
5:32:16starting on that demo account, then
5:32:18going to that small live account and
5:32:20getting consistent with that and
5:32:22building your confidence in your
5:32:23trading, and then go the route of a prop
5:32:25firm or um loading up your own live
5:32:28account to be able to make profits with.
5:32:31But, this is the prop firm that I truly
5:32:33would suggest. I will leave the link for
5:32:34this inside of the description down
5:32:36below. Um it's
5:32:39like I said, it's I built it to be the
5:32:40exact thing that I did not um well, the
5:32:45exact thing that I loved about prop
5:32:46firms and taking away the exact thing
5:32:48that I did not like about prop firms so
5:32:50that I felt made it way too hard for
5:32:53traders, new traders, and experienced
5:32:55traders to start making money in this
5:32:57space. So, like I said, I'll leave a
5:32:59link for this prop firm down in the
5:33:01description down below. But, now I'm
5:33:03going to dive into how do you actually
5:33:04pass this prop firms? How do you
5:33:05actually get money? If you decide not to
5:33:07go with the Edge Funder and not go with
5:33:09the direct funding where you actually
5:33:11try and pass a challenge instead of
5:33:13going direct to funding,
5:33:15we're going to dive into how do you
5:33:16actually do that? But, the same systems
5:33:18that I'm going to show you guys and the
5:33:19same techniques that I'm going to show
5:33:20you guys are the same things that you
5:33:21can use in here to skip the challenge
5:33:23phase process and just start making
5:33:25money without having to pass the
5:33:27challenge. You'll just follow the same
5:33:28steps that we're about to go over right
5:33:29now and you can start actually
5:33:31withdrawing real money into your bank
5:33:33account. But, yeah, like I said, I'll
5:33:35leave the link for this inside the
5:33:36description down below. And let's hop
5:33:38into how to actually make money from
5:33:40these prop firms. So, how do we make
5:33:43money with these prop firms? Regardless
5:33:46if you go with an instant funding like
5:33:48The Funded Trader or you go with a
5:33:50regular challenge account where you go
5:33:51through the challenges and then start
5:33:53making money on top of the after passing
5:33:55the challenge, it's important that you
5:33:57follow these specific steps cuz as I
5:33:59just mentioned, I don't want you buying
5:34:01these prop firm challenges just to lose
5:34:03them and rebuy them just to lose them,
5:34:05to rebuy them just to lose them. That
5:34:06should not be your mindset. I do not
5:34:08want that for you guys. I want you guys
5:34:09to be able to actually make money with
5:34:11these prop firms and by leveraging their
5:34:12money, not just keep feeding them money.
5:34:15So, how do we do this?
5:34:17The first thing and the first suggestion
5:34:19and first most vital tip that I have for
5:34:21you guys is to not trade your funded
5:34:23account every day. I know it can get
5:34:25very
5:34:26um you get very excited because you're
5:34:28like, "Man, I have $100,000 account
5:34:31right now. If I just make $3,000 on it,
5:34:34I can literally pay my my car note, I
5:34:36can pay my rent, I can do all this,
5:34:38right?" And I understand that, but what
5:34:40that does is that brings emotions in. I
5:34:43will keep saying this, you guys will
5:34:45keep hearing this that emotions and
5:34:47impulsiveness will make you the most
5:34:49unsex unsuccessful trader
5:34:52in a very, very short amount of time.
5:34:55When you get in that mindset and that
5:34:56emotion of
5:34:58um
5:34:59overly excitement or trying to rush the
5:35:01process, you're going to end up taking
5:35:03trades that are not there. You're going
5:35:04to end up
5:35:05saying that you're taking the ultimate
5:35:07support and resistance strategy, but
5:35:09you're just taking random trades or
5:35:10saying you're taking the squeeze
5:35:11strategy, but you're taking random
5:35:12trades. Saying you're taking the
5:35:13scalping strategy, but you're just
5:35:15literally taking random trades.
5:35:17I 100% do not suggest that you trade
5:35:20every single day. This should be the
5:35:22funded account that you're using should
5:35:23be used to trade when everything aligns
5:35:26on your checklist.
5:35:28What tell people and what I suggest is
5:35:29if everything does not align on your
5:35:31checklist, but you're just itching to
5:35:32trade, go on a demo account. Trust me,
5:35:36going on a demo account when you really,
5:35:37really want to trade, but you know it's
5:35:40not a good setup, will save you so much
5:35:41money and it'll get that itch out.
5:35:42You'll still be able to feel that that
5:35:44that dopamine hit of you actually
5:35:46trading. So, don't trade your funded
5:35:47account every day. Only trade it when
5:35:48it's the good setups and everything
5:35:50checks off. Now, when it comes to risk,
5:35:53so risk, as I said or prop firms, as I
5:35:55said, they're going to give you their
5:35:57own rules. So, a lot of them will be
5:35:59like, you can't if you have a $100,000
5:36:01account, you can't lose more than
5:36:03$4,000, right?
5:36:05So, what you want to do is not risk too
5:36:07much money, especially as a new trader.
5:36:10And this is the the area that I would
5:36:12suggest for most of you guys to be in,
5:36:13which is the conservative approach of
5:36:15risking 1/2% to 1% per trade. And what
5:36:17that looks like is if you have a
5:36:19$100,000 prop firm account, um you can
5:36:22risk $500 per trade all the way up to
5:36:25$1,000 per trade, and that's it, right?
5:36:28Um now, if you're more advanced, and I
5:36:30have a one right here, you can risk 1
5:36:33and 1/2% to 2% on each trade. And that's
5:36:35to be more aggressive. As I explained
5:36:37here, that's for experienced traders
5:36:39only. What most of you guys should be
5:36:41doing right now, at least for the first
5:36:43couple months as traders, is risking a
5:36:45max of 1% per trade on your funded
5:36:48account. If you have a $100,000 account,
5:36:50you're not supposed to be risking more
5:36:52than $1,000 per trade. You should really
5:36:55be risking about $500 to $750 per trade
5:36:59on your prop firm account or on your
5:37:00funded account. It does not make sense
5:37:03for you to be aggressive and try and
5:37:04rush it, cuz what's going to end up
5:37:06happening is if you're too aggressive
5:37:07and you're not experienced enough,
5:37:10you're going to end up risking 1 and 1/2
5:37:12to 2% per trade, and you're going to
5:37:14blow your account in one day. We don't
5:37:15want that to happen. We want you to have
5:37:17longevity in this, but we also want you
5:37:18to have breathing room, because no
5:37:20matter what, no matter what strategy
5:37:21you're using, you're going to end up
5:37:22losing. And there are times when you can
5:37:24go on a losing streak. So, having your
5:37:27um
5:37:28risk lower allows you to go on a losing
5:37:30streak, but still not lose your account.
5:37:33Like all every single strategy that we
5:37:34went over today, the uh ultimate support
5:37:37and resistance strategy, the squeeze
5:37:39strategy, and the
5:37:41um
5:37:42scalping strategy. I've used every
5:37:44single one of them individually to pass
5:37:46prop firms and make money with them. So,
5:37:48the strategy works completely. I've done
5:37:50this multiple times. I literally just
5:37:51passed five account challenges cuz
5:37:53somebody had challenged me to do one.
5:37:55They They thought I couldn't do one. So,
5:37:56I passed five challenges in
5:37:594 days or something like that. Um 4
5:38:02days, 3 days? I forget. But, every And I
5:38:05was using this the scalping strategy for
5:38:06that one. So, every single one of the
5:38:08strategies can be used to pass prop
5:38:11firms and make money. If you're using
5:38:12the instant fundings, like The Funded
5:38:14Trader, you can pass You don't even have
5:38:16to pass the challenge. You can use these
5:38:17strategies to start making money
5:38:19instantly on uh these prop firms. But,
5:38:22the thing is, if you don't give yourself
5:38:23enough breathing room, if you go on a
5:38:25two loss a two lose streak or you you're
5:38:29you're on a two losing streak, I That's
5:38:30how you put it. If you're on a two
5:38:32losing streak,
5:38:33and you over leveraged, you lo- you
5:38:36risked way more than you should have,
5:38:38the account's gone, and then you have to
5:38:39buy a new account. Now, obviously it's
5:38:40not the end of the world. You don't owe
5:38:42them $10,000. But, still, you having to
5:38:44keep buying accounts could add up over
5:38:46time, and we don't want that. So, uh
5:38:49like I said, be conservative with your
5:38:51trading, especially when you're first
5:38:52starting off. If you're new to trading
5:38:54or if you're new to prop firms, be
5:38:56conservative.
5:38:57And then when you're more advanced, um
5:38:58possibly you can up that risk to about 1
5:39:00and 1/2%. Now, understand you can reset
5:39:02your challenge, but don't abuse it. Now,
5:39:05I've talked about this a couple times
5:39:06already, but what I mean is some people
5:39:08will come in here and just hail Mary it,
5:39:10right? They'll be like, "Okay, I'm just
5:39:12going to make
5:39:13I'm going to risk $10,000 on this
5:39:16account. I'm going to make 10,000,
5:39:17right? It's either I lose 10,000 or I'm
5:39:19going to make 10,000. First of all, some
5:39:21prop firms have rules set in place to
5:39:23stop you from being able to just
5:39:24randomly get lucky and make a hundred
5:39:26million dollars.
5:39:27Um, but even if they don't have that set
5:39:29in place, still don't abuse it cuz I
5:39:30promise you majority of time you're
5:39:32going to lose every single time. You're
5:39:34going to lose the account, have to try
5:39:36again. Lose the account, try again. Lose
5:39:38the account, try again. Lose the
5:39:38account, try again. And you don't want
5:39:40to abuse the whole aspect of being able
5:39:43to reset an account. You want to trade
5:39:45this funded account as if it's your live
5:39:47account. Treat it as if it's like your
5:39:50actual funds. Like it's if it's actually
5:39:52a hundred and fifty thousand dollars in
5:39:53your account or actually um, a hundred
5:39:55thousand dollars in your account. So be
5:39:57very cautious of that. Next, like I
5:39:59said, I'm going to double down on this
5:40:02is don't trade your funded account every
5:40:03day. Only take the A+ setups. A+ setups
5:40:06for me is when everything aligns. If one
5:40:09thing's missing, it's not an A+ setup.
5:40:11When it comes to trading your funded
5:40:12account, only take the A+ setups. If you
5:40:15really want to trade but everything's
5:40:17not aligning,
5:40:18go on a demo account. I promise you
5:40:20it'll save you so much money.
5:40:22But, realistically,
5:40:25just be very um,
5:40:26cautious of when you're trading prop
5:40:28firms because a lot of people will come
5:40:30into the prop firm space and buy a prop
5:40:32firm and treat it as if they have that
5:40:34demo account uh, kind of euphoria that I
5:40:36talked about before. These prop firms
5:40:37are not demo accounts. These prop firms
5:40:39cost you your money. They um, it's not
5:40:42just free lying around. So don't get in
5:40:44that euphoria just because the number is
5:40:46big. Just because your account size is a
5:40:47hundred thousand dollars on a prop firm,
5:40:49don't let it get to your mind where you
5:40:50just start randomly taking trades. Treat
5:40:52this more serious than you would that
5:40:54small live account that you have. Now
5:40:56before we hop into how to actually
5:40:57create a trading plan, why is a trading
5:41:00plan so important? A trading plan allows
5:41:01you to have
5:41:02uh, risk management. It helps you have a
5:41:04defined risk management strategy that
5:41:06will help ensuring that you don't expose
5:41:08yourself to extreme risk on a single
5:41:10trade or over time. So risk management
5:41:13Risk management means in simple terms is
5:41:16managing your risk, making sure that
5:41:17you're not losing more than you're
5:41:18supposed to, you're risking a consistent
5:41:21amount, you're risking a known amount. A
5:41:23lot of people will come into this and
5:41:24just They don't know how much they're
5:41:25risking per trade, and somehow they're
5:41:27down a hundred million dollars. Having a
5:41:29trading plan stops that from happening.
5:41:32Um it helps with consistency. So, it
5:41:33promotes consistency in trading
5:41:35decisions, which is very crucial for
5:41:38measuring performance and success over
5:41:40time. You really have to trade like a
5:41:42robot. That's why I make systematic
5:41:44approaches. That's why all my strategies
5:41:45in this video are all systematic. So,
5:41:48it's not thinking. You do exactly what
5:41:50the strategy says, and the strategy
5:41:51works.
5:41:54It helps with logical decision-making.
5:41:56Having a well-structured plan reduces
5:41:57emotional and impulsive decisions, which
5:41:59helps you make reasonable and logical
5:42:01decisions in trading.
5:42:03The biggest downfall as that traders
5:42:06have a lot of traders have is being too
5:42:08emotional and being impulsive. Emotional
5:42:11and impulsive decisions will cost you
5:42:13the majority of your money inside of
5:42:16your trading careers. So, you need to
5:42:17make logical decisions, and how you do
5:42:18that is with having a solid trading
5:42:20plan. Now, it also lets you or helps you
5:42:23with goal setting. So, it allows traders
5:42:25to set clear and achievable goals
5:42:27and work consistently towards achieving
5:42:29them.
5:42:30Um having a plan streamlines the trading
5:42:32process, makes it way more efficient,
5:42:34less time-consuming, and more
5:42:35stress-free because you're not thinking
5:42:37about what you're doing. You're
5:42:38following your trade plan. You're
5:42:40following that checklist. You're
5:42:41following the thing that is um the
5:42:44system that has been proven to work.
5:42:47It helps with your confidence as well
5:42:48because traders with a solid plan often
5:42:50have more confidence in their decisions,
5:42:52which can lead to better trading
5:42:54outcomes. Now,
5:42:56I told you guys that confidence is a
5:42:58huge thing to have, and you get
5:42:59confidence by having the data. That's
5:43:02why we talked about back testing just
5:43:03now because when you have the data that
5:43:05tells you that 70 out of the 100 trades
5:43:08you take, you're going to win, you have
5:43:10a certain level of confidence. Now, you
5:43:12don't know when that other 30's going to
5:43:14happen. You don't know when your losses
5:43:15are going to happen. You just know over
5:43:17a long period of time, you're going to
5:43:19be profitable and you're going to be
5:43:20winning more trades than you lose.
5:43:23Um it helps with discipline. So,
5:43:24following a plan requires discipline. A
5:43:26key attribute to trading
5:43:28um
5:43:29is helping to avoid rash decisions based
5:43:31on market noise. So, we need to be
5:43:33extremely disciplined. If you're not a
5:43:34disciplined person, trust me, trading
5:43:36will make you very, very disciplined
5:43:38because you need to have discipline to
5:43:40succeed in trading.
5:43:42Now, let's get into how to actually
5:43:43build your trading plan. What do you
5:43:44need to have in your trading plan so
5:43:46that you personally can make your own
5:43:48because my trading plan is not going to
5:43:50be the same as your trading plan. My
5:43:51rules are not going to be the same as
5:43:53your rules, but we need to have rules
5:43:55because another big part of it, another
5:43:57big part of having a trading plan
5:43:59benefit, I should say, is and I want you
5:44:02guys to think first for yourself. I
5:44:03don't know if you're you're in school, I
5:44:04don't know if you have a job. Um but if
5:44:06you're in school or you have or you have
5:44:08a job, you have somebody holding you
5:44:10accountable. You have a boss saying you
5:44:12have to do this, this, and this. If I
5:44:14see you doing this, you're fired. You
5:44:15have a uh a coach um or you have a a
5:44:18school teacher that's like, if you're if
5:44:20you don't do this, this, and this,
5:44:21you're out of here, right? You have
5:44:23somebody holding you accountable. When
5:44:24it's trading, it's you and a computer.
5:44:26Like, if you don't have the discipline
5:44:28to follow your trading plan and not risk
5:44:31your rent money and not make stupid
5:44:33decisions, there's no one that holds you
5:44:35accountable. The only thing that's
5:44:36holding you accountable is you running
5:44:38out of money. But having a trading plan
5:44:40forces yourself to hold you accountable.
5:44:42It's like having your own personal
5:44:43coach. It's like having your own
5:44:45teacher. It's like having giving
5:44:47yourself a boss cuz you have to follow
5:44:49this trading plan. Now, I'll show you
5:44:50guys how you actually make sure you
5:44:51follow it regardless if you're a
5:44:53disciplined person or you're not a
5:44:54disciplined person. So, um let's get
5:44:56into building your trading plan.
5:44:59So, the first thing you need to have in
5:45:00your trading plan is you need to
5:45:01identify the kind of trader you are. So,
5:45:04you need to identify if you're a
5:45:05scalper, a swing trader, or intraday
5:45:07trader. We went over all three of those
5:45:09are. Identify for yourself um
5:45:12based on your personality, your trading
5:45:14goals, how much time you have during the
5:45:15day, define what type of trader you are
5:45:17cuz you need to be aware of that.
5:45:19Next, you need to give yourself a time
5:45:22frame. Just like with the job, you're
5:45:23there from 9:00 to 5:00, you're at
5:45:25school from I don't even know what kids
5:45:26are in school, 7:00 to
5:45:303:00 maybe. I don't know what time kids
5:45:31are in school. Um but whatever, give
5:45:33yourself a time frame for when you're
5:45:34allowed to trade. And the reason why
5:45:37it's so important to give yourself a
5:45:38time window is even when we go back to
5:45:41our backtesting, how we just talked
5:45:42about backtesting, we're using the kill
5:45:44zone indicator to stop us from trading
5:45:46at 4:00 in the morning cuz we don't
5:45:48trade at 4:00 in the morning. We're
5:45:49using the kill zone indicator to tell us
5:45:51or to show us to not trade or
5:45:54to show us that it's 9:00 at night. We
5:45:57know we don't trade at 9:00 at night.
5:45:58We're usually eating dinner with our
5:45:59family or whatever it is, right? So, we
5:46:02know we don't have any data tested for
5:46:04that period. So, it doesn't make sense
5:46:06to trade that period. So, having a a
5:46:08rule or in your trading plan, having a
5:46:10set of rules that's like I'm only able
5:46:13to take trades from
5:46:148:00 a.m. to 1:00 p.m. It stops you from
5:46:17taking trades outside of your window
5:46:19that you don't know. You never tested
5:46:205:00 p.m. You never tested 6:00 p.m. It
5:46:22stops you from taking those trades um
5:46:25when you're just bored, playing video
5:46:26games, and it's 7:00 p.m. and you just
5:46:29see a chart open and you just want to
5:46:30press buy or sell. It stops you from
5:46:31doing that, having that. So, make sure
5:46:33you put the time frame that you're
5:46:35allowed to trade from. Now, that doesn't
5:46:36mean if you put 8:00 to 2:00 p.m. that
5:46:39you're sitting in front of your charts
5:46:40for eight from 8:00 to 2:00 p.m. That
5:46:42just means if a trade happens
5:46:44between 8:00 and 2:00, you can take that
5:46:46trade. If you're sitting at your desk
5:46:48and the perfect setup happens at 4:00
5:46:49p.m., but your rule says you stop at
5:46:512:00, you stop at 2:00. You do not take
5:46:53that next one.
5:46:55Next thing is what instruments you're
5:46:56allowed to trade. So, as beginners,
5:46:58right, we can get very very overwhelmed.
5:47:00We think if we have a hundred million
5:47:02charts open that that's that's what
5:47:05makes us successful. We have NQ, ES, YM,
5:47:08gold, Ethereum, Bitcoin, Tesla, Nvidia.
5:47:12Um we have all these things open and we
5:47:14get super confused. I do not suggest
5:47:15doing that. For beginners, I suggest to
5:47:18focus on two to three instruments max.
5:47:22And the reason why is cuz each
5:47:24instrument or each pair, as we've talked
5:47:26about, has their own personality. And if
5:47:28you're trying to learn I got analogies
5:47:30for days. My analogy for this and what I
5:47:31tell a lot of my students and people
5:47:33inside my inner circle,
5:47:34um my analogy for instruments is imagine
5:47:38you're a guy or you're a girl and you're
5:47:40trying to date 20 different people.
5:47:43You're going to forget the name of this
5:47:44person. You're going to forget the
5:47:45favorite color of this person. You're
5:47:47going to forget what you did on one
5:47:48night with this girl versus what you did
5:47:49on one night with that girl. You're
5:47:51going to it's going to get all confused
5:47:52cuz you don't understand you don't
5:47:54remember their personalities cuz there's
5:47:55too many of them. Versus if you were
5:47:57nice, loyal person and you were only
5:47:59with one person, you would know that
5:48:01person in and out. Same way when it
5:48:03comes to trading. You don't want to have
5:48:04a million things on your watch list
5:48:06because you'll never learn the
5:48:08personality of that one or that two or
5:48:10that three max that you should trade.
5:48:13So, when creating your trading plan,
5:48:15decide what pair you're going to be
5:48:18allowed to trade, what pairs. Like I
5:48:20said, I suggest max three, but if you
5:48:22can focus on just one, you're going to
5:48:24be set. You do not need multiple pairs
5:48:27to trade. I promise you, if you can just
5:48:29focus on one and master one, you'll be
5:48:31rich beyond your wildest belief. But, I
5:48:34understand people want to try out other
5:48:35things. So, three max. One to two is the
5:48:38sweet spot though. And have that in
5:48:40there. You cannot trade anything else.
5:48:41If you say you only trade NQ and and and
5:48:43NG,
5:48:44don't open up a ES chart. Don't want to
5:48:46open up a YM chart. Don't open up
5:48:50a a a forest chart. Stick with that.
5:48:53Next, you want to define what strategies
5:48:55you're allowed to trade. So, there's a
5:48:56million different strategies that you
5:48:57can trade, and you'll get extremely
5:48:59confused if you try and trade all of
5:49:01those strategies. So, in your trading
5:49:03plan, clearly define which strategies
5:49:05you're allowed to trade. Max two. Do not
5:49:08go over two strategies or two setups.
5:49:10Um choose which one fits your
5:49:12personality. You can test all them out.
5:49:14Test all them out and see which one
5:49:15performs best for you, the one that you
5:49:17understand the most, and choose two out
5:49:20of those, right? You have to define
5:49:22those strategies. That way, if you only
5:49:24trade the ultimate support or resistance
5:49:26strategy and the scalping strategy, I
5:49:28don't care if the squeeze strategy shows
5:49:30up perfectly. That's not your strategy,
5:49:32it's not in your trading plan, it's
5:49:33against your trading rules to trade
5:49:34that. So, you don't trade that.
5:49:37Set risk management rules. So, what that
5:49:39looks like is set a risk
5:49:42uh a max risk per day or per trade. So,
5:49:45you can be like, "Okay, I'm only going
5:49:46to risk $1,000 per day, or I'm only
5:49:48going to risk $300 per trade." You
5:49:50cannot go over that number. If you lo-
5:49:52if you lose over $1,000, you have to
5:49:54stop for the day. If you risk, you
5:49:57cannot when you're setting up your
5:49:58trades and choosing how many contracts
5:49:59you're going to trade, you have to keep
5:50:01in mind
5:50:02that you cannot risk more than whatever
5:50:04that amount is. Let's say your number is
5:50:05$300 per trade. Have that in mind cuz
5:50:08you need to have a solid risk management
5:50:10strategy
5:50:11and set of rules. You also want to
5:50:13define the max amount of trades you're
5:50:15allowed to take per day. Now, the reason
5:50:17that that is so important is because us
5:50:20as traders, we think the more trades we
5:50:23take, the more money we make.
5:50:25In reality, the more trades we take, the
5:50:26less quality trades we take, the more
5:50:28money we give back to the markets. We'll
5:50:30get into this deeper later on inside
5:50:32this video, but we need to uh you need
5:50:34to understand that you should have a
5:50:36small amount of trades, small pool of
5:50:38trades that you're allowed to take per
5:50:39day and per day, sorry. And this will
5:50:41vary depending if you're scalper, swing
5:50:43trader, intraday trader. Scalpers,
5:50:45usually what I like to say is no more
5:50:48than four trades per day. Four, five
5:50:50trades per day. Intraday traders, no
5:50:52more than three trades a day. Um and
5:50:54swing traders,
5:50:55honestly, I say about three a week.
5:50:58Honestly, no more than max three a week.
5:51:00Um because what ends up happening is if
5:51:02you don't have a max amount of trades
5:51:04you're allowed to take per day, you can
5:51:05easily go on tilt, especially as a
5:51:07scalper, and take 30 trades in one day.
5:51:10And
5:51:11you were taking super not quality
5:51:13trades. You were taking trades that
5:51:15didn't line up with the checklist, that
5:51:16weren't perfect setups, and you're
5:51:17giving money back to the market. So,
5:51:19have a clearly defined max amount of
5:51:20trades that when you hit that max amount
5:51:22of trades, you're done for the day and
5:51:24stop. Clearly set your entry criteria
5:51:26for entering trades. So, you want to
5:51:27have a clear entry criteria. So, we
5:51:30explained for the hybrid, not the
5:51:32hybrid, for the um ultimate support and
5:51:35resistance strategy, that we need it to
5:51:37break above a swing high or swing low.
5:51:39Clearly define that. Whatever yours is,
5:51:41if that is yours, good. If you have
5:51:42something else, clearly define that.
5:51:44That way that stops you from randomly
5:51:46entering trades just cuz you felt like
5:51:48it, right? Clearly define what you need
5:51:51to see to enter a trade and stick to it.
5:51:54Next, you want to set rules for trading
5:51:55during the news/high volume event. If
5:51:58you know the fundamentals, we went over
5:51:59the website that you go to see when news
5:52:01is going to come out. Are you allowed to
5:52:02trade news? If you are, are you allowed
5:52:04to trade all throughout it? If you're
5:52:06not, what is the buffer that you give
5:52:07news to play out? Is it like there's
5:52:10heavy news, there's red folder news
5:52:11coming out at 8:00 a.m. Do I have to
5:52:13wait until after 8:30 to start trading?
5:52:16Just clearly define that, so you have
5:52:17that inside of your
5:52:19trading rules, so you don't mess
5:52:21yourself up.
5:52:22And then also create mental rules for
5:52:24before, during, and after trades. Um so,
5:52:27what I mean by that is, like I
5:52:28mentioned,
5:52:30impulsive decisions and emotions really,
5:52:33really
5:52:35um mess us up as traders.
5:52:38So, if you just got broken up by the
5:52:39love of your life,
5:52:42I promise you you're not at the mental
5:52:43state that you should be to be able to
5:52:45make clear decisions in the market and
5:52:47make money.
5:52:48So, give yourself rules for if you had a
5:52:51long day at work and you're too tired,
5:52:53don't trade. Give yourself rules that's
5:52:55like if your girlfriend just left you,
5:52:59don't trade cuz you're going to end up
5:53:00taking out your pain on the markets and
5:53:03the markets are going to beat you up
5:53:04beat you up, steal your money, and
5:53:06you're still going to be sad, but you're
5:53:07just going to be sadder and broker.
5:53:10If you're angry, if you just got in a
5:53:11fight with your dad about something, you
5:53:14should not be trading. You need to be at
5:53:16the most neutral state of emotions
5:53:18possible when it comes to trading so
5:53:20that your emotions do not affect how you
5:53:22trade or how you see the markets. So,
5:53:24have rules for that.
5:53:26Um next you want to have clear defined
5:53:29exit strategies. So, is it whenever you
5:53:33um get to a recent swing high or recent
5:53:34swing low, you're going to exit the
5:53:36trade? Or whenever you
5:53:38um
5:53:40make this profit, you're going to exit
5:53:42the trade. I don't really suggest going
5:53:43for profit targets like dollar amounts
5:53:45um cuz I feel like you leave so much
5:53:46money on the table when you do that, but
5:53:48if that's your thing, that's your thing.
5:53:49I just personally don't suggest that.
5:53:51But, just create a clear defined exit
5:53:52strategy
5:53:54for when you're trading. Then lastly,
5:53:56this is the most important part. I
5:53:57promise you this is the most important
5:53:58part. If you don't do this,
5:54:01everything I said for the last freaking
5:54:0313 minutes, if not the last couple
5:54:05hours,
5:54:06pointless.
5:54:08You need to create a consequence for
5:54:10breaking your trading rules and plan.
5:54:13Take it from me. Like I said, I've
5:54:15helped tens of thousands of people learn
5:54:18how to day trade.
5:54:21The biggest thing that people have or
5:54:23lack is the discipline to be able to
5:54:27trade consistently and make money. The
5:54:30reason being is because
5:54:32losing money is not enough pain for
5:54:34people. I don't know what you would
5:54:35think it would be enough. I guarantee
5:54:36you're saying in your mind right now,
5:54:38"If I lost $1,000, I would stop doing
5:54:40the stupid mistakes that I keep making."
5:54:42Promise you you're not going to.
5:54:43It happens to every single person.
5:54:45Losing money in trading
5:54:47is not a big enough slap in the face to
5:54:49stop you from breaking your rules. If
5:54:51you know your rule says, "You cannot
5:54:53trade more than five times a day." and
5:54:55you take 10 trades,
5:54:56and those 10 trades cost you
5:54:59$400,
5:55:01you're going to wake up the next day and
5:55:02probably still going to take another 10
5:55:03trades. It's It's not enough. You need
5:55:06to create a real-life consequence. Now,
5:55:07I'll say this, and this I I try and say
5:55:09this in the softest way possible. This
5:55:11is how I explain it to my uh mentorship
5:55:12students.
5:55:14Give yourself a consequence that will
5:55:16give you a soft version of PTSD.
5:55:19Now, um what I mean by that is something
5:55:22that you will remember. When your finger
5:55:25Let's say you your max trades is
5:55:27three per day, and your finger's
5:55:29hovering over that button to enter your
5:55:31fourth trade, you're going to flashback
5:55:33in your mind of the consequence that you
5:55:35have to do when you break your trading
5:55:36plan, and it snatches your hand away.
5:55:39This is how you hold yourself
5:55:41accountable to your trading plan. This
5:55:42is how that trading plan becomes your
5:55:44boss. This is how that trading plan
5:55:46becomes the teacher that's holding you
5:55:47accountable. This is how that trading
5:55:49plan becomes the one thing that allows
5:55:52you to not just become profitable, but
5:55:54to stay consistently profitable. You
5:55:55need to have a real-life consequence,
5:55:57something that you feel, something that
5:55:59you will remember. I can't give you one,
5:56:01but what I suggest for most people, and
5:56:03it seems to work well,
5:56:05unless you're like a crazy person,
5:56:07every single time you break any of your
5:56:08rules, I'm talking about the smallest of
5:56:10rules. If it says you can't trade after
5:56:122:00 p.m., you made the rules. You can't
5:56:14get mad at me. You made the rules. If it
5:56:16says you can't trade after 2:00 p.m.,
5:56:18and you open a trade at 2:01,
5:56:21broke a rule, you got to do the
5:56:22consequence. If it says you can't risk
5:56:24more than $300 per trade, and you close
5:56:27the trade out, and it's $301,
5:56:29you you the rule.
5:56:31If it says you can't do whatever and you
5:56:33break the rule, you have to do the
5:56:35consequence. Now, the consequence I
5:56:37suggest for most people is to take a ice
5:56:39bath. Um
5:56:41I know few people that like ice baths.
5:56:43I've had one-on-ones with a lot of
5:56:45students and some of them are like,
5:56:46"Yeah, I do that every morning. That's
5:56:47nothing."
5:56:49Kudos to you, um David Goggins, but it's
5:56:53not for me. It's not for most people.
5:56:55But, you know you more than I know you.
5:56:57You know something that you would hate.
5:56:58I have people that have to run 4 miles.
5:57:00I have people who have to give their
5:57:01sisters money. I have people who have to
5:57:04um There's someone that has to take some
5:57:05type of concoction where he has It's
5:57:07like some oil that has horseradish and
5:57:10it's just super super nasty. So, every
5:57:12time he breaks the training um any of
5:57:14his training rules in his plan, he has
5:57:16to do that nastiness. Or, you have to do
5:57:18whatever your consequence is. If you
5:57:20know you're a person that absolutely
5:57:23hates running,
5:57:25every time you break one of your
5:57:26training rules, tell yourself you have
5:57:28to run 2 miles. Instantly. I'm talking
5:57:30about as soon as you break the rule, you
5:57:32have to do the consequence. I'm not
5:57:33saying you play you you build up all
5:57:35your rules and then you go do it on the
5:57:37Saturday. As soon as you break that
5:57:39rule, as soon as you lose more than that
5:57:40$300 or whatever your number is,
5:57:43you go do that consequence because it
5:57:45needs to get ingrained in your mind. I
5:57:46told you guys soft PTSD, not real PTSD.
5:57:49Soft PTSD where when you're hovering
5:57:51over that button
5:57:53to break that trading rule, you remember
5:57:56that 4-hour bike ride that you had to
5:57:58take.
5:57:59And you hate riding bikes, right? So,
5:58:02for yourself, write that down. Write
5:58:03down whatever that consequence is. You
5:58:05hold yourself accountable with that
5:58:06consequence. Make it something What I
5:58:08say to all my students is make it
5:58:10something that you won't want to do more
5:58:11than two times. I promise you you're
5:58:12going to mess up. You're going to do it
5:58:14the first time. You're going to break
5:58:15your training rules. It's guaranteed.
5:58:17Every single one of my students have
5:58:18done it. And like I said, I've helped
5:58:20over I've helped tens of thousands of
5:58:22people and every single one of them has
5:58:23had to do the consequence at least one.
5:58:26I can't remember the last time I've had
5:58:28someone had to do it more than three
5:58:29times.
5:58:30So,
5:58:31if it takes you three times to have to
5:58:32do your consequence, that's bad. You
5:58:34didn't make your consequence bad enough.
5:58:36So, um yeah, but that's how you create a
5:58:38trading plan and how you hold yourself
5:58:40accountable to that trading plan. It's
5:58:42very, very, very important that you go
5:58:45through all this,
5:58:47answer each and every one of these
5:58:48questions, and put your consequence for
5:58:51breaking any of these trading plans or
5:58:54trading rules.
5:58:55All right, so this is arguably the most
5:58:57important part of this entire course.
5:59:01It's the psychology, right? It's
5:59:03mastering the mental game when it comes
5:59:04to trading. In this section, you guys
5:59:07really have to pay a lot of attention,
5:59:08and please trust me, this is important.
5:59:10And I know what you're thinking, you're
5:59:12thinking your psychology is strong, your
5:59:14mental game is strong, you have control
5:59:16of yourself, you're very disciplined
5:59:17person. I was in your shoes, I thought
5:59:19the same exact thing, and when I was
5:59:20watching courses and getting taught and
5:59:22watching YouTube videos, I skipped over
5:59:24the psychology part every single time.
5:59:26you guys, if you skip over it, you're
5:59:29going to skip over it for two years
5:59:31only to realize that when you come back
5:59:33and focus on your psychology, that's
5:59:36when you're actually going to become
5:59:37profitable. You will struggle for two
5:59:39years skipping and ignoring the mental
5:59:41game of trading and not understanding it
5:59:43and not knowing how to master it, but if
5:59:45you guys can listen for next few minutes
5:59:47or so and just let me give you guys the
5:59:49seven principles that turned me
5:59:51unprofitable and how I helped
5:59:52unprofitable traders turn to
5:59:54consistently profitable ones, I promise
5:59:56you guys, you guys will appreciate it.
5:59:59Just Just believe me when I tell you
6:00:00this. Now, first of all, as I mentioned,
6:00:02five years of failure taught me that
6:00:05trading is 80% psychology. It's 80% your
6:00:08mind and the mental game. 20% of it is
6:00:11the technical analysis. 20% of it is the
6:00:13strategies. The risk management Oh, risk
6:00:15management is part of psychology, but
6:00:1720% of it is the strategies,
6:00:19um drawing your support and resistance
6:00:21zones, trend lines. like that's that's a
6:00:23small percentage of it. Honestly, after
6:00:25watching through this entire course
6:00:26video, you should be able to know how to
6:00:28draw support resistance zones. You know
6:00:30how to do technical analysis. The hard
6:00:32part is mastering this mind. The hardest
6:00:35That's the hard part, mastering the
6:00:36psychology of it. But by end of this
6:00:38section of the course, you are going to
6:00:42hopefully absorb all this and take it on
6:00:46and stop yourself from wasting years
6:00:48of failure.
6:00:50Cuz realistically, I had strategies, but
6:00:52I still lost money. And it wouldn't make
6:00:54sense cuz I'd see everybody else with
6:00:55the same strategy making money. I
6:00:58panicked in trades, I chased losses, I
6:01:00essentially sabotaged myself for over 5
6:01:04years struggling to trade. But the seven
6:01:06principles that I'm about to share with
6:01:07you guys is what helped change literally
6:01:10everything.
6:01:12So, principle number one,
6:01:14this is important.
6:01:16You need to follow your strategy, not
6:01:19your emotions. Now, what does that look
6:01:20like? If your strategy has a checklist
6:01:22of 11 things that need to happen for you
6:01:25to enter the trade,
6:01:27all 11 things have to happen. If only
6:01:29nine things happened, you have to skip
6:01:31it. You have to stick to the strategy.
6:01:34The strategy has that checklist or that
6:01:35set of rules for a reason. It's not
6:01:38there just for fun. It's not there just
6:01:40to look cool. If all these things
6:01:42happen, that gives you the highest
6:01:44probability of winning the trade. So,
6:01:47wait for all those things to happen.
6:01:48Don't try and jump into it. Skipping
6:01:50criteria because the trade,
6:01:52quote-unquote, looks good right now is
6:01:54just going to make you lose money.
6:01:56Moving your stop loss or extending your
6:01:58take profits or over-leveraging
6:02:00mid-trade when none of that has anything
6:02:03to do with the checklist that your
6:02:04strategy has is just going to cause you
6:02:06to lose money. You have to learn to
6:02:09trust the data. Like the The checklist,
6:02:11as I mentioned, it exists for a reason.
6:02:13Honor it. Like the strategies that we
6:02:15went over inside this course and any
6:02:17strategies that you see me talk about or
6:02:18anybody talk about, and if they have a
6:02:20set of rules that you have to follow and
6:02:22wait for, it's there for a reason
6:02:24because we have tested it over years and
6:02:26hundreds and hundreds and hundreds of
6:02:28trades. I've tested every single
6:02:30strategy that I trade, not just that
6:02:31strategy with that set of rules, but
6:02:33I've changed and swapped out certain
6:02:35rules. I've I've removed certain rules,
6:02:38added certain rules, and the strategy
6:02:39that I share with you guys is the best
6:02:41version that I found. Meaning, if you
6:02:44follow that exact checklist, you have
6:02:46the highest probability of winning based
6:02:48off of the hundreds and thousands of
6:02:50trades and thousands of days of data
6:02:53that I have with the strategies. Now,
6:02:54I'm saying all this to tell you guys
6:02:57that you have to trust the data and that
6:02:59the checklist is there for a reason. Do
6:03:02not bend it. Do not change it thinking
6:03:04that you know better or that this trade
6:03:06is different or this time is different.
6:03:08Never do that. Just follow the checklist
6:03:11cuz the checklist is proven.
6:03:13Now, we talked about how to backtest and
6:03:15stuff and how you can try and make
6:03:16adjustments once you have enough data.
6:03:18Enough data is hundreds of trades. You
6:03:20as a beginner, you don't have enough
6:03:22data, and you thinking too deep about it
6:03:24or you trying to remove stuff from the
6:03:26checklist is
6:03:2899.9% of the time wrong and going to
6:03:30lead you astray. So, you need to follow
6:03:33the the strategy as it is taught, as it
6:03:36is shown, as the data shows.
6:03:39Principle number two,
6:03:41detach from the money. This is super
6:03:43hard to see. Like, you have to trade the
6:03:45setup and not the dollar amount that you
6:03:47see on the screen.
6:03:49Meaning, there are a few things that end
6:03:50up happening, right? So, most people
6:03:53close winners early at, let's say for
6:03:55example, 200 bucks when your original
6:03:57target was 700 bucks. And the only
6:03:59reason they closed it because they
6:04:00started thinking in their mind,
6:04:02"Dang, $200 sounds nice. I can buy a new
6:04:05pair of sneakers with $200. I can buy
6:04:07some clothes with $200." You start
6:04:09thinking in terms of money versus in
6:04:11terms of the setup versus the strategy,
6:04:14the trade itself.
6:04:16Closing trades out, it might feel good
6:04:18in the moment cuz yes, you locked in a
6:04:19few hundred bucks, but if you look back
6:04:22over the course of 10 trades, 100
6:04:24trades, and you see how much money you
6:04:26left on the table by not holding until
6:04:28your full take profit, you'd want to
6:04:30slap yourself in the face. I promise
6:04:32you,
6:04:33this is real. And not only happens to
6:04:35me, but all of my students go through
6:04:36the same exact thing. So, you need to
6:04:38focus on not looking at the money that's
6:04:40causing you to actually look, or sorry,
6:04:42close your winners too early. The next
6:04:44thing I see is that you're panicking at,
6:04:47let's say for example, $300 worth of
6:04:49drawdown, but that's still inside your
6:04:51plan, meaning
6:04:52your plan, let's say for example, you
6:04:54opened up the trade with a stop loss
6:04:55that has $600 stop loss, right? And
6:04:59you're negative $300, and you're like,
6:05:01"Oh, no. I don't want to lose $300." So,
6:05:04you close the trade out. You had that
6:05:06stop loss put there for a reason. Let
6:05:08the trade play out. If you lose the
6:05:10trade, you lose the trade. It's
6:05:11perfectly fine. Losing is part of the
6:05:13game. You have to understand that. You
6:05:14cannot win every trade. And if you close
6:05:17your trades out too early, like I said
6:05:19in this example, if your original stop
6:05:20loss was 500 bucks, and you closed it
6:05:22out at 300 bucks, price could have
6:05:24instantly reversed at that point and
6:05:26went back into profit and ended up
6:05:27hitting your take profit and making you
6:05:29money. But you got scared because you're
6:05:31focusing on the money instead of
6:05:33focusing on the trade and the setup
6:05:34itself. A cool little trick that I
6:05:36suggest, and you can do this on
6:05:37TradingView and on Trade a Bit,
6:05:40is you can actually switch your open P&L
6:05:41to show ticks instead of dollars. So,
6:05:44you can see that you're up 300 ticks
6:05:46versus seeing you're up $50, right? I
6:05:49think that's super good uh
6:05:51from
6:05:52the mental part of it cuz it removes the
6:05:53emotional weight. Like, you don't even
6:05:54see the dollar amount anymore. So,
6:05:56you're not thinking in terms of dollars
6:05:59um or anything like that. So, that's
6:06:00principle number two that's been super
6:06:02helpful for me. Now, principle number
6:06:03three is realizing
6:06:05that profitable trading is boring.
6:06:09The example I give is that if you surf,
6:06:12I surfed one time I almost died, so I
6:06:13don't surf anymore, but I always use
6:06:15this example, but it was No, when I say
6:06:17I almost I actually almost died, but I
6:06:18don't surf anymore.
6:06:20But if you are a surfer, you know that
6:06:2390% of your time is spent waiting.
6:06:265% of the time is spent surfing. I don't
6:06:28know if you guys ever seen those videos
6:06:30on Instagram where those dudes are just
6:06:32like going through the tunnel on the
6:06:33surf, like they're they're on their
6:06:34surfboards, they're going through that
6:06:36water tunnel, whatever. Those clips last
6:06:38like 30, 40 seconds or whatever it is,
6:06:40but you don't see them laying on their
6:06:42board for freaking 3 hours waiting for
6:06:43the right wave to show up. That's what
6:06:46trading is. You have to be okay sitting
6:06:48on your hands and doing nothing.
6:06:50Profitable trading is extremely boring.
6:06:53Um I tell people if you're excited about
6:06:55trading, if you're taking
6:06:5710 to 15 trades a day, you're most
6:06:59likely unprofitable. You are you're
6:07:01gambling at that point. If you're
6:07:03excited about trading, it's because you
6:07:05are you're you're It's either you're
6:07:07new, which is fine. I know a lot of you
6:07:09guys are new and you're probably excited
6:07:10about this journey, excited about the
6:07:12opportunity and things like that, but if
6:07:14you've been trading for a month and 2
6:07:15months and you're just super excited to
6:07:18hop on the charts and all that stuff,
6:07:20like that's a sign that you're not
6:07:22following the system cuz after a point,
6:07:24you get bored. You get bored because if
6:07:26you're just following the same exact
6:07:27system, doing the same exact thing every
6:07:29single day, that's boring, but that is
6:07:31how you win. That's following the same
6:07:33checklist every day. Showing up to the
6:07:35charts at the same time every day.
6:07:37Taking the same trades every single day.
6:07:38That's boring. And that's fine. That's
6:07:40what you want. You should be bored when
6:07:42you are trading. That shows a good sign
6:07:45that you are profitable or on your way
6:07:47to be profitable. Now, another thing
6:07:48that I see a lot of uh early beginners
6:07:50say, and this is something that I say as
6:07:52well or used to say, is I have to make
6:07:54money today.
6:07:55Like you have to realize if you go on a
6:07:58losing streak, if you lose money, or if
6:07:59you don't see a setup today, that's
6:08:01fine. Trading was here before majority
6:08:04of you guys were even born, and it'll be
6:08:06here tomorrow as well. So, you don't
6:08:09have to make money today. You have other
6:08:11opportunities tomorrow, other
6:08:12opportunities next week. Just take your
6:08:15time and realize that sitting on your
6:08:17hands and doing absolutely nothing,
6:08:18being bored, is a great thing. Be okay
6:08:21waiting patiently and only executing
6:08:23when a setup aligns. Bored, yet
6:08:26profitable, is the goal. Now, something
6:08:29that I would um I used to tell people,
6:08:32well, I tell people a lot, especially
6:08:33like my one-on-one students and stuff
6:08:34like that, is
6:08:36a lot of people get into trading for not
6:08:38just the financial freedom
6:08:40and the location freedom, but also the
6:08:41time freedom. Meaning they could do
6:08:43whatever they want whenever they want to
6:08:44do it. But, what most traders end up
6:08:46doing is they end up spending all their
6:08:48time sitting in front of the charts,
6:08:50using up their time, not having that
6:08:52time freedom because they want to trade.
6:08:54They're so hyped about trading. But,
6:08:57you have to realize that sitting and
6:08:58doing absolutely nothing, going and
6:09:00playing some freaking video games, or
6:09:02going in the pool, or going for a walk
6:09:04with your kids or your wife, going out
6:09:05to eat with your wife, something like
6:09:06that, that is perfectly fine since you
6:09:09have to wait anyways. We talked about
6:09:11inside the course multiple times about
6:09:12utilizing alerts and things like that so
6:09:15you don't have to be actively staring at
6:09:16the charts for 300 hours a day. So, just
6:09:18be okay with waiting patiently and
6:09:20understanding that that is what you're
6:09:22going to be doing majority of the time.
6:09:24In my inner circle, in the live calls,
6:09:26every single morning, majority of the
6:09:27time is us just talking or me answering
6:09:30questions or us joking around and stuff
6:09:32like that.
6:09:345% of the time is when we're actually
6:09:36executing the trade cuz we have to wait
6:09:38for the trade to show up. When we
6:09:40execute the trade, we're in the trade,
6:09:41then we're back to answering questions,
6:09:43talking about our day, talking about
6:09:46what we our goals or whatever it is,
6:09:48right? Um so, you just have to realize
6:09:51that 90% of the time or 95% of the time
6:09:53when it comes to trading,
6:09:55you're going to be doing nothing. And
6:09:56that's fine. You should be doing
6:09:58nothing. You shouldn't be trying to make
6:09:59up trades or make up scenarios to just
6:10:01trade because you're bored.
6:10:04Principle number four is you need to
6:10:05have a structured routine. So, we kind
6:10:08of talked about this already. And we'll
6:10:10go deeper into it as far as having a
6:10:11trading plan
6:10:14and a trade plan. But you need to show
6:10:16up to the markets the same way every
6:10:18single day. Meaning you need to treat it
6:10:20like a job. If every single day you you
6:10:24go to the markets at different times,
6:10:26like some days you go at 8:00 a.m., some
6:10:27days you go at 12:00 p.m., some day you
6:10:29look at the charts at 4:00 p.m. in the
6:10:30afternoon, whatever it is, that's just
6:10:32going to be extremely inconsistent. You
6:10:34need to trade it You need to treat
6:10:36trading like a a career and a job.
6:10:39So, if trading at
6:10:42if you're trading at 8:00 p.m. while
6:10:43you're playing video games or something
6:10:44like that,
6:10:45you have no preparation, you have no
6:10:47plan, you have no structure. How can you
6:10:50expect to have consistency in your
6:10:52results if you don't have consistency in
6:10:54the way that you trade? You cannot. So,
6:10:57what you need to do is come to the
6:10:58charts at the same time. You need to
6:11:00warm up, do some backtesting first,
6:11:02refresh your charts, mark up your
6:11:04levels, set a bias. Whatever your
6:11:06routine is, have the same exact routine
6:11:09that you do every single morning.
6:11:11Routine builds the systematic mindset
6:11:13that makes consistent profits possible.
6:11:16As I mentioned, you cannot expect
6:11:18consistency in your profits or
6:11:20consistency in your results if you don't
6:11:22have consistency in the way that you are
6:11:25trading. Principle number five, we
6:11:26talked about it already. You need to
6:11:28understand that losses are part of the
6:11:29math. Losses are part of the game. Even
6:11:32if you have an 80% win rate, that does
6:11:34not mean eight of your next 10 trades
6:11:36win. It can mean closer to 800 of your
6:11:39next 1,000 trades win because win rates
6:11:42and probabilities show up at large
6:11:44scale. I'll give you guys a perfect
6:11:46example that I love using. You know,
6:11:48flipping a coin, you can either land on
6:11:50heads or tails. So, you technically have
6:11:52a 50% chance that it's going to land on
6:11:54heads and a 50% chance that it is going
6:11:57to land on tails. But, if you take a
6:12:00quarter right now and you flip it 10
6:12:02times, I can almost guarantee you that
6:12:04it's not going to land on tails five
6:12:06times and heads five times. It'll
6:12:08probably land on tails six times and
6:12:11heads four times or tails three times
6:12:13head seven times. Like, you're not going
6:12:16to see that 50% win rate until you flip
6:12:19the coin
6:12:20times. Then, it'll be closer. It's still
6:12:22not going to be 500 times heads and 500
6:12:24times tails. It'll be closer to maybe
6:12:26like 470
6:12:29times heads and 530 times tails. It's
6:12:32Essentially, what I'm getting at is that
6:12:35in order for a win rate to actually show
6:12:37up and be
6:12:39um legit, it it's not over the course of
6:12:4110 trades. It's over the course of a
6:12:43hundred or a thousand trades that you
6:12:45actually can realize an 80% or whatever
6:12:48the win rate states it is that you
6:12:49actually can see that on your charts.
6:12:52So, I say all to say that you cannot go
6:12:54on tilt after one losing trade. And um
6:12:57when you go on tilt, that's essentially
6:12:59you chasing to try and make all the
6:13:01money back that you just lost. You need
6:13:03to treat losses as a business expense
6:13:06and understand that they're going to
6:13:07happen no matter what. The setup could
6:13:09be absolutely perfect. The strategy
6:13:11could be perfect. Every single thing
6:13:12could have checked off on the checklist,
6:13:14and you can still lose. That's just part
6:13:17of the game that's going to happen. You
6:13:19have to control the only thing you can.
6:13:21And the only thing you can control is
6:13:23how much you lose when you do actually
6:13:26lose.
6:13:27As I was mentioning, your job is to
6:13:29survive long enough for the percentages
6:13:32to play out. Meaning, you can't you have
6:13:35to survive long enough to get to a
6:13:36hundred trades. You have to survive long
6:13:38enough to get to a thousand trades to be
6:13:41able to see that 80% win rate. If you're
6:13:43blowing your accounts and all that after
6:13:4710 trades, you never got to realize your
6:13:4980% win rate.
6:13:52Now, principle number six, this is huge.
6:13:53Back testing is essential. It's not
6:13:56optional. Back testing is practice.
6:13:58Without it, every live trade is your
6:14:00first game first time playing the game.
6:14:03I give this example, as you guys can
6:14:05probably tell from this entire course,
6:14:08I love examples.
6:14:10But the example I give is imagine you
6:14:12are a basketball player that only plays
6:14:14basketball when they have a game. You
6:14:16are going to absolutely suck compared to
6:14:18the person who practices and plays
6:14:20basketball every day regardless if they
6:14:22have a game or not. Think of back
6:14:24testing as practice. Think of entering a
6:14:26trade as you having an NBA game, right?
6:14:29So, you need to back test. It's
6:14:31essential that you back test.
6:14:33Only practicing the strategy when real
6:14:35money is on the line, that is a no-go.
6:14:37That is how you're going to lose money.
6:14:381 to 2 hours of back testing daily, that
6:14:41helps you build reps and helps you build
6:14:42confidence. If you go on a losing
6:14:44streak, go back test. If you're not
6:14:46feeling confident about the way that
6:14:48you're trading, go back test. If you're
6:14:49not sure about something, go back test.
6:14:51The answer is always
6:14:52to go back test.
6:14:54As I mentioned, every single time I've
6:14:55ever went on a losing streak, I go and
6:14:57back test 100 trades and it rebuilds not
6:15:00just my edge, meaning my strategy, but
6:15:02it rebuilds my confidence in the
6:15:03strategy itself. So, if you can allocate
6:15:0630 minutes minimum, especially as a new
6:15:09trader, 30 minutes minimum, but ideally
6:15:11like an hour to 2 hours every single day
6:15:13back testing, you'll see how drastically
6:15:15not only your confidence in trading
6:15:18gets, but also how confident and how
6:15:21easy it is for you to see your
6:15:22strategies, to see your setups, to
6:15:24understand and use the platforms. It'll
6:15:26just grow so exponentially.
6:15:28Another principle is getting around
6:15:31like-minded people. Realizing that
6:15:33trading is a very lonely game. We've
6:15:34talked about this so many times. I've
6:15:36told you guys so many times to send this
6:15:38video to like your spouse or your
6:15:40friends or
6:15:42your family members, so they can learn
6:15:44it with you, because trading is a it's a
6:15:47very, very lonely game. Not having
6:15:49anybody to talk to it about, not having
6:15:50anybody to bounce ideas off of. I'm not
6:15:52just telling you guys to send this to
6:15:54your friends and stuff like that, so I
6:15:55get more views. Obviously, I will get
6:15:57more views, but I'm I'm
6:15:59trying to speak to you guys from the
6:16:01person that wished that they had
6:16:02somebody to talk to before.
6:16:04And this entire course itself just
6:16:06allows for you to realistically share it
6:16:09with somebody else, or allows for you to
6:16:11go on this journey with somebody else,
6:16:12so that you don't have to be alone, and
6:16:14you could be around like-minded people
6:16:16that understand what you're trying to
6:16:17learn, understand the goal you're going
6:16:19for, understand even the terminology and
6:16:21everything like that.
6:16:22As I mentioned, trading alone, that
6:16:24means that you're going to be dwelling
6:16:25on losses alone, and celebrating wins
6:16:27alone, which is sad. You can get a
6:16:30mentor, or join a community. So,
6:16:32obviously, like my inner circle is a
6:16:34great community to be in, where you're
6:16:36surrounded by like-minded people, and
6:16:38even people that are already at the
6:16:39point that you want to get to. So,
6:16:41obviously, it it just cuts that learning
6:16:43curve down dramatically. And then having
6:16:45accountability partners, sharing your
6:16:47journal with people, sharing your
6:16:48back-tested results with people, that
6:16:50just lets you expedite how fast you're
6:16:53learning, and also makes it not seem as
6:16:56lonely as it actually is. So, here is
6:16:58the cheat sheet. Here's the seven
6:16:59principles. Follow the strategy, detach
6:17:02from your money, profitable trading is
6:17:04boring, structured routine,
6:17:06having a structured routine, losses are
6:17:09math, that's part of the game, you have
6:17:11to backtest daily, find your tribe, and
6:17:14then essentially realizing that trading
6:17:15is 80% mental, 20% technical. Take this,
6:17:20screenshot it, print it off, do whatever
6:17:22you need to. If you can understand and
6:17:24follow these seven principles, it will
6:17:26cut down years of the learning curve for
6:17:29you,
6:17:30where you don't focus on the mental
6:17:32part, which, as I reiterated 300 million
6:17:35many
6:17:35that's the most important part, and it
6:17:37is the hardest part when it comes to
6:17:39trading. Now that you see exactly how
6:17:42important the mental game of trading is,
6:17:45you see why it was extremely important
6:17:47for me to have a trading psychologist
6:17:49inside of my inner circle. Because
6:17:51honestly, the strategy part is easy. The
6:17:54mental side is what kills 90% of
6:17:57people's dreams when it comes to
6:17:58trading. So having someone you can
6:18:00actually talk to, someone who actually
6:18:02knows trading, someone who knows what
6:18:04you're going through, changes literally
6:18:06everything. Again, if this is something
6:18:08that you actually want to take serious,
6:18:10I'll leave a link for my inner circle in
6:18:11the description of this video. All
6:18:14right. Now I want to talk about
6:18:15something that is going to happen, and I
6:18:18wish I was prepared for it when it
6:18:20happened. It would have saved me so much
6:18:21stress and so much money. But we need to
6:18:23talk about what you do when you hit a
6:18:25losing streak, cuz I promise you the
6:18:27losing streak is going to happen. Losses
6:18:30are literally part of the game. I love
6:18:32this analogy. I I say this analogy all
6:18:34the time with my students and things
6:18:36like that. A coin flip is 50/50. Right
6:18:38now, we know that if you have a penny,
6:18:41you can either land on heads or you can
6:18:43either land on tails. But if you flip a
6:18:45coin right now, I am almost I'm 90 92%
6:18:50sure that you're not going to land on
6:18:51heads five times and tails five times.
6:18:54Yes, you have a 50/50 chance of landing
6:18:57on either one of those, but you're only
6:19:00going to see that actual 50/50 chance
6:19:02over a long period of time. It's not
6:19:03going to be over 10 flips. It's going to
6:19:05be more so you'll see 50/50 over like
6:19:082,000 flips. So what that means is that
6:19:11you can land on tails nine times in a
6:19:14row. That's completely possible, and
6:19:16it's completely something that does
6:19:17happen. Now, what do we do when that
6:19:20happens? What do we do when our strategy
6:19:22could make us lose nine times in a row?
6:19:25It's not that your strategy sucks, cuz
6:19:26that's what I used to think. I would
6:19:28just end up switching my strategy. I
6:19:30would think my strategy was broken. I'd
6:19:32try and go on YouTube and find the the
6:19:34latest strategy that is updated to these
6:19:36market conditions and I would just think
6:19:40that I had to throw that one away and
6:19:41change strategies, but that's not the
6:19:43case. That majority time is never the
6:19:45case. We have to realize that losses are
6:19:47part of the game and we also have to
6:19:49realize that losing streaks are going to
6:19:51happen. It's how we deal with losing
6:19:53streaks that is the important part. So,
6:19:56if you're trading the same
6:19:57our red streak does not mean our
6:19:59strategy is broken. Now, if you ended up
6:20:01changing your strategy or you ended up
6:20:02breaking your rules and not following
6:20:04your trading plan things like that,
6:20:05that's something else. But, if you are
6:20:07trading the exact same way and your
6:20:09journal proves that you are trading the
6:20:11exact same way as you were before and
6:20:13now you're having a losing streak, it's
6:20:14just a period in time where you need to
6:20:17do a few things. So, the first thing
6:20:20that I like to do whenever I notice I'm
6:20:21on a losing streak is I size down. This
6:20:24sounds counterproductive because most
6:20:27people assume you should size up meaning
6:20:30you should enter more contracts on your
6:20:32trades so you can make back the losses
6:20:34you had, but you you shouldn't. You
6:20:36should actually size down. So, if you're
6:20:38normal normally using three contracts,
6:20:41cut it down to one contract. Reason
6:20:43being is because the markets could be in
6:20:45a period where your strategy isn't ideal
6:20:49in that market condition. So, you don't
6:20:51want to keep using that strategy and
6:20:52continue to lose money
6:20:54and or lose a lot of money when you
6:20:56could just cut your contract size down.
6:20:58You can cut the risk amount um that you
6:21:01are putting into each trade down. That
6:21:03way you can start realizing, okay,
6:21:06now my trades are starting to win. Now
6:21:08I'm getting back in a winning streak, so
6:21:09now I can bring my contracts back to
6:21:11what they were originally were versus
6:21:13continuing to trade with for the example
6:21:16three contracts or so. Uh it just gives
6:21:19you time to last longer cuz a lot of
6:21:21times what will end up happening is
6:21:22you'll blow your account um during these
6:21:24losing streaks whether it's a funded
6:21:26account or a live account, and you don't
6:21:28want to do that. You want to be able to
6:21:31last long enough to make your money back
6:21:33from the losing streak. Now, this is
6:21:35something important that I already
6:21:37talked about. I've mentioned this
6:21:38multiple times throughout this video,
6:21:40but you need to be loyal to the your
6:21:42strategy. Think of your strategy as your
6:21:45wife of freaking 39 years, specifically
6:21:4939 years.
6:21:51You cannot have a bad night with her,
6:21:53get in an argument because you left the
6:21:56toilet seat up or whatever the heck
6:21:57people argue about these days, and then
6:22:00just throw it all away, right? And say,
6:22:02"There's somebody else out there that
6:22:03would appreciate me freaking keeping the
6:22:05toilet seat up." Or whatever the heck it
6:22:06is. You need to stick with it. Same
6:22:09thing when it comes to your strategy. If
6:22:11you have few losses, which is going to
6:22:13happen, you need to stick with it. If
6:22:15you don't, you're going to regret it
6:22:17because you put so much time into
6:22:19learning the strategy, you put so much
6:22:21time into backtesting the strategy, so
6:22:23much time into journaling, and um
6:22:25enhancing strategy, going over all the
6:22:27different improvements from your journal
6:22:29results. You put so much work into this
6:22:31strategy, and just because you had a bad
6:22:33week, or it could be a bad 2 weeks, or
6:22:37even sometimes a bad month, you throw it
6:22:39all away. When in reality, it's just a
6:22:41period. That's why it's important also
6:22:43that you journal your trades so you can
6:22:45zoom out and look at the bigger picture.
6:22:47You could have a really bad week, but if
6:22:49you zoom out and look at the month,
6:22:51you're still green. You're still
6:22:52positive on the month. And that is
6:22:55something that is extremely important
6:22:56for you to understand. So, honestly,
6:22:59most of the time what people end up
6:23:01doing, they lose three trades in a row,
6:23:03then they'll start panicking, they'll
6:23:04blame the strategy, they'll watch a
6:23:06YouTube video, they'll try the new
6:23:07strategy tomorrow, they'll lose again,
6:23:09and they will just continue to repeat
6:23:11this. What I mean by most people is me.
6:23:14That's exactly how I was when I first
6:23:16started off trading.
6:23:18But what I do now is if I lose three
6:23:20trades in a row, it varies for me.
6:23:22Sometimes it's three or four trades in a
6:23:23row. I try and trust the system. I
6:23:26review my journal
6:23:28to make sure that I'm not going crazy,
6:23:30and then I run the same exact strategy
6:23:32tomorrow after I doubled double down
6:23:35Well, not double down, but I cut them
6:23:37out of contracts that I'm using per
6:23:38trade. And I stay disciplined realizing
6:23:41that trading is a long game. Trading is
6:23:43not something that we're trying to use
6:23:45to get rich quick. It's a long game
6:23:47meaning we're going to see profits over
6:23:49a long span of time versus seeing
6:23:51profits every single day. This is
6:23:54another huge one for me because when you
6:23:55have losing streaks, you your confidence
6:23:59gets shot. Like you start thinking
6:24:01you're the worst trader in the entire
6:24:02freaking world. You start thinking that
6:24:05you should quit trading. I've wanted to
6:24:07quit I've thought about quitting trading
6:24:09732 times at this point. It might be
6:24:11733. I don't know. I lost count. But
6:24:15this is a huge confidence booster for
6:24:17me. If I'm having a losing streak, the
6:24:18first thing or the next thing that I'll
6:24:20do is I'll go and actually back test
6:24:22because back testing my strategy helps
6:24:24me realize, "Dang, this strategy is
6:24:26actually amazing. I'm just having a bad
6:24:28week or I'm just having a bad 2 weeks or
6:24:30whatever the period is." So, I highly
6:24:32suggest if you're on a losing streak and
6:24:34you feel like you suck at trading, you
6:24:35feel like your strategy sucks, before
6:24:38you do anything, follow this exact game
6:24:40plan that I give you guys, which is to
6:24:42do all three of these things. Um this is
6:24:45an entire playbook right here. When you
6:24:46notice a streak, you size down, you
6:24:48don't switch strategies, you step away,
6:24:50you don't revenge trade, you go and back
6:24:52test, and you come back tomorrow, same
6:24:54plan, new day. Now, this is obviously
6:24:57closing it out as far as
6:24:59take your step away and being okay with
6:25:02the loss, being okay with the fact that
6:25:04you um you're on a losing streak because
6:25:08if you're not okay with it, you're going
6:25:09to end up revenge trading. And when you
6:25:11end up revenge trading, you end up
6:25:13losing even more money. We've talked
6:25:15about this so much inside of this video
6:25:16already, but it's something that you
6:25:18really need to get hammered inside of
6:25:20your head so that every single time you
6:25:22have a loss or every single time you're
6:25:24on a losing streak, you know calm down,
6:25:27it's just a streak. Go run this exact
6:25:29playbook right here. If you need to
6:25:31screenshot this and print this out on
6:25:32your wall, do whatever it takes because
6:25:34losing streaks kill traders profits. I
6:25:37don't want you guys to have to go
6:25:39through that. That's why I give you guys
6:25:40this playbook. Now, everybody talks
6:25:42about scaling their accounts or trying
6:25:44to figure how to scale their accounts.
6:25:46So, I wanted to do a deep dive on my
6:25:48plan and what I usually help people do
6:25:51when it comes to scaling their accounts
6:25:52so they can pay themselves and be able
6:25:54to scale to make even more money.
6:25:56Specifically speaking about using prop
6:25:58firms and kind of leveraging those
6:26:00because we've talked about them inside
6:26:02of this video a few times and they're
6:26:04honestly just one of the best ways to do
6:26:05it specifically cuz most people don't
6:26:07have tens or hundreds of thousands of
6:26:09dollars to start with. So, um
6:26:12the first thing is don't try to flip
6:26:14accounts. So, the problem is that most
6:26:16people will come into trading and they
6:26:17they've seen somebody on YouTube flip
6:26:20$100 to a million dollars and they think
6:26:22they're going to do that. First of all,
6:26:24that was probably 100% fake. Second of
6:26:26all, even if it wasn't fake, you're not
6:26:28going to do it. I can promise you that.
6:26:30That's like winning the lottery seven
6:26:32times over and um
6:26:34I don't know. You're just not doing it.
6:26:36The trap that most people fall into is
6:26:39they will make a little bit of money,
6:26:40right? They'll get a little bit of a
6:26:42payout and then they'll invest either
6:26:44all the that payout that they just got
6:26:47into buying more accounts or they'll
6:26:49invest all of it into paying themselves,
6:26:52let's say paying for some freaking
6:26:53sneakers or taking a girl out or
6:26:54something like that and then it was all
6:26:56for nothing. There was no scaling there.
6:26:58The key is to scale. Another part of the
6:27:00trap that they fall into is they end up
6:27:02taking bigger risks once they um have
6:27:06grown their account and that caused them
6:27:07to just blow their accounts and then
6:27:08they start from zero. Now, the best plan
6:27:11of action is to get a payout, pay
6:27:14yourself first, and use the rest of the
6:27:17money to buy more accounts that will
6:27:19help you scale, and then stack accounts
6:27:22at this point, and then compound it
6:27:24month after month. I'm going to run you
6:27:25guys through
6:27:26uh kind of how I like to lay it out. So,
6:27:28for every payout, split it down the
6:27:31middle 50/50. So, 50% goes to paying
6:27:33yourself. You should always pay
6:27:34yourself. We trade for a reason. There's
6:27:37no reason to be stressed out and broke.
6:27:39So, pay yourself, pay for your bills,
6:27:41put it towards your savings, I don't
6:27:43know, college tuition, do whatever the
6:27:44heck you want to do for it. You earned
6:27:46it, you deserved it, you got to this
6:27:47point to get a payout. Now, the next
6:27:49part is how we're scaling. This is how
6:27:51we're going to end up making more money
6:27:53cuz we're taking the other 50% and we're
6:27:56using that to buy more prop firm
6:27:58accounts. So, every time you pay
6:28:00yourself, you're adding more capital,
6:28:03not just into your bank account to pay
6:28:04for bills, but more capital to invest
6:28:07into buying more accounts, which will in
6:28:09turn make you way more money. I'm going
6:28:11to break this down into a super, super
6:28:13smooth example. So, imagine you had one
6:28:14prop firm account, a 50K account, and
6:28:17you got a 5K payout. Nice.
6:28:19Congratulations. $2,500 of that should
6:28:23go towards your bills or sneakers or
6:28:25just your fun stuff. Pay yourself,
6:28:27right? Well, bills isn't fun stuff, but
6:28:29you guys know what I mean.
6:28:30But then the other $2,500
6:28:33can buy you six more prop firm accounts.
6:28:36You're going to start to see where they
6:28:38This gets very, very fun in a second
6:28:40here. So, by the end of month one, you
6:28:42have an additional $2,500 in your bank
6:28:44account, plus now you have seven active
6:28:47funded accounts under your control cuz
6:28:49you started with one, and then half of
6:28:51your payout you used to buy six more
6:28:53prop firm accounts. So, now you're at
6:28:55seven total accounts.
6:28:57Now, in month two,
6:28:59with seven total accounts, you're
6:29:01risking the same amount of money that
6:29:03you were risking on that one account,
6:29:05but you have them all linked together.
6:29:06We talked about inside the prop firm
6:29:08section that you're able to link your
6:29:10accounts together so that when you take
6:29:11a trade on one account, it'll also take
6:29:14it on another account. So, you're
6:29:16risking the same amount per trade,
6:29:18you're just risking that amount multiple
6:29:20times having seven accounts. So, with
6:29:23the seven accounts in this example, now
6:29:25you made $15,000 total, so you can pay
6:29:28yourself $7,500,
6:29:31and then you can reinvest $7,500
6:29:34and get 18 new accounts. Now, keep in
6:29:37mind, some prop firms have limits on how
6:29:39many accounts that you can have under
6:29:41them. For example, with The Funded
6:29:42Trader, you can have up to five accounts
6:29:44at one time, but what most people do,
6:29:47what I do, is I'll have five accounts on
6:29:49The Funded Trader, five accounts on
6:29:51another prop firm, five accounts on
6:29:52another prop firm, five accounts on
6:29:53another prop firm, and I just keep
6:29:55leveraging that and maxing that out. So,
6:29:59at the end of month two, you would have
6:30:00paid yourself $7,500 plus the $2,500 you
6:30:04paid yourself last month, and you have
6:30:0725 active accounts now, and now you're
6:30:10scaling even further. So, now with 25
6:30:13accounts, your payout total is to
6:30:15$40,000. This is where it starts to get
6:30:17fun. You can pay yourself the same 50%,
6:30:20which is $20,000. Now, keep in mind,
6:30:22nothing changed. You didn't change your
6:30:24strategy, you didn't risk more, you
6:30:26risked the same amount, and you traded
6:30:29the same exact strategy. The only thing
6:30:31that changed is you have more accounts,
6:30:33meaning more capital under your belt.
6:30:36You pay yourself the 20K, and then you
6:30:38reinvest the additional 20K. Now, I'll
6:30:41be honest,
6:30:42at 25 accounts, I don't think you need
6:30:44more than 25K accounts. You can continue
6:30:46to reinvest and compound, or you can end
6:30:50up doing what I like to do, which is to
6:30:52invest and take some of the money and
6:30:54put it into either a live account to
6:30:57trade with if you want to be able to
6:30:58trade from your live account versus
6:30:59trading funded accounts. It's completely
6:31:01up to you, but if you don't do that,
6:31:03invest into something else, real estate,
6:31:06invest into buying businesses, invest
6:31:08into starting businesses, invest it into
6:31:10other assets because at this point you
6:31:13are cash flowing, you are making a good
6:31:15amount of money from trading, so now you
6:31:17can diversify it into other things. This
6:31:20is one of the coolest parts when it
6:31:21comes to trading. I feel like a lot of
6:31:23people get into trading and they think
6:31:25that that's the end game. They think
6:31:26that once they start trading, they're
6:31:28not going to want to do anything else.
6:31:30But the cool thing is that you can take
6:31:32your money and what I've done, I
6:31:33honestly have not taken a salary from
6:31:35trading in
6:31:37like
6:31:38four years. No, three years.
6:31:41Every single time I make money with
6:31:42trading now, I just put it into an
6:31:45account that I used to buy real estate.
6:31:47I specifically purchase uh commercial
6:31:49real estate, but I use it to buy real
6:31:50estate for tax advantages, for cash
6:31:52flow, and just wealth preservation. Um
6:31:56just holistically, I just like
6:31:57diversifying myself and then also buying
6:31:59businesses and things like that. Trading
6:32:01is a tool to be able to do other things,
6:32:03to be able to invest into other things.
6:32:05So at this point, I personally would not
6:32:08get more than 25k account. That's me
6:32:10personally. And I would pay myself the
6:32:1320k or whatever percentage at that time
6:32:15I want to live off of and the rest I'm
6:32:17putting it towards other investments. So
6:32:20um I guess
6:32:21recapping all of this, right? You're
6:32:23going to stack your accounts and you're
6:32:25not going to change your risk. So we've
6:32:27talked about multiple times that you're
6:32:28not switching your strategy at all.
6:32:31You're keeping the same size strategy,
6:32:33you're trading the exact same way,
6:32:34you're risking the same amount. The only
6:32:37difference is that when you're
6:32:40stacking up, you're having multiple
6:32:42accounts linked to each other or linked
6:32:44to one main account. And what that's
6:32:46doing is that's allowing you to take a
6:32:48trade one time, it's copied across your
6:32:5025 accounts, and you're 25x in the
6:32:53amount of money that you would have made
6:32:55on just that one account while having
6:32:57the same exact risk amount. That's
6:32:59essentially what we just went over. This
6:33:00is the rules, this is the entire
6:33:02spreadsheet. If you guys want to write
6:33:04this down or take a screenshot of it,
6:33:06this is something that could drastically
6:33:08change the way you trade versus month
6:33:10after month every time you get a payout,
6:33:13you just are okay having that one
6:33:14account and you don't reinvest it. You
6:33:17don't think about scaling. You don't or
6:33:19you think that you can scale in a
6:33:21different way by
6:33:22trying to turn your $100 live account
6:33:25into $500
6:33:28because you saw some random dude on
6:33:30Instagram do it that, like I said,
6:33:33did not do it. But yeah, take this. This
6:33:35is what I've done to be able to scale.
6:33:38This is how I help my students
6:33:40scale very fast. This is the exact
6:33:42playbook that we run. Now you guys have
6:33:44it. So take it, run with it. Take it
6:33:46slow. As you remember in case we go all
6:33:48the way back to our
6:33:50the beginning of this sheet, we start
6:33:52off with a $2,500 payout. You don't need
6:33:55to go get a crazy big payout. Like
6:33:58that's not necessary. You don't need to
6:34:00have a 50k funded account and try and
6:34:02make 10k off of it the first month. If
6:34:04you make 5k off of it the first month,
6:34:06you're good. You can reinvest even if
6:34:09you make
6:34:10um freaking $3,000 off of it in the
6:34:13first month, you can still take half of
6:34:15that, pay yourself half of it, buy
6:34:17another account. I mean, buy three more
6:34:19accounts, four more accounts, depending
6:34:21on how much the prop firm accounts are
6:34:23and just scale. So don't try and hit
6:34:25home runs, just hit consistent setups.
6:34:28Like 5% or five Excuse me, $5,000
6:34:30[clears throat]
6:34:31profit on a 50k account is simply 10% in
6:34:34a month.
6:34:35With day trading, you can very simply
6:34:38hit 10% in a month. So don't try and
6:34:40rush it. Um just follow the rules, stay
6:34:43consistent with the way you're trading,
6:34:45just scale and you'll start seeing how
6:34:46drastically
6:34:48your trading will change. You'll start
6:34:49seeing your payouts get much larger when
6:34:52you're still doing the same exact thing
6:34:54as before.
6:34:55All right, so we need to talk about the
6:34:57common beginner mistakes. All of you
6:34:59guys watching this video, well, not all
6:35:01of you. Maybe like 94.723%
6:35:04of you guys are beginners. And you're
6:35:06going to make these mistakes. But if you
6:35:08watch this and you listen to me, you can
6:35:10avoid them. It's going to be eight
6:35:12things that kill most new traders. Um if
6:35:15you avoid these, you're ahead of
6:35:16honestly 90% of the people that don't
6:35:19take action or don't succeed when it
6:35:21comes to trading. So the first mistake
6:35:23people make, and I've talked about this
6:35:25so many times, and it might be because
6:35:26it's it might just hit so close to home
6:35:28for me cuz this is something that I did
6:35:31for so long, but it's strategy hopping.
6:35:33Like you'll lose three trades, you'll
6:35:35panic, you'll abandon the strategy,
6:35:37you'll watch a YouTube video, try the
6:35:39new one tomorrow, then you repeat that
6:35:40forever and ever and ever, never truly
6:35:42mastering one strategy. I've made this
6:35:44analogy so many times, but imagine
6:35:46you're a basketball player, right? You
6:35:48got really good at basketball, you
6:35:49dedicated your entire high school and
6:35:52college life to basketball, right? And
6:35:54you had three bad games in a row, zero
6:35:56points.
6:35:58You shot 30 shots, missed all of them.
6:36:00You suck.
6:36:02So you switch. You're like, instead of
6:36:04thinking, oh, this is just like a phase,
6:36:06I need to get my mental right, I need to
6:36:07get back in the gym or something like
6:36:08that. You're like, you know what?
6:36:10Basketball isn't for me. Let's go try
6:36:12and play golf. You spend 3 hours a day,
6:36:15you paid $20 million for a tutor, you
6:36:18dedicate the next 4 years of your life
6:36:20to golf.
6:36:21You have four bad games in a row in a
6:36:23row,
6:36:24you quit. You're like, golf ain't for
6:36:26me, honestly. Like it's just not for me.
6:36:28Instead of going back to the driving
6:36:30range and trying to fix it or something
6:36:31like that, you quit.
6:36:33And you're like, okay, badminton.
6:36:35Badminton it is. And you keep doing that
6:36:37and doing that and doing that. You're
6:36:38wasting all of the time, all the effort
6:36:40that you put into learning that previous
6:36:41sport, and then trying to restart and
6:36:44learn a completely new sport when the
6:36:46whole time it was just a bad period. You
6:36:48could have just broken up with your
6:36:49girlfriend and your game was off. You
6:36:52could have, I don't know, been sick the
6:36:54day before I don't It could be literally
6:36:56anything and your game was off, but you
6:36:57decided to completely switch the sport
6:36:59you're in. Now, take that analogy when
6:37:01it comes to strategies. A lot of times
6:37:03people will just have a bad week.
6:37:04They'll have a semi bad month and
6:37:06they're like, "The strategy is garbage.
6:37:08I need to switch." When in reality, you
6:37:11need to just stick to one strategy.
6:37:13Stick to it for at least 100 trades
6:37:15before you start judging it. Master that
6:37:18one before you decide to consider any
6:37:20other one. And if you are on a losing
6:37:22streak, we talked about this earlier,
6:37:24but if you are on a losing streak, look
6:37:26and make sure that you actually are
6:37:27first of all are following the strategy,
6:37:30but also make sure that check to see
6:37:33what little tweaks you can make to that
6:37:35strategy to help it better adapt to the
6:37:38current market conditions. Because
6:37:39market conditions can change the
6:37:42profitability of a strategy. For
6:37:44instance, trending markets where the
6:37:46market is just continuously trending to
6:37:47the upside, those are going to be great
6:37:49for like breakout traders. When market
6:37:52is consolidating, it's going to be great
6:37:54for like support or resistance traders.
6:37:56So, if you're a breakout trader when
6:37:57it's consolidating, you need to adjust,
6:38:00right? You don't need to switch your
6:38:01strategies, just adjust slightly,
6:38:04whether that be adding
6:38:06um one extra step to the checklist to
6:38:08make sure that you're not getting faked
6:38:09out or waiting an additional candlestick
6:38:13just to um
6:38:15validate your entry um a little bit
6:38:17further. Just look for ways to improve
6:38:21your strategy to work in those current
6:38:23market conditions versus stopping and
6:38:26trying to learn a whole new strategy.
6:38:28That's mistake one. Mistake number two
6:38:29is over-leveraging.
6:38:31Most people, they try to make $5,000 on
6:38:33a $1,000 account. We just talked about
6:38:35this.
6:38:36Um trying to over-leverage, trying to
6:38:38flip accounts, it just does not work.
6:38:41You You are end up sizing up and over
6:38:44leveraging to try and speed up the
6:38:45process, but it makes the process take
6:38:48way longer than it would if you were
6:38:50just being consistent. Like one bad
6:38:52trade can wipe all of your profits out.
6:38:55And trust me, I've heard this so many
6:38:57times. People would have a great week,
6:38:59they made 5K on the week, then the next
6:39:01week they lost 10K. You need to stop
6:39:03over leveraging even when you get cocky,
6:39:05even when you're on a winning streak.
6:39:07That's not an excuse to over leverage
6:39:09and start risking more per trade.
6:39:12The fix is to trade small enough that
6:39:14any single loss is forgettable. Your
6:39:16edge needs hundreds of trades to play
6:39:18out, not five. You cannot assume that
6:39:21every single trade will hit. You also
6:39:24cannot assume that you won't go on a
6:39:25losing streak. So, that's why risk
6:39:27management is so important and why we've
6:39:29talked on it so much during this entire
6:39:32video. So, keep your losses manageable.
6:39:36Mistake number three is you have no game
6:39:38plan per trade. So, we talked about this
6:39:40when creating a trading plan and having
6:39:42a plan for each trade. Um but you need
6:39:45to not be the person that just enters a
6:39:48trade haphazardly. You have no plan, you
6:39:51have no reason, you have no target, you
6:39:53have no stop loss, because at that point
6:39:56once you're in the trade, you're just
6:39:57going to end up making emotional
6:39:58decisions where and emotional decisions
6:40:00are the worst decisions you can make
6:40:02when you're trading. You need to have a
6:40:03set game plan before you enter every
6:40:06single trade, meaning know exactly where
6:40:08you're going to enter, know exactly
6:40:10where your stop loss is going to be,
6:40:12know exactly where your take profit and
6:40:15your target is going to be. Also, know
6:40:17exactly when you're able to walk away,
6:40:19meaning okay, if it doesn't hit your
6:40:21full take profit, um but it hit halfway
6:40:24towards your take profit, is that
6:40:25something that you're okay taking? You
6:40:27should have that already sorted out and
6:40:29already written down and thought out
6:40:32before you're even in the trade, because
6:40:34you don't want to get is the point where
6:40:35you're in the trade, markets go against
6:40:37you just a little bit, you get scared,
6:40:39and you exit the trade only to see and
6:40:42realize that it was just a small
6:40:44pullback, and you would have made a you
6:40:46would you would have hit full take
6:40:48profit and made way more money. So, make
6:40:50sure you have a game plan for every
6:40:52single trade that you take. Another
6:40:54mistake that a lot of traders make, new
6:40:56traders specifically, is sitting there
6:40:58and watching the charts. I don't think
6:41:00you realize, but I'm telling you right
6:41:01now, and please believe me, that no
6:41:03matter how hard you stare at the charts,
6:41:07you can't change nothing.
6:41:09The charts is going to do whatever they
6:41:10heck they want to do. The candlesticks
6:41:12are going to move wherever the heck they
6:41:13want to move, when you're there and when
6:41:15you're not. The only thing that sitting
6:41:18there and watching the chart does
6:41:20is give you anxiety, and make you
6:41:22emotional, make you probably take bad
6:41:25decision, or probably make bad
6:41:27decisions. You're just staring at your
6:41:28chart and torturing yourself.
6:41:30The fix is to set alerts, use the
6:41:33alerts. We've talked about alerts so
6:41:34many times in this, and walk away. Let
6:41:36the trade play out exactly how you
6:41:38planned it, whether that's it hitting
6:41:39your stop loss or it hitting your take
6:41:41profit. We've talked about so many times
6:41:43that having
6:41:44the risk amount enough, or small enough,
6:41:46where it does not make or break you,
6:41:48that's the key to this. That's how you
6:41:49can walk away and be okay with the price
6:41:52hitting your stop loss or price hitting
6:41:53your take profit. That's the point of
6:41:56this. We should not be sitting here
6:41:58watching our charts. It only makes you
6:41:59worse.
6:42:01Mistake number five, which is huge. I'm
6:42:02going to be honest, a lot of people ask
6:42:04me all the time, what was that turning
6:42:07point for me? When um I went from like
6:42:09not being able to make profits trading
6:42:11to then being consistent with my
6:42:13trading. And that turning point is when
6:42:15I started actually prioritizing
6:42:18journaling. Like, I would watch YouTube
6:42:20videos all the time. I had every course
6:42:22in the world, and they all mentioned
6:42:23journaling, and I always just ignored
6:42:26them, cuz I'm like,
6:42:28what the heck am I going to be writing
6:42:29down this stuff for? But you have to
6:42:31realize that trading is about data. It's
6:42:33about patterns, first of all. And we can
6:42:35only see and recognize patterns when we
6:42:38have the data to remember them. Like
6:42:40right now, when you start trading, if
6:42:42you haven't started trading already, you
6:42:43might remember all the trades you took
6:42:45today, or yesterday, or a week ago,
6:42:48maybe 2 weeks ago.
6:42:50But, you're not going to remember all
6:42:51the trades you took a month ago, 2
6:42:52months ago, 4 months ago, a year ago,
6:42:54and that's all important data. That's
6:42:56all lessons that you learned. And if
6:42:58you're not journaling that, you're
6:42:59missing out on all those lessons by just
6:43:01trying to rely on what you remember
6:43:04inside of your head. Now, journaling is
6:43:06one part of it. You also need to go back
6:43:08and read your journal. We talked about
6:43:09it in the whole journaling aspect. You
6:43:11guys remember that. If you need a
6:43:12refresher, go watch it back again. It is
6:43:15extremely important to journal and learn
6:43:17from your journal. That way you can
6:43:19become a
6:43:21better trader. Now, the problem here is
6:43:23that most people take 50 trades, they
6:43:25lose money, they have no idea why, they
6:43:27have no data on what works, they have no
6:43:29data on what doesn't work, they have no
6:43:31data on what they're doing wrong. That's
6:43:33a huge issue, that's a huge problem.
6:43:36That's why journaling is so important.
6:43:37You have to journal every single trade,
6:43:39take screenshots of the trade, take
6:43:41notes, take what write down what worked,
6:43:43what didn't work, and then review it
6:43:45weekly
6:43:47cuz as I mentioned, data beats memory
6:43:49every single time, and having proof of
6:43:50something will help you become or be
6:43:53able to make a better decisions in the
6:43:55future.
6:43:57This one is huge. So, I'm not going to
6:43:59lie.
6:44:01I used to trade the news. Trading the
6:44:02news is like gambling, right? It's
6:44:04assuming that price will do something
6:44:06or have a huge
6:44:08push in your direction and trying to
6:44:10make money quick. It kind of
6:44:12I guess it tickles that get-rich-quick
6:44:15kind of feeling that a lot of people
6:44:16want to have when it comes to trading.
6:44:18But, if you're going to trade the news,
6:44:20at least have a plan put in place.
6:44:22Meaning, have a stop loss, have some
6:44:24type of idea of
6:44:27if it isn't going in your direction,
6:44:29what is the plan, right? If it is going
6:44:31in your direction as well, what is the
6:44:33plan? Some people will try and hold it
6:44:34for the entire day thinking that the
6:44:36news event is going to continue to make
6:44:38it go in that direction for the entire
6:44:39day. It's not.
6:44:42At all.
6:44:43News candlesticks can go up. You can be
6:44:46in a whole lot of profit and then
6:44:47completely reverse and you could be
6:44:48negative. So, you need to have a plan if
6:44:50you are trading the news. I personally
6:44:52don't suggest trading the news, if I'm
6:44:53being honest, but if you are going to,
6:44:56the bare minimum
6:44:57is at least having a plan.
6:45:00This is for all the overly confident
6:45:03traders. A lot of mistakes that I see
6:45:05with traders when they go on a winning
6:45:07streak, when they get overly confident,
6:45:09they start thinking that they're next
6:45:10freaking Warren Buffett. They get cocky
6:45:13and then they double the size of their
6:45:15contracts the next next trade.
6:45:18And that causes them to do one of two
6:45:20things.
6:45:21It causes them to either make a lot of
6:45:23money, right? Cuz they doubled the size
6:45:25and now they had a positive
6:45:27reinforcement on a bad action and that
6:45:29will only lead to even more bad
6:45:31decisions being made.
6:45:33Or they doubled their size and they lost
6:45:36all the profit that they just made
6:45:38plus more.
6:45:40It's never it's never logical to
6:45:42increase your risk after a win or after
6:45:46a winning streak.
6:45:48The whole thing when it comes to trading
6:45:49is being consistent in the way you trade
6:45:51and being consistent in following your
6:45:53rules and your trading plan and that
6:45:54means following the same risk parameters
6:45:57regardless of how good you feel about
6:45:59that trade,
6:46:01how good you feel about your performance
6:46:03for the past
6:46:04few trades.
6:46:05All of that doesn't matter. Stay
6:46:07consistent with the way that you trade
6:46:08because when you do end up trying to
6:46:11increase your your risk um after you get
6:46:13cocky,
6:46:14it's going to bite you in the butt. I
6:46:16can assure you this has happened so many
6:46:17times to me and it happens to my
6:46:19students all the time. You have to risk
6:46:21the same amount every single trade. It
6:46:23does not matter until you've decided to
6:46:26change your trading plan and you've
6:46:28proven that you can handle more of a
6:46:30risk. Um and then you adjust how much
6:46:32you're risking you can increase how much
6:46:34you're risking per trade. But
6:46:35personally, I still never really suggest
6:46:38for anybody to double the amount they're
6:46:40making in one jump. Let's say before
6:46:42you're um
6:46:44risking a thousand dollars per trade,
6:46:46don't go to two thousand dollars per
6:46:47trade. Go to maybe 1200 or 1300 per
6:46:50trade because you've proven to yourself
6:46:52you can handle a thousand dollars per
6:46:53trade. So, yeah, keep that in mind.
6:46:56Now, mistake number eight is revenge
6:46:59trading after a loss. So, there's a uh a
6:47:01lot of people suffer from revenge
6:47:02trading because they'll take a loss,
6:47:04they'll get angry that they lost, and
6:47:06then they'll immediately try and jump
6:47:08back into the trade to make it back.
6:47:10That that in that in the essence of
6:47:12that, you're forcing a setup because
6:47:14you're spiraling out of control. When
6:47:16you force setups, you're not following
6:47:18your trading plan, you're not following
6:47:19your strategy, you're not following your
6:47:21risk management.
6:47:23That is going to be a that's a huge
6:47:24problem. I've seen so many traders like
6:47:27there was an example, I'll give you guys
6:47:29a story. I'm not going to name who it
6:47:30was.
6:47:31Uh one of my students, he had a lot of
6:47:33money. He uh I forget what he did for a
6:47:35living, but he had a lot of money. He
6:47:37had 80k inside of his uh live account.
6:47:39This is live money. He was traveling, he
6:47:42took a trade, the Wi-Fi wasn't good.
6:47:44When he closed the trade out, it was way
6:47:47big much more of a
6:47:50larger loss than he had planned. I think
6:47:52maybe he wanted to lose like 2K or
6:47:53something like that. He had lost 7K,
6:47:55right? That's just hypothetical numbers.
6:47:57I don't remember the amount he actually
6:47:58lost.
6:47:59And he tried to revenge trade to make
6:48:01back the 7K instantly. And what he ended
6:48:05up doing is within the next I think an
6:48:07hour or two hours, he blew the entirety
6:48:10of his account, meaning the 80K was
6:48:12entirely gone because he was revenge
6:48:14trading because he couldn't take that
6:48:16loss to the chin. Now, granted,
6:48:18obviously um
6:48:20it was like a Wi-Fi issue or so he says,
6:48:22it was a Wi-Fi issue um that caused him
6:48:25to lose more than he was supposed to,
6:48:27and that's what I guess tipped him over
6:48:29the edge to try and make his money back.
6:48:31But, I've heard so many stories of that
6:48:33when it's it's a regular loss, and
6:48:35people was just like, "Okay, let me just
6:48:37try and make some money back." and try
6:48:39and crawl their way back, and that just
6:48:41always causes people to lose money.
6:48:43Revenge trading is a huge huge huge
6:48:45problem. One of the best things, if you
6:48:46understand and know for yourself that
6:48:48you have an issue with revenge trading,
6:48:50put in your trading plan every time you
6:48:52close out a trade, whether it's for a
6:48:54loss or a win, you have to set a timer
6:48:56for 30 minutes before you hop into
6:48:58another trade. That's something that
6:49:00I've been able to uh help a lot of my
6:49:01students out in the inner circle with um
6:49:04kind of setting that in place to make
6:49:06sure that you're stopping yourself,
6:49:07you're forcing yourself to not be able
6:49:09to revenge trade.
6:49:11Um
6:49:12here, like I said, I put for the fakes
6:49:14that after walk away for at least 15
6:49:16minutes, breathe, come back only if
6:49:18there's a real setup. The market always
6:49:20gives more setups. And understanding
6:49:22that day after day the market is going
6:49:24to give opportunities, you don't have to
6:49:26make your money back today, tomorrow's
6:49:28going to come, right?
6:49:30Um but yeah, absolutely
6:49:32a brutal mistake that I see a lot of new
6:49:34traders make, unfortunately, and it has
6:49:36caused so many people to lose so much
6:49:38more money than they're supposed to. So,
6:49:40here's a recap of the eight mistakes. If
6:49:43you want to get this freaking tatted on
6:49:44your forehead, I promise you it'll help
6:49:46you. I'm not saying actually get it
6:49:48tatted on your forehead, but like print
6:49:49it out or something, take a screenshot
6:49:51of it. This is
6:49:54eight things that you have to avoid. If
6:49:56you can avoid them, you are off to a
6:49:58very very very very good start. No
6:50:01strategy hopping, no over-leveraging,
6:50:04make sure you have a game plan for every
6:50:05single trade. Don't sit there and watch
6:50:08the charts every single freaking day.
6:50:10Um make sure you are journaling. Make
6:50:12sure you always have a plan if you're
6:50:15going to trade the news.
6:50:16Never increase your risk after win and
6:50:20don't ever allow yourself to revenge
6:50:23trade. If you can follow those, you'll
6:50:26dodge majority of the the issues that
6:50:29most new traders run into. You may think
6:50:31that the daily routine of a highly
6:50:33profitable trader involves waking up
6:50:35super early, checking multiple different
6:50:37monitors, being glued to your screen 24
6:50:39hours a day, but the truth is this isn't
6:50:42necessary at all. Personally, I only
6:50:44trade about 30 or 45 minutes a day and
6:50:47then I spend the rest of my time
6:50:48enjoying my life with my wife and my two
6:50:50kids. And while doing that, I'm still
6:50:52able to make over four to five figures
6:50:55every single month with trading. Now,
6:50:56look, it's very important that you
6:50:58understand that it took me over three
6:51:00years of trial and error to get to this
6:51:02point. So, don't think that trading is a
6:51:04get-rich-quick thing. But, over my
6:51:06career, I've developed a routine that
6:51:08sets me up for success in the markets
6:51:10every single day. And if I'd started
6:51:12following this same exact routine much
6:51:14earlier, it would have allowed me to
6:51:16avoid so many losses. So, in this video,
6:51:19I'm going to break down the exact
6:51:21step-by-step routine that I have from
6:51:23the moment I wake up to how I set up my
6:51:25charts to the specific setup that I look
6:51:27for, how I manage my capital, and how
6:51:30I'm able to trade for 30 minutes a day.
6:51:32So, get ready and let's jump into it.
6:51:35So, it's very important how I start my
6:51:37days. I do have a morning routine. I'm
6:51:39not like Ashton Hall. I don't do a
6:51:41freaking ice bath in my face and all
6:51:43that weirdness. I literally wake up at
6:51:455:30 every single morning and I start my
6:51:48day off with prayer, reading my Bible,
6:51:50and meditating. So, from about 5:30 to
6:51:52about 6:20, that's all I'm doing. I
6:51:54don't have any phones. I actually don't
6:51:56even look at my phone until after I
6:51:57finish my time with God because I just
6:52:00want to focus on that and that's my
6:52:01number one priority. But then, once
6:52:03that's done, I go and work out. I work
6:52:05out usually from around 6:20 to about
6:52:077:40. I try and get an hour in and then
6:52:10I have to have a little bit of time to
6:52:11shower as well. But that's a huge part
6:52:13of my success. I credit a lot of my
6:52:15success to working out because the
6:52:16discipline that you have to have to
6:52:18consistently work out every single day
6:52:21is unmatched. Working out for me is a
6:52:23huge non-negotiable, especially if I'm
6:52:25just trying to have a very productive
6:52:27day cuz once I work out, I feel like
6:52:28I've already been productive and that
6:52:30just follows me throughout the day. It
6:52:32also wakes me up. Like wake I'm not an
6:52:33early person at all. I wake up early
6:52:35because I have to and I like having time
6:52:38by myself before my wife and my kids
6:52:39wake up. But with waking up early, I can
6:52:42be pretty groggy sometimes. So working
6:52:44out kind of refreshes me. It kind of
6:52:46wakes me up so that I can be in the
6:52:48right head space when I'm getting ready
6:52:49to go to the charts. Now speaking of
6:52:51getting ready to go to the charts, we're
6:52:53about to hop onto the charts and we're
6:52:54going to show you guys exactly how I
6:52:56mark up my charts, how I know what I
6:52:58should be looking for, whether it's buys
6:53:00or sells, how I know what tickers to be
6:53:01looking at. But one important thing that
6:53:03I do before I actually start trading
6:53:05that I've never seen any other trader
6:53:07talk about, but I've mentioned it a lot
6:53:09of times, is that before I actually
6:53:11start trading, I backtest. Now the
6:53:13reason that I backtest is I think of it
6:53:15like a sport. So you just wouldn't go
6:53:18hop into a basketball game and start
6:53:20playing, right? You always warm up
6:53:22first. If you've ever went to a
6:53:23basketball game, if you've ever went to
6:53:24a football game, they are warming up
6:53:26before the game actually starts. I don't
6:53:28know why people don't think to do that
6:53:30before they hop into trading. That can
6:53:31be super fast-paced, something that they
6:53:33can have a lot of money on the line. I
6:53:35don't think you should just hop on the
6:53:36charts and start taking trades. I go and
6:53:39I backtest for about 15 minutes because
6:53:41I usually start my backtest around 7:45
6:53:44in the morning. Keep in mind, this is
6:53:45all Central Standard Time cuz I live in
6:53:47Texas. So I have about 15 minutes of
6:53:49backtesting before I actually start
6:53:51actively trading at around 8:00. And I
6:53:54think it's extremely important for
6:53:56anybody that's trying to take trading
6:53:57serious to implement some sort of
6:53:59practice before they actually hop onto
6:54:02the charts. And back testing is the best
6:54:04way to do it. It gets your mind ready.
6:54:06It gets you used to seeing those support
6:54:08or resistance zones. It gets you used to
6:54:10finding your entries. It gets you used
6:54:12to finding your trend lines. It just
6:54:14gets you used to seeing the trades
6:54:16happen before you actually hop onto the
6:54:18charts. Now, speaking of charts, let's
6:54:20hop into my charts right now. I'm going
6:54:22to walk you guys through exactly my
6:54:23thought process, what I look for, how I
6:54:25act right after I finish my back
6:54:28testing. Because I back test like I said
6:54:30for about 15 minutes, I start looking at
6:54:32my charts and start looking for trades
6:54:34starting from 8:00 a.m. Central Standard
6:54:36Time. Let's hop into my charts. All
6:54:38right, so here we are on my charts. I'm
6:54:41going to walk you guys through my exact
6:54:43thought process. We're actually going to
6:54:44go over a trade that I took this morning
6:54:46live inside of my inner circle as well.
6:54:48Let's take for example YM here. I told
6:54:50you guys I get to my charts roughly
6:54:52around 8:00, so I replayed back to 8:00
6:54:55today. As you see, this is the 7:00
6:54:57candlestick that's about to change into
6:54:59the uh 8:00 candlestick.
6:55:02But, the first thing I'm doing, I'm
6:55:03zooming out and I'm looking at the
6:55:05overall trend. I want to know, okay,
6:55:07what direction has price been going in
6:55:09and what direction do I think price will
6:55:11go in today? So, overall, we can see
6:55:14we've been selling down. So, I'm leaning
6:55:16more towards sells. I'd be looking for
6:55:18more sold sell opportunities because the
6:55:21market has been trending to the
6:55:22downside. But then also, I have to
6:55:24realize that I did see price make this
6:55:25huge bullish move to the upside here
6:55:29uh really 2 days ago. So, I do have to
6:55:31realize that we've broken some highs.
6:55:32So, in my mind, I'm thinking, okay,
6:55:34cool. We're in a downtrend. I am leaning
6:55:36towards sells a little bit, but because
6:55:39we had this huge bullish candlestick,
6:55:42I'm okay taking buys if a buy
6:55:44opportunity presents itself, but I'm
6:55:46still more bearish biased. That's what I
6:55:48think about. A lot of people have to
6:55:49realize that you can't just look at what
6:55:51price action is doing. You have to look
6:55:53at why price action is doing what it's
6:55:55doing. Now, this has been in a
6:55:57downtrend, but when it gets to a certain
6:55:59point, I could look at this and be like,
6:56:01"Okay, it's at this low right here. Is
6:56:03this low a major low that it's changed
6:56:05directions at before?" Meaning, if price
6:56:09is selling down, right? And we're in a
6:56:11huge downtrend, and then we got to a
6:56:13point here, and then price started going
6:56:15up.
6:56:16Was this just a random area that price
6:56:18started going up at? Because if it's
6:56:21just a random area, it could be caused
6:56:22by news, which this candlestick was
6:56:24caused by news. It was caused by a tweet
6:56:26that the president had put out. But, is
6:56:28it caused by news, or is this the same
6:56:31area where price had bought off of
6:56:34really drastically before? If it's an
6:56:36area where price has bought up really
6:56:38drastically before, then this could
6:56:40actually signify that we're not going to
6:56:42be in a downtrend anymore. We're
6:56:44actually going to continue in an uptrend
6:56:45off the same area that price has
6:56:48continued off uptrend of before. We have
6:56:51to understand why price is doing things.
6:56:53We can't just look at what price is
6:56:54doing. We have to understand the full
6:56:56story. So, when I saw this huge move,
6:56:58obviously I'm like, "Okay." Like I
6:56:59mentioned, I'm looking for
6:57:01um sales ultimately, but I won't ignore
6:57:03buys because we have had this huge move
6:57:05to the upside. But, I'm also thinking in
6:57:07my head, "This is not a real
6:57:09candlestick. This is a candlestick that
6:57:11was caused by a news event. This is not
6:57:13based off of price action." But, with
6:57:15all that being said, I look at the
6:57:17previous day. The previous day was
6:57:18chopping to the upside, but it did fail
6:57:21to break this high that was created by
6:57:23that news candlestick. So, once I kind
6:57:25of have this thought process in my mind,
6:57:27and I've been doing this for over 8
6:57:28years now. So, all this I kind of do
6:57:31this automatically, and I'm doing this
6:57:32every single morning. Like, no matter if
6:57:34I did this whole thought process today,
6:57:36I'm still going to do the same exact
6:57:37thought process tomorrow to see, "Okay,
6:57:39am I looking for buys, or am I looking
6:57:40for sells?" Because we always want to
6:57:42trade in the direction that the market
6:57:43is going. We don't ever want to trade
6:57:45against the trend, because that's how
6:57:47you lose money. But, um once I've kind
6:57:50of solidified all that, I'm then looking
6:57:52at my charts to try and find my support
6:57:54and my resistance zones. Most of the
6:57:56time, my main strategy, my foundation
6:57:59for every single day is based off
6:58:00support and resistance. And how I find
6:58:03those is I either go on the 4-hour time
6:58:04frame or I go on the 1-hour time frame,
6:58:07and I'm just marking off different
6:58:08pivotal points. So, in this example, I'm
6:58:11going to mark off this high that was
6:58:12created here. I always draw my zones
6:58:14from the highest wick to the lowest
6:58:16body, and I drag it across. I'm also
6:58:19seeing that we have another zone right
6:58:21here. We have a low created right here.
6:58:23This is all on the 4-hour time frame.
6:58:25Once I have all these areas drawn out,
6:58:27then I'm going out to the 1-hour time
6:58:29frame. The 1-hour time frame is then
6:58:30where I start looking for other zones.
6:58:32So, we see price sold down here. As
6:58:35price was selling down, right? You see
6:58:37some highs that was created as it was
6:58:39going up. So, these are just areas that
6:58:41I'd pay attention to. Maybe I'd mark off
6:58:44this area right here because we could
6:58:46potentially get a break and retest
6:58:48because price has broken above here. So,
6:58:50price could sell back down here and
6:58:51bounce off of this zone right here. But,
6:58:53remember, I'm still leaning bearish
6:58:55bias, meaning I'm leaning towards sells.
6:58:58I'm assuming that we're actually going
6:59:00to continue in sells. So, I'm really
6:59:02only going to I'm going to
6:59:04pay more attention to the sell
6:59:05opportunity. The sell opportunity for
6:59:07me, if we were to remove this, would be
6:59:10price selling off of here.
6:59:13So, what I usually do, I have a game
6:59:15plan cuz I usually don't like taking any
6:59:17trades until after about 8:30. So, I'd
6:59:19have a game plan saying, "Okay,
6:59:22I want price to continue in this zone
6:59:24here. Then, after market open happens,
6:59:26which happens at 8:30 Central Standard
6:59:28Time, I want price to show me that it's
6:59:31going to sell off of here. If it shows
6:59:33me that, I'm going to enter into the
6:59:34trade. If it doesn't give me that
6:59:36opportunity, I'd have another plan
6:59:38that's like, "Okay, if it doesn't sell
6:59:39off, if price breaks above here, then
6:59:42comes back down to retest this same
6:59:44area, I'd look for buys off of this zone
6:59:47based off of a break and retest. If
6:59:49price doesn't do any of that and it just
6:59:51sells down without giving me any type of
6:59:53entry criteria where I can enter into
6:59:55sales, I'd look for price to tap into
6:59:57these lows and then I'd look for entry
6:59:59criteria for buys off of this area. So,
7:00:02I'm always planning out every single one
7:00:05of my trades regardless if they happen
7:00:07or not, I want to know exactly what I'm
7:00:09looking for. I want to know, okay, I'm
7:00:11looking for sales here. If it gives sell
7:00:13opportunities, I will enter it. What
7:00:15happens if it buys above here? If it
7:00:17buys above here, I'm going to look for
7:00:18break and retest. What happens if it
7:00:20sells down here and I don't get any type
7:00:21of entry confirmation to enter for
7:00:23sales? If it sells down here, I can take
7:00:26buys off these areas. I'm planning all
7:00:28this out and this is what allows me to
7:00:30have my 30-minute work days because once
7:00:34I have this planned out, I use this cool
7:00:37feature that TradingView has called
7:00:39alerts. So, I know that in all of this
7:00:42area right here, if price chills in this
7:00:44area, I'm not doing nothing. The only
7:00:46time I'm acting is if price gives me a
7:00:49sell opportunity here or if price taps
7:00:52into this zone and gives me a buy
7:00:53opportunity or if price buys above here
7:00:57and gives me a buying opportunity. So,
7:01:00what I'm doing, because all of this is
7:01:02noise, I'm setting alerts right above my
7:01:05zone here. So, you can click this plus
7:01:07button at the side, you'll see it or you
7:01:09can right click on your screen and press
7:01:11add alert and that will add alert on
7:01:13here. It's not going to let me do it
7:01:14right now cuz I'm in the replay feature
7:01:16since I'm showing you guys this. You
7:01:17right click on here and you'll see over
7:01:19here add alert button. You'll press that
7:01:21and it would alert you as soon as price
7:01:23taps into here. So, most of the time,
7:01:25this is how I set up my charts. I set my
7:01:27alerts, I walk away. I don't have
7:01:29anything to do. If I'm here chilling on
7:01:32my live calls that I do with the inner
7:01:33circle every single morning, that's one
7:01:35thing. But, if I'm just not on my inner
7:01:37circle call or whatever, I'm probably
7:01:39doing some other work or I'm out hanging
7:01:41with my family or I'm eating breakfast
7:01:43until any of these alerts go off. I'd
7:01:45set an alert here, and I'd set an alert
7:01:47here. Since price is already in this
7:01:49zone, I don't have to set an alert cuz
7:01:50I'd be watching it at market open to see
7:01:52if it gives an entry or not. But, that's
7:01:54essentially how I set up my charts. And
7:01:56then, it's just a waiting game. You have
7:01:58to realize that and I It took me a long
7:02:00time to realize that trading is majority
7:02:03of the time waiting. It's majority of
7:02:05the time sitting on your hands waiting
7:02:07for price to do any of these plans that
7:02:09you assume price would do. I'm waiting
7:02:11for it to give me sell opportunities.
7:02:13I'm waiting for it to buy off this zone
7:02:14here. I'm waiting for it to buy off this
7:02:16zone here. But, let's say, "Okay, cool.
7:02:17My alert went off. Now, it's time for me
7:02:19to act." Let's say, in this example,
7:02:21because this is the actual example that
7:02:23we took this morning in the inner
7:02:25circle, price gave us a sell opportunity
7:02:27off here. So, how am I entering my
7:02:28trades? Good question. I'm going down to
7:02:31my 1-minute time frame. Once price has
7:02:34tapped into my zone, and it's after
7:02:36market open, right now, this is at about
7:02:388 or 7:59, so it's fast forward here
7:02:41until after market open happens, which
7:02:43is at 8:30 Central Standard Time. This
7:02:45is 8:27. Let's fast forward some. Once
7:02:488:30 happens, game mode. This is when
7:02:50I'm looking for actual entries. I want
7:02:53to see what price is doing at market
7:02:55open to see if it's still respecting my
7:02:57zone, whether I'm getting price action
7:03:00showing me it wants to go to the
7:03:01downside, or if price just buys up here,
7:03:04breaks outside of here, and is looking
7:03:06to give us that break and retest that I
7:03:07planned for before. At this point, like
7:03:09I said, I'm just waiting. I'm I'm
7:03:11waiting to see which opportunity the
7:03:12market's give me. But, here, right at
7:03:148:30, we ended up buying up. If we fast
7:03:17forward a little bit, we see price
7:03:18actually ended up consolidating a little
7:03:20bit inside of this zone. So, when I see
7:03:22consolidation inside of this zone, if
7:03:24you've watched any of my other videos,
7:03:26my exact entry criteria is when price is
7:03:30in my zone, and it breaks a recent low,
7:03:32or breaks a recent high. Now, what does
7:03:34that look like? Let's say this is my
7:03:36support zone right here and price is
7:03:38trending to the downside into my zone,
7:03:41right?
7:03:42I want to see price not just tap into my
7:03:44zone, but then break above a recent
7:03:47high. Let's see for example, this is the
7:03:49recent high. As soon as it breaks above
7:03:51that recent high, it's telling me that
7:03:53it's no longer in this downtrend
7:03:55anymore. It's now creating a higher
7:03:57high, which gives me the confidence to
7:03:59enter the trade as soon as it breaks
7:04:01above that high. I put my stop loss
7:04:03below the most recent swing low and I'm
7:04:05targeting just recent high points or
7:04:07recent low points if I entered for a
7:04:09sell. But this is exactly what I'm
7:04:11looking for and guess what happened
7:04:12here. So we see price
7:04:15was trending into our zone making these
7:04:17higher highs and these higher lows into
7:04:19our zone here.
7:04:21Price bought up. We then created a new
7:04:23higher low right here, then price bought
7:04:25up. So we have all these different lows
7:04:28created, right? We have this low, we
7:04:30have this low, we have this low, but the
7:04:32most recent low is right here. I'm
7:04:35looking for a break of that most recent
7:04:37low to then signify that price is
7:04:39respecting this zone. So once I see that
7:04:43price
7:04:44is creating these lows, I'm getting
7:04:45ready for an entry because it looks like
7:04:47it's going to sell down to break this
7:04:48recent low. I'd enter as soon as price
7:04:50broke above it. I put my stop loss right
7:04:53above the most recent swing high, which
7:04:55is just right here and then I'm
7:04:58targeting recent swing lows. So for this
7:05:00trade, we ended up targeting right down
7:05:03here in this area for about a 2.5 to 1
7:05:07risk to reward ratio. So here is price
7:05:09about to tap me into the trade right
7:05:12now. You see as soon as price broke
7:05:14below here, I entered myself into the
7:05:16trade and automatically I already know
7:05:19that my take profit is down here, my
7:05:20stop loss is up here. So if you guys
7:05:22remember, when I'm setting up my zones,
7:05:24I use alerts to notify me what's going
7:05:27on on the charts without me having to
7:05:29look. I'm doing the the exact thing when
7:05:31I'm in my trade. I don't sit here and
7:05:33watch my trades happen. I have no reason
7:05:35to because my trading plan says that I
7:05:38don't touch my trade. If it enters me
7:05:40into a trade, I'm not moving my stop
7:05:42loss up, I'm not moving my stop loss
7:05:44down, I'm not moving my take profit. I
7:05:46don't do that. I stay very, I guess,
7:05:48vanilla with my trades. If it hits TP,
7:05:51it hits TP. If it hits stop loss, it
7:05:52hits stop loss. That's just how I
7:05:54personally trade majority of the time. I
7:05:56don't do trailing, I don't do closing
7:05:58partial positions out. I don't really do
7:06:00any of that most of the time. So, what I
7:06:02do is as soon as it enters me into the
7:06:04trade, I'll set it alert at my stop
7:06:06loss, and I'll set alert at my take
7:06:08profit. That way I'm notified if the
7:06:11trade hits my stop loss or if it hits my
7:06:13take profit. And I most of the time just
7:06:15walk away. And we can fast forward this.
7:06:18Um this trade did end up hitting full
7:06:19take profit in a matter of entering me
7:06:22into the trade right here. So, ended up
7:06:24hitting full take profit here in about
7:06:2610 minutes. Now, this routine that I've
7:06:28created has been consistent for years.
7:06:31It's what's allowed me to see
7:06:32consistency inside my trading. A lot of
7:06:34people want to be consistently
7:06:35profitable, but the way that they trade
7:06:36is extremely inconsistent. One day
7:06:38they're trading this strategy. One day
7:06:40they're showing up the charts at 9:00,
7:06:42and the other day they're showing up at
7:06:4510:00. Like, you need consistency in the
7:06:47way that you trade to see consistency in
7:06:50your trading results. Now, the trade
7:06:52hit. Obviously, the trade won. I ended
7:06:54up making about $20,000 on this trade
7:06:57specifically. But, that's not the end of
7:07:00it. There's something very important
7:07:01that I do after each and every trade,
7:07:04and that is I journal my trade. Trading
7:07:07is all about patterns. It's all about
7:07:09data. And in order for us to see the
7:07:11data and see the patterns and be able to
7:07:13learn from the data and the patterns, we
7:07:15have to track it. I guarantee you right
7:07:16now, you probably remember your trade
7:07:18you took yesterday or the day before
7:07:20that or week before that. But, I
7:07:22guarantee you you don't remember the
7:07:23trade that you took a month ago.
7:07:25Meaning, all that data, all those trades
7:07:27you took a month ago, 2 months ago, 3
7:07:29months ago, a year ago, you have no data
7:07:31on it, meaning you cannot learn from it.
7:07:33That's why it's very important that you
7:07:35actually journal each and every trade
7:07:38that you take. And the things that I
7:07:40journal when I take a trade, I'm looking
7:07:43at, okay, what ticker did I trade? In
7:07:45this example, I traded YM. Did I enter
7:07:47for a sell or for a buy? I entered for a
7:07:49sell. What was the amount of money that
7:07:51I risked? On this trade, I risked around
7:07:53$7,000. So, I'm writing down how much I
7:07:55risked on the trade. How much did I
7:07:57profit on the trade? I'm writing down
7:07:59that I profited about $20,000 on the
7:08:01trade. I'm also writing down what
7:08:03strategy I used. In this example, I used
7:08:06support and resistance. I'm also going
7:08:08to write down why I think I won or why I
7:08:10think I lost the trade, depending if I
7:08:12won or lost the trade. What I wrote down
7:08:14inside my journal for this is I won the
7:08:16trade because I waited for price to show
7:08:19me the actual direction it was going in.
7:08:21It was inside of a resistance zone.
7:08:23Markets have been in a really strong
7:08:25downtrend. It gave me the sign that it
7:08:27wanted to continue in a downtrend, and I
7:08:29was able to capitalize on it. So, I'd
7:08:30write down something small like that. It
7:08:32doesn't have to be a long paragraph,
7:08:34just a reasoning for why you believe you
7:08:36won or why you believe you lost each
7:08:38trade. Look, we've just went over my
7:08:40exact routine that allows me to be able
7:08:42to sit at my desk for maybe an hour a
7:08:44day and then completely walk away from
7:08:47the charts and still pocket five to six
7:08:49figures a month. You know how I set up
7:08:51my charts, you know how I use alerts,
7:08:53you know when I enter trades, how I know
7:08:55if I should enter for a buy or sell, how
7:08:57I manage my trades. You know absolutely
7:08:59everything about my routine. Now,
7:09:01believe me when I tell you that this
7:09:03routine is way easier to stick to when
7:09:06somebody else is doing it with you. I've
7:09:08reminded you guys so many times to share
7:09:10this video with a friend or family
7:09:12member, and it's not just to get me
7:09:13shares. Obviously, you share the video,
7:09:15I get more views and things like that,
7:09:16but I'm actually being honest. Like, if
7:09:18you have somebody else to learn this
7:09:20with and go through this with, it's much
7:09:23easier to get good at trading, it's much
7:09:25less lonely, it's much
7:09:27much more fun cuz you guys can back test
7:09:29together, you guys can learn the
7:09:30strategies together, you guys can learn
7:09:32from each other. It's just way better to
7:09:34have somebody else to do it with you.
7:09:36So, if you haven't yet, share this video
7:09:38with a friend or family member or group
7:09:40of people where you guys can all lock in
7:09:43on trading together, hold each other
7:09:45accountable so you guys can actually
7:09:47stay disciplined. This is something that
7:09:49I wish I could teleport back in time and
7:09:51tell myself to do and kind of not force,
7:09:53but force one of my either siblings or
7:09:56one of my friends or family members to
7:09:58learn it with me. That way the journey
7:10:00would have been a lot less, what is the
7:10:02word? Lonely? Not lonely, painful? Sad?
7:10:07Depressing?
7:10:08Either way, it would have been a lot
7:10:09more fun. Anyway, send this video to
7:10:11somebody that will hold you accountable
7:10:14and somebody that you want to hold
7:10:15accountable to changing their life with
7:10:17day trading. All right, so we went over
7:10:19the mistakes. Now, I want to give you
7:10:21guys the nine-point
7:10:23daily checklist that I share with all of
7:10:26my really one-on-one students.
7:10:30That just make If you print this out,
7:10:32this will this will drastically help you
7:10:34out and just kind of follow this order.
7:10:36Create it, turn it into more so of a
7:10:37routine. I gave you guys my routine that
7:10:39I follow,
7:10:41but if you can turn this into your own
7:10:42routine, you'll be pretty set.
7:10:46So, the first thing is wake up at the
7:10:48same time every day. I found this to be
7:10:50super efficient because if you're waking
7:10:52up at random times throughout the day,
7:10:54your mind will be at random
7:10:56will feel random every single day.
7:10:59Meaning like, I know for myself, if I
7:11:01wake up at 5:00 a.m., my mind's going to
7:11:03be at like this level of competence. If
7:11:06I wake up at freaking 3:00 a.m., it's
7:11:08going to be at this level of competence.
7:11:09If I wake up at 9:00 a.m., it's going to
7:11:11be at this level of competence. Whatever
7:11:12it is for you, right? I've just noticed
7:11:15that having consistency in when I wake
7:11:17up, allows my mind to or it's not even
7:11:19that my mind operates at the best level
7:11:22when I wake up at the same time, it's
7:11:24just a predictable level. Like I know
7:11:26how I feel when I wake up every single
7:11:28day at the same time versus
7:11:31um
7:11:32if it's
7:11:33>> [laughter]
7:11:34>> versus if I'm just waking up at random
7:11:37times, right? So, yeah, do that. Step
7:11:39two, indulge in trading content for at
7:11:41least 2 hours a day. This is something
7:11:43you can do. You don't have to do this
7:11:44before you actually start trading, but
7:11:46you should be indulging in learning each
7:11:48and every day. Like you have to put time
7:11:51into sharpening your skills. That
7:11:53doesn't mean that every video you watch,
7:11:54you're going to take that on. That
7:11:55doesn't mean if you watch a a new
7:11:57strategy video, like you're going to
7:11:58switch strategies and go to that. It's
7:12:00just about seeing different perspectives
7:12:02and maybe taking other information to
7:12:04add as extra confluences for what you're
7:12:06currently doing. So, make sure you are
7:12:08indulging in trading content and
7:12:10consuming trading content as frequently
7:12:13as possible. The next thing, which is
7:12:15something that a lot of people sleep on
7:12:16and I talked about it inside of my
7:12:18routine, is backtest before you trade
7:12:21every single morning. This is something
7:12:22that I don't know why so many people
7:12:24don't understand. Like imagine you're a
7:12:26basketball player
7:12:27and
7:12:28every single time you go play in a game,
7:12:30you just go straight from the locker
7:12:32room onto the court and start playing.
7:12:34No, you have to go practice beforehand.
7:12:36Same thing when it comes to trading.
7:12:38Backtest a few minutes every single day
7:12:40before you start trading just to warm
7:12:43your mind up, just to get used to I'm
7:12:44saying warm your mind up like
7:12:46it's a freaking car. But just to warm
7:12:48your mind up and get
7:12:50um familiar with where the charts is at
7:12:52or how you're supposed to trade, um
7:12:54going over your checklist, going over
7:12:56your strategy so you have no hiccups
7:12:58when the markets actually start. Step
7:13:00four is to refresh your charts every
7:13:01morning. This is great for new traders.
7:13:04Um if you're more experienced, you don't
7:13:05necessarily have to do this.
7:13:07Uh what I mean by refresh your charts
7:13:09every morning is redraw your support and
7:13:11resistance zones. Redraw your trend
7:13:13lines, redraw um your setups every
7:13:16single day because the more reps you
7:13:18have on drawing your support and
7:13:19resistance zones, the more reps you have
7:13:21on drawing trend lines or all these
7:13:23different things, the better you're
7:13:25going to get at it and the faster you're
7:13:26going to be able to spot those things.
7:13:28So, take the opportunity every day, even
7:13:30if you're just deleting them on the
7:13:31chart, freaking refreshing your browser,
7:13:34spinning around in a circle, and then
7:13:36redrawing the charts redrawing your
7:13:38zones again or whatever it is that
7:13:40you're drawing on your chart. Just take
7:13:41the opportunity to practice each and
7:13:43every day. Uh step five is to have a
7:13:45specific game plan for every single
7:13:46trade before you enter. We already
7:13:48talked about that multiple times, but
7:13:49that's something you need to really
7:13:51focus on. Um making sure you have a
7:13:54dialed kind of plan of action before you
7:13:57even press that buy button or that sell
7:13:59button. Uh sixth step is to enter the
7:14:00trade and leave. Utilize alerts, don't
7:14:03watch them. I promise trading is so much
7:14:05more stress so much less stressful when
7:14:09you're freaking
7:14:10swimming or so much more stressful when
7:14:13you're in the trade and you're playing
7:14:14video games or something like that. Like
7:14:15where you you're not sitting there
7:14:17looking at the charts. Just enter your
7:14:19trade, let it rock, go play with your
7:14:21kids, go hug your wife or your your
7:14:24husband, whoever it is for you. Go
7:14:26I don't know. Don't just just do
7:14:28anything but but look at the charts. The
7:14:30seventh step is to journal every single
7:14:31trade. You don't want to skip that.
7:14:32That's extremely important because you
7:14:34need the data as we talked about so many
7:14:36times. And then obviously reviewing your
7:14:38journal at least once a week. I usually
7:14:40do it on either Fridays or Saturdays. Um
7:14:43that way I can recap what I did during
7:14:45the week and plan for what I might want
7:14:47to change or plan for what I'd want to
7:14:49look out for on the next week. Um also
7:14:52track your psychology. Know what kind of
7:14:54trader you are. Know your weak points.
7:14:57Know if you're someone who struggles
7:14:58with revenge trading, with
7:15:00over-leveraging, with being overly
7:15:02confident or not being confident enough.
7:15:04Just know who you are, track your
7:15:06psychology, learn that mental part of
7:15:08yourself and how you are as a trader so
7:15:11that you can combat that and you can
7:15:12know the red flags to look out for so
7:15:15you don't continue to make the same
7:15:17exact mistakes. If you know that you're
7:15:18the type of person um that continues to
7:15:22switch strategies, like set some type of
7:15:25structure around it, whether it's a
7:15:26trading plan and adding that consequence
7:15:28like we talked about, or something else
7:15:30that just forces you to only
7:15:33focus on that strategy. Whether it's
7:15:34like never being able to watch any
7:15:37strategy videos so you don't get any new
7:15:39ideas. You just have to learn yourself
7:15:41and learn what you can do to stop um
7:15:43those red flags that you have when you
7:15:45actually are trading. Uh but that is my
7:15:47nine-step daily checklist to make sure
7:15:49that you read over. You can screenshot
7:15:51this. Like I said, get it tatted on your
7:15:53I don't know
7:15:55the back of your hand so you can watch
7:15:56it, or you can paste it on your
7:15:59um screen. What I used to do is I had my
7:16:02trading plan written down on like a
7:16:04sticky note and I had it taped on my
7:16:06monitor so I had to read through it
7:16:07every single morning, similar to how we
7:16:09already talked about when it came to um
7:16:11creating your trading plan. But yeah,
7:16:13this is another great one to add to the
7:16:14arsenal. Now, a lot of you guys might
7:16:16ask, "What does your routine have to be
7:16:18to be a consistently profitable trader?"
7:16:20I'm going to dive into what my exact
7:16:22routine is so that you can follow my
7:16:24routine, follow exactly how I go about
7:16:26my mornings to get ready to start
7:16:29milking the markets as we just said. Cuz
7:16:31honestly, winning trades are born in the
7:16:33charts, but profitable traders are made
7:16:35in their daily routines and I will stick
7:16:37by this. I promise you that.
7:16:39So, realistically, I start every day and
7:16:41I kind of mentioned this before and this
7:16:42is how I personally start my day and how
7:16:44I've done it for the past
7:16:46more than I've been trading. So,
7:16:47probably like
7:16:4810, 12 years now. Um I start every day
7:16:51with praying, meditating, and reading my
7:16:54Bible. It just gets me in a nice calm
7:16:55mind space and head space realizing that
7:16:59money, trading, is not the end goal.
7:17:00That's not all that life is. Life is so
7:17:03much bigger. And that just helps me put
7:17:04into perspective and not be too attached
7:17:06to trading or too attached to the trades
7:17:09or the outcome of the trade, knowing
7:17:10that there's so much more to life.
7:17:13Um it really keeps me focused. It keeps
7:17:14me calm on, like I said, the things that
7:17:16truly matter. Once I do that, I'll go to
7:17:18the charts and I'll see what the market
7:17:20has done while I was sleeping. Once I
7:17:22see what the market has done while I was
7:17:24sleeping, I'll start drawing my major
7:17:26areas of interest zones, starting from
7:17:27my higher time frames and working myself
7:17:29down. How I showed you guys, I'll draw
7:17:31my zones on the 4-hour time frame or on
7:17:34the hourly time frame. I'm basically
7:17:35making my plan for the day. What do I
7:17:36want price to do? Do I want price to tap
7:17:39it to this resistance zone up here? Do I
7:17:40want price to tap into the support zone
7:17:42right here? If it does, what am I
7:17:43looking for? Just things like that. And
7:17:45then honestly, I walk away from the
7:17:46charts and wait for my my alerts to go
7:17:48off. I try and trade very passively. I
7:17:50don't want to sit here in front of my
7:17:52computer for hours out of day. I got
7:17:54into trading to get not just financial
7:17:56freedom, but also location and time
7:17:58freedom. I have a wife, I have a
7:18:00daughter, I have a son that by the time
7:18:02this video comes out will be here. So, I
7:18:05have a life. I don't want to sit here in
7:18:06front of the charts and that's why I
7:18:08utilize my alerts.
7:18:10Um now it's important to understand that
7:18:12successful trading is a marathon. It is
7:18:14not a sprint. You need to have emotional
7:18:16regulation and stay calm under pressure,
7:18:17which is what I've talked about multiple
7:18:19times. You need to be a continuous
7:18:20learner. You need to study market trends
7:18:22and you need to refine your strategy
7:18:24accordingly. And you need to have the
7:18:26discipline to stick to your trading plan
7:18:28even when it is very tempting to deviate
7:18:31cuz trust me, there will be times in the
7:18:33market, multiple times in the market,
7:18:35where you truly, truly just want to take
7:18:37that trade where you truly, truly just
7:18:39want to deviate from the plan that you
7:18:40have. But trust me, it might work out
7:18:43this one time. But over 10 times, it
7:18:46will not work out and you do not want to
7:18:49get in the habit of continuously setting
7:18:51yourself back from being a consistently
7:18:53profitable trader. All right, so we went
7:18:55over the daily checklist. Now I want to
7:18:58give you guys the secrets, man, my core
7:19:00principles. This is like the This is
7:19:02like the foundation of what my trading
7:19:04is built off. This is like the
7:19:05foundation of how I trade, my mentality
7:19:08when it comes to trading just overall.
7:19:10Um these are seven principles that I
7:19:12think you all should implement into your
7:19:14trading Well, really into your mindset
7:19:17when it comes to trading. Yeah, let's
7:19:19get into the first one. So the first one
7:19:21is to follow your strategy, not your
7:19:22emotions. Your strategy was built when
7:19:24head was clear. You've tested this
7:19:26thing. You've back-tested it. You have
7:19:28journaled and data on this. When you're
7:19:30in the middle of your trade, your
7:19:32emotions are the worst person to take
7:19:34advice from. You are not smart when
7:19:36you're in a trade. You start being
7:19:37emotional, irrational, um
7:19:41you just start doing stupid things. So
7:19:43always remember and recite this back in
7:19:45your head on repeat. Follow the
7:19:47strategy, not your emotions. The
7:19:49strategy, not your emotions. The
7:19:50strategy and not the emotions. Just
7:19:53follow it and execute on it. That is
7:19:55going to make trading a lot less
7:19:57stressful. Now this is something huge
7:19:59for me. Um I had to detach from money.
7:20:02Meaning I had to stop looking at trading
7:20:05as
7:20:06a way to make money. I had to look at it
7:20:08more so like a system that I was
7:20:10following and then the money that I was
7:20:12making was my reward for following that
7:20:14system.
7:20:15Um the issue with
7:20:17attaching trading to money is it adds an
7:20:20additional layer of
7:20:22um
7:20:23what's the word? Pressure on you. Cuz
7:20:26every trade you look at, you're looking
7:20:27at, "Okay, what can I buy if this trade
7:20:29wins? Or what can I not afford to pay if
7:20:32this trade loses?" You need to just
7:20:34trade, like I said before, following
7:20:36your setup, following your strategy,
7:20:38following your plan, and letting the
7:20:40money be the reward for doing that over
7:20:42a consistent period of time. You need to
7:20:45stop watching the dollar P&L. There's
7:20:47actually something you can do in the
7:20:48settings on Tradevate and TradingView
7:20:50where you're actually able to turn off
7:20:54the um like when you're in a trade and
7:20:55it shows you paying out going up or
7:20:57down, that's in dollars most of the
7:20:58time. You can actually switch that so it
7:21:00shows it in ticks instead of dollars or
7:21:03in percentages instead of dollars. So
7:21:05either way, I would suggest you
7:21:07switching it from dollars until you've
7:21:09mastered that uh
7:21:10mindset of detaching your trade from
7:21:14money or detaching trading overall from
7:21:16money.
7:21:18This is a hard one, right? This is kind
7:21:20of a hard one. This is one I didn't
7:21:21realize and I thought something was
7:21:23wrong with me when I started becoming
7:21:24profitable. I was so bored. Like it was
7:21:27so boring. It became so boring to trade.
7:21:29Like when I first started off trading,
7:21:31it was exciting.
7:21:32It was exhilarating. It was so fun. I
7:21:35was so excited to come to the charts and
7:21:37trade because I was gambling. I was
7:21:39losing, but I had fun.
7:21:42But then you realize after a while that
7:21:43profitable trading is boring and the
7:21:45reason that it's boring
7:21:47is because you're doing the same thing
7:21:49over and over again. You're risking the
7:21:50same amount every single day. You're
7:21:52coming to your charts at the same exact
7:21:54time. You're trading your exact setup
7:21:56the same way every single day. Like it's
7:21:57just so repetitive, but that's what you
7:21:59need when it comes to trading. So the
7:22:01moment you start feeling bored while
7:22:03you're trading,
7:22:04that's when you know you're doing
7:22:05something right. If you're always
7:22:07excited and you're super eager to hop on
7:22:09the charts and you love trading with all
7:22:11of your heart and all of your soul and
7:22:13all of your mind and it's the most fun
7:22:15thing ever, you're probably gambling if
7:22:17we're being honest here.
7:22:19Principle number four is you need to
7:22:21have a structured trading routine. We
7:22:23just talked about this, but I just want
7:22:24to reiterate it cuz it is one of my
7:22:26seven core principles. Wake up at the
7:22:28same time. Have the same preparation
7:22:30before I get to the charts. Have the
7:22:32same backtest warm-up. I set the alerts
7:22:35the same way that I do every single day.
7:22:37The routine is what allows us to remove
7:22:39our decisions, removes our emotions,
7:22:41removes our thinking because we honestly
7:22:44don't need to be thinking when it comes
7:22:45to trading outside of the rules that we
7:22:49have set in place. We should not be
7:22:50thinking, "Okay, what if this happens,
7:22:53but this doesn't happen?" We should
7:22:54always have in plan what exactly we will
7:22:57do when each thing happens. So, make
7:23:00sure you have a structured trading
7:23:01routine. That way you're not just
7:23:04haphazardly going about in your trading.
7:23:07You have to realize that losses are part
7:23:09of the game, man. It's um I gave the
7:23:11analogy before about the coin flip.
7:23:14Um
7:23:15And no matter if your win rate is a 95,
7:23:18you're still going to lose 5% of the
7:23:19time. You can never know when that 5% is
7:23:21coming. It can come five times in a row,
7:23:24right? You'd be really unlucky, but it
7:23:25can come five times in a row. You need
7:23:28to accept the fact that losses are part
7:23:30of the game. If you see any trader
7:23:31online or any trader on social media,
7:23:34whatever, saying that they never lose or
7:23:36they always win, they're lying to your
7:23:38face. And I think they might actually be
7:23:40calling you stupid. Because every single
7:23:42person
7:23:43loses. And if they think that you don't
7:23:46believe that you believe them when they
7:23:48say they never lose, they're calling you
7:23:49stupid to your face, and you shouldn't
7:23:50allow that.
7:23:52Explain to them that losses are part of
7:23:53the game, and this is a real thing that
7:23:55happens. We all lose. None of us are
7:23:57going to win all the time. The issue is
7:24:00or the the I guess the plan is that our
7:24:03losses should not break us. We should be
7:24:05able to take losses and it not affect us
7:24:07mentally, not affect our account
7:24:10balances to the point where we can't
7:24:12trade anymore or we blow accounts when
7:24:13we lose. We should be very, very
7:24:17um we should have losses that are very,
7:24:18very manageable. Principle number six is
7:24:20back testing is essential. Confidence
7:24:23comes from data, not feelings.
7:24:25Confidence comes from doing it and
7:24:26seeing it multiple times. It comes from
7:24:28repetition, meaning doing it over and
7:24:31over again. You have to put the time
7:24:33into back test. If you can put in
7:24:35an hour a day, you'll see how drastic
7:24:38how drastic the change will be in the
7:24:42way you feel when you are trading in the
7:24:44live markets. You'll gain so much more
7:24:45confidence. You your trading will be
7:24:48much more smooth cuz you have done it so
7:24:50many times. Just make sure you're
7:24:52prioritizing back testing.
7:24:55And then principle number seven is to
7:24:57get a mentor or community. I've
7:24:59mentioned so many times throughout this
7:25:00video to to share this video with a
7:25:02friend or family or a group chat or
7:25:04something like that because it's very
7:25:06hard to trade by yourself. It's doable.
7:25:08I did it. I mean, I had mentors. I paid
7:25:10for basically every single trading
7:25:11course out there when I first started
7:25:13off trading. Um
7:25:15that was really the only time when
7:25:16trading didn't feel
7:25:19like super super stressful is when I had
7:25:21other people to talk to.
7:25:23Um and then also having a mentor, I
7:25:25never really said I had like one
7:25:27specific mentor. I learned from so many
7:25:29different people, but if I had somebody
7:25:31who I just loved their trading style,
7:25:32who I loved the way they explained
7:25:34things,
7:25:35uh if I understood exactly what they
7:25:37were saying and I like I completely
7:25:39vibed with that person
7:25:41and I had that type of mentor, that
7:25:42would have been so easy for me to get to
7:25:44the point that I'm at now much quicker.
7:25:46And that's honestly exactly why I built
7:25:49my inner circle.
7:25:50Um I've talked so many times about my
7:25:52inner circle. You guys see exactly what
7:25:53comes in the inner circle. We have live
7:25:55trades, meaning you to you get to trade
7:25:57live with us every single day Monday
7:25:59through Friday.
7:26:00Um we send out every single trade we
7:26:02take so you guys can take them with us.
7:26:04There's multiple coaches inside the
7:26:05inner circle. So even when I'm not
7:26:07available, you're still getting your
7:26:09questions answered and a lot of them
7:26:11also have their own super amazing
7:26:13strategies and things like that. We have
7:26:15our dedicated trading psychologist,
7:26:17which
7:26:18I will continue to repeat all throughout
7:26:21this video that mental the mental part
7:26:23of trading is the hardest part and the
7:26:25part you really need to master. Um you
7:26:27also get the full content library,
7:26:28meaning so much more content that I
7:26:30couldn't fit into this 10-hour video and
7:26:32much more deeper things, a lot of live
7:26:34streams, a lot of
7:26:35um
7:26:36little masterminds that we have done.
7:26:39Um we also get one-on-one trade reviews.
7:26:40So, you send your trades in, we give you
7:26:43critiques on what you could have done
7:26:44better,
7:26:45um what you might have missed, uh what
7:26:47you should do next time to improve, and
7:26:48things like that. We're just trying to
7:26:50give you everything essentially that you
7:26:52would need to uh become the best trader
7:26:55possible.
7:26:57Um then obviously you get access to that
7:26:58community. I'm I'm going to be 100%
7:27:01honest with you guys. The my inner
7:27:03circle community is like amazing. We're
7:27:05honestly a family. The live calls are so
7:27:06fun. They're so entertaining. Um they're
7:27:09so informative. I love doing the live
7:27:10calls. I love talking to everybody in
7:27:12there. We really treat each other like
7:27:14like family. We have inside jokes. We
7:27:17have The culture is amazing. I don't
7:27:19know. I'm just speaking from my heart
7:27:20right now. I love the uh inner circle
7:27:22community. So, if you're one of them and
7:27:24you're watching this video, I appreciate
7:27:25y'all. You guys are absolutely amazing.
7:27:28Um
7:27:29Yeah, but that's what you get inside of
7:27:31the inner circle. So, it's um I've said
7:27:33so many times it's super limited. Um
7:27:35it's really only for serious traders. If
7:27:37you're just trying to make a few hundred
7:27:38bucks or like a thousand or two thousand
7:27:39dollars a month or something, it might
7:27:41not be for you if I'm being honest. Um
7:27:44this video is more than enough to get
7:27:46you to that point. Um but if you're
7:27:47trying to scale past that and really see
7:27:50expedited results, the inner circle
7:27:52might be something that would benefit
7:27:54Well, it definitely will be something
7:27:55that'll benefit you. But here's my seven
7:27:57core principles. Again, take this, print
7:27:59it out, put it on your wall as a poster.
7:28:02I don't know. Tat it on your
7:28:05left hand. I don't know at this point.
7:28:07Um but just a quick recap, follow your
7:28:09strategy, not your emotions, detach from
7:28:11money, remember that profitable strategy
7:28:14is boring, make sure you have a
7:28:15structured trading routine, understand
7:28:18that losses are part of the game, you
7:28:20have to backtest, it is very essential,
7:28:22and then get a mentor or join a
7:28:23community or do both. Um that would
7:28:25actually be ideal if you did both. It'll
7:28:27help you out so much in your trading
7:28:29journey. All right. So, I mentioned at
7:28:30the very beginning that trading can be
7:28:32extremely lonely, and that's the 100%
7:28:35honest truth. So one more time, take 7
7:28:38seconds right now to send this video to
7:28:40a family or a fam or a friend or whoever
7:28:43it is that you're trying to lock in on
7:28:44this journey with. I promise you it'll
7:28:46be so much easier to hold each other
7:28:48accountable, wake up early, backtest
7:28:51together, and honestly, you're just
7:28:53going to appreciate having somebody else
7:28:55that you can relate to during your
7:28:56trading journey. Now, if you want to get
7:28:58more personalized one-on-one help from
7:29:00me to guide you through single thing
7:29:02that we went over in this multiple hours
7:29:04of content, no matter if you're a
7:29:06complete beginner or you've already
7:29:08started trading, click the link inside
7:29:10the description of this video to have
7:29:11the opportunity to join my inner circle.
7:29:14That's where I'll be able to work
7:29:15hands-on with you to get you to the
7:29:18point that you want to get to as soon as
7:29:20possible. I've poured every single bit
7:29:23of information I have into this full
7:29:25course, and I truly look forward to all
7:29:27the amazing testimonials and messages
7:29:29that I'm going to get from people just
7:29:30like you telling me how this video
7:29:32completely changed their life. This
7:29:34isn't just about learning a new skill,
7:29:36it's about setting yourself and your
7:29:38entire family free. It's about having
7:29:40financial freedom, the location freedom,
7:29:42the time freedom to finally live the
7:29:44life that you've always dreamed of, the
7:29:46life that you honestly deserve. So I'm
7:29:48so grateful that you entrusted your time
7:29:50with me today to learn this insanely
7:29:52valuable skill. I'm excited for you to
7:29:55start this journey, and I genuinely look
7:29:57forward to the day that you drive past
7:29:59me in that Lamborghini because
7:30:02you stayed disciplined and you reached
7:30:04your goals. Lamborghini or I don't know,
7:30:06a classic Maybach or I don't know,
7:30:08anything that you want. Now, real quick,
7:30:10before you go, you have the strategies,
7:30:13you've got the routine, you've got the
7:30:14psychology, you've got everything you
7:30:15need, but the truth is even the best
7:30:18strategies in the world won't change
7:30:19your life if you're only trading with a
7:30:20couple hundred bucks of your own. The
7:30:22only reason that this whole system will
7:30:24actually be able to work at scale is if
7:30:27you have capital to actually back it up.
7:30:29And the easiest way to get the capital
7:30:31without risking your savings or your
7:30:32rent money is to use other people's
7:30:34money, just like we talked about inside
7:30:36this video. I made this video right here
7:30:39where I'll show you personally how I
7:30:41trade prop firms and how I scale using
7:30:44prop firms in my trading so I don't have
7:30:46to risk my own money. I'll see you
7:30:48there. Let's make this year the best one
7:30:50that you've ever had and let's continue
7:30:53to milk these markets.
7:30:55God bless.

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