Best Strategy UPDATED (Dumb Money Concepts) — Transcript

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1. 0:00We're going to look at dumb money
2. 0:01concepts. The old era of dumb money
3. 0:03concepts was more of a of an average
4. 0:06into it. We have a much stronger way of
5. 0:09identifying how to trade. All this stuff
6. 0:13still applies. It's still the same
7. 0:15concept. The major difference is I was
8. 0:18using these zones, entering entering
9. 0:21into zones, and I didn't know exactly
10. 0:23where the entry was going to be, okay?
11. 0:25And I would average in. The difference
12. 0:26is it's the it's the exact same thing
13. 0:28basically. And what we're going to do is
14. 0:29we're just going to jump to a 15 sort of
15. 0:31thing. Cuz it's the same on all time
16. 0:32frames. It really does not matter. The
17. 0:34only thing is the smaller time frames
18. 0:36will have Actually, let's go on the
19. 0:37Nasdaq, okay? So we can see what's kind
20. 0:39of happening today. If you fail to make
21. 0:41a new high, you must go in the reverse
22. 0:42direction. Or if you fail to make a new
23. 0:44low, you'll go in the the other
24. 0:45direction as well. So you failed to make
25. 0:46a new low on these wicks. So you must
26. 0:48have gone for a new high, right? Right
27. 0:49here, you know, you failed to make a new
28. 0:51high here, and you went down, right?
29. 0:53Now, how far down it goes, that's up to
30. 0:56the determination, and that's kind of
31. 0:58those zones that I was drawing out
32. 1:00entries and exits, right? Now, the major
33. 1:01difference here is we don't need to use
34. 1:03those zones anymore. We get exact
35. 1:05entries. Now, what I know is when we
36. 1:07enter, it doesn't matter if it's a if
37. 1:09it's candle body or a wick. Once we
38. 1:11reenter the zone, we know that it's
39. 1:13going to go to the opposite side of that
40. 1:15move, okay? So we know the opposite side
41. 1:17of that move. So you can see here, it
42. 1:19reentered that zone, you would have
43. 1:20entered, and so we get a really precise
44. 1:22entries here. And we just trade like
45. 1:25this, okay? That's literally it. It's a
46. 1:26lot easier than averaging in, scaling
47. 1:29in, and no. So all we have to do is as
48. 1:32we watch these levels, when it closes
49. 1:34back within, it will go to the next
50. 1:35level up, okay? So every single candle
51. 1:37we're going to reevaluate. So when you
52. 1:39had one here, you can say, "Hey, we
53. 1:40failed to reenter this zone, so we must
54. 1:42go for a new high." We also entered this
55. 1:44zone, so we must retest that. So we're
56. 1:46going to enter here, and then go for the
57. 1:47new high, okay? That's it. That's all
58. 1:49that I'm adding to the DMC method. But I
59. 1:52know you guys are going to be like, "Oh,
60. 1:53well, that sounds so stupid. How am I
61. 1:55supposed to trade that?" Well, [ __ ]
62. 1:56let's let's look at it. Okay, look at
63. 1:58this, okay? Every time you enter a zone,
64. 2:00you reenter the zone, you close here,
65. 2:02you retest the bottom of the zone, and
66. 2:04then you go to the top. It's simple. You
67. 2:05don't need to be doing these crazy R
68. 2:08trades. That's it. One R, boom. Every
69. 2:10single time. And it works always, unless
70. 2:12there's a larger fractal, okay? That is
71. 2:14more important. So then we come here, we
72. 2:16gain that level, you retest it, and
73. 2:18literally it's the same thing
74. 2:20realistically, right? And then you just
75. 2:21shoot for a new high, okay? That's it.
76. 2:23Like there's no there's no strategy.
77. 2:25It's just this is what happens, okay?
78. 2:27I've understand it so much now that it
79. 2:30it's what happens, always. Let me show
80. 2:32you another example. You've got this
81. 2:33move here. We attempt to make the new
82. 2:35low, right? We failed. So what do we do?
83. 2:37We retest it and then go for the high,
84. 2:39right? That's it. Literally every single
85. 2:41time. Look, we made a new high, we
86. 2:42retest it, and then we go for a new
87. 2:44high, okay? Now, why did it dump up
88. 2:46here? We had the massive dump on the on
89. 2:48the open. Now let's let's show you. The
90. 2:50larger fractals are more important
91. 2:53sometimes. Here is a daily level that
92. 2:55needed to be tested. That was untested,
93. 2:57right? So what The important thing of
94. 2:59this strategy, two things. Draw your
95. 3:01higher time frame levels. You know that
96. 3:02there's going to be tests and rejections
97. 3:04off of. So we drew that. So in the
98. 3:05morning, we knew that that was going to
99. 3:07be a a place that they were going to
100. 3:08test it. But beforehand, every single
101. 3:10close before, you attempt to enter this
102. 3:12area, you fail to, so it goes for a new
103. 3:13high. That is technically literally a
104. 3:15new high right there before it dumped.
105. 3:16It will always do it. You just have to
106. 3:18be fast. You attempt to make a new high
107. 3:20right here, fail, go down for a new low.
108. 3:22Come back, make a new high, fail, go
109. 3:24down for a new low. You reenter this
110. 3:25zone here, retest it, then go for a new
111. 3:27high. Like there is zero wrong. This is
112. 3:30a 100% strike rate strategy. The only
113. 3:33time you will ever get something wrong
114. 3:34is if you are an idiot. This is how the
115. 3:36market works. Let's break down some of
116. 3:38the charts so we can see what's going to
117. 3:39happen in power hour. So here here
118. 3:40here's the thing. We're going to watch
119. 3:42this 5-minute candle, right? And if it
120. 3:44reenters, what we're going to do is
121. 3:46we're going to buy here and target
122. 3:48there, right? It's simple. That's that's
123. 3:50literally it. That's the strategy. So
124. 3:51it's failing, right? We'll see where it
125. 3:53closes, though. Right, rejection. So
126. 3:54it's going to go for go for the new low,
127. 3:56right?
128. 3:59Oh, it already dumped, dude. Ah. I told
129. 4:02you go for the new low, right? Told you
130. 4:03to go right here. Boom. Guess where it
131. 4:05went? Right there. For the new low. The
132. 4:07next low down, right? This would have
133. 4:08been your trade.
134. 4:11That's what I was trying to enter, but I
135. 4:12was too slow. This is why you don't day
136. 4:13trade. This is why day trading is silly,
137. 4:14cuz it's like, "Oh, I waited just to
138. 4:16miss it, you know?"