Fumbled my pre-market plan today | 🔴 Live NQ Futures Trading | Order Flow & Prop Firms — Transcript

Full transcript

1. 0:01[snorts]
2. 1:05>> All right.
3. 1:07Another day.
4. 1:11We had a pretty big move last night.
5. 1:33>> [snorts]
6. 1:56>> What up? what up?
7. 2:09So, we're going to wait a little bit.
8. 2:13And then I'll uh
9. 2:15explain what I'm looking at today.
10. 2:47>> [snorts]
11. 2:47>> What up, Richard?
12. 3:17All right, so basically
13. 3:20we had this uh large move down. I've
14. 3:23been watching this level. I was waiting
15. 3:25for us to push into this for basically
16. 3:28all week.
17. 3:30Um
18. 3:31and we did it during
19. 3:34Asia basically yesterday. So, we started
20. 3:36pushing down. I actually traded some of
21. 3:38this, not on the funded accounts, but
22. 3:41uh I passed like three evals trading
23. 3:44this.
24. 3:45So, I'm going to activate two of them
25. 3:46later today, but
26. 3:49we have three funded accounts now.
27. 3:51After we activate the other two, we'll
28. 3:52have five.
29. 3:55And then
30. 3:58we're going to try and make a comeback
31. 4:00on the month cuz we started it by
32. 4:02blowing some accounts. So
33. 4:04what I'm looking for today is I want to
34. 4:06see if we're going to actually
35. 4:10make another leg lower.
36. 4:16Now, if we if we I mean, it looks like
37. 4:18we're starting to do it right now
38. 4:19pre-market. So
39. 4:22if we start
40. 4:26if we take like London lows, for
41. 4:27example, and we start pumping up
42. 4:31I'm not going to be looking for longs in
43. 4:33this situation until we start getting
44. 4:34like above here, like towards like 900.
45. 4:40I'm looking for price to essentially
46. 4:41take out London lows, Asia lows, and
47. 4:44then once we're in this area, I'm going
48. 4:46to be watching pretty closely to see if
49. 4:48we're going to
50. 4:50find some type of support here
51. 4:53or if we're actually going to accept
52. 4:55and continue lower.
53. 4:59So that's kind of the game plan
54. 5:01for the day.
55. 5:03Now, we're falling kind of aggressively
56. 5:06right now before market opens.
57. 5:14So we're just going to wait.
58. 5:15We're just going to wait for now.
59. 5:17And then today I'm copy trading three uh
60. 5:20three funded accounts, two Topstep
61. 5:21accounts, and one Apex account.
62. 5:37>> [snorts]
63. 6:34>> So, actually
64. 6:38about to take London lows right now.
65. 7:21So, we're just going to wait 6 minutes
66. 7:22for market open.
67. 7:25And then we'll see what it wants to do.
68. 7:34I do think though that today
69. 7:37New York session is going to have
70. 7:39um
71. 7:40a little bit more movement
72. 7:42>> [snorts]
73. 7:43>> than yesterday or
74. 7:49or the day before that.
75. 7:58I think it'll be a little bit
76. 8:01I think there'll be some opportunities
77. 8:02today cuz yesterday we basically
78. 8:05compressed like
79. 8:08we ranged all day.
80. 8:14I'm not really expecting that to happen
81. 8:15today, at least for the AM session.
82. 10:25>> Also on this uh
83. 10:28on this express account, this new one I
84. 10:30got,
85. 10:32I did their the I did their new um plan,
86. 10:35the consistency rule one. Usually I hate
87. 10:37consistency rules, but
88. 10:41we're going to we're going to test that
89. 10:42one out. 3 days for a payout.
90. 10:47Which really doesn't matter actually
91. 10:48because of the
92. 10:50it's not often that I'll take like
93. 10:51windfall days, but
94. 10:55just in case.
95. 11:26>> [snorts]
96. 11:29>> So again,
97. 11:31I'm [clears throat] seeing if we're
98. 11:31going to come down and take out these
99. 11:32lows, and then I'm going to be watching
100. 11:34in this area
101. 11:36to determine
102. 11:37if we're going to accept lower or we're
103. 11:39going to bounce and come back in here.
104. 11:46If we just start ripping off the open
105. 11:48for whatever reason and we start I'm not
106. 11:51going to really do anything until we
107. 11:52start getting up here.
108. 11:55Adderall?
109. 11:57>> [laughter]
110. 11:58>> No, bro.
111. 11:59This is Zen.
112. 12:02That's my breakfast.
113. 12:04Was that Adderall?
114. 12:06>> [laughter]
115. 12:08>> No, it was not.
116. 12:10It was not.
117. 12:14I don't need it. I don't need that
118. 12:15stuff. I just need some coffee, black,
119. 12:18no
120. 12:18no sugar, no cream, and then a Zen, 6
121. 12:22mg, and then we're ready to roll.
122. 12:25We're ready to roll. That's a champion
123. 12:27breakfast right there. It's breakfast
124. 12:28for champions.
125. 12:45Why water with it? Because it's like
126. 12:47dry.
127. 12:48The The ones that
128. 12:51If you get If you get like the Swedish
129. 12:53ones, they come already like kind of
130. 12:55damp.
131. 12:56But, um
132. 12:58the American Zens like they come dry, so
133. 13:01I got to wet it up a little bit.
134. 13:04So, I drink water. And also, I was just
135. 13:06I want to drink some water.
136. 13:09No, it's right here, though.
137. 13:12Lower Decky.
138. 13:14It's a lower decker.
139. 13:40>> All right.
140. 13:41If we start breaking lower, I'm going to
141. 13:43go short.
142. 14:09Yeah, I don't always take it with water,
143. 14:11but in the mornings I do, especially
144. 14:12when I drink black coffee cuz uh
145. 14:15sometimes I get like cottonmouth, sort
146. 14:17of.
147. 14:27Seeing if we're going to have any
148. 14:28aggression come in towards the downside
149. 14:30to start targeting the lows.
150. 14:33And if we do, I'm going to go short, but
151. 14:34I'm waiting to see if it's going to
152. 14:35happen or not.
153. 14:44Order filled.
154. 14:45>> All right, I'm going short.
155. 14:49The moment we take uh
156. 14:54the moment we take these lows, I'm going
157. 14:55break even.
158. 15:14All right, we're going to go break even.
159. 15:17And we're going to hold this one.
160. 15:20We're going to hold it.
161. 15:27We want to see if the pressure is going
162. 15:29to come in and sustain lower
163. 15:31for continuation. But if it comes to
164. 15:33take me out of break even, it's fine
165. 15:35because
166. 15:36I don't want to be in a situation where
167. 15:39Order filled.
168. 15:39>> we start snapping back and forth at the
169. 15:42open right here.
170. 15:47All right, so we got taken out of break
171. 15:48even.
172. 15:50But it's all right.
173. 15:54Because if it was going to break lower
174. 15:55after taking these and start heading
175. 15:57towards Asia lows, I wanted I wanted to
176. 15:59just like go.
177. 16:01I don't want us to just
178. 16:03mess around in here for a little bit.
179. 17:16Is there any news today?
180. 17:19No.
181. 17:23Not really.
182. 18:04So right now, we try to take shorts at
183. 18:06the open seeing if we're going to
184. 18:07continue lower.
185. 18:09Move to break even Move to break even
186. 18:11after we took those the London lows
187. 18:14basically.
188. 18:16Or
189. 18:17Honestly, because of the daylight
190. 18:19savings
191. 18:20I'm I'm kind of lagging on it. I don't
192. 18:22even know if my uh
193. 18:25my thing is right because every time the
194. 18:27clocks change I turn to a [ __ ] so
195. 18:30Something about like
196. 18:32the UK doesn't change their clocks until
197. 18:34like 3 weeks after or something.
198. 18:37I have no idea.
199. 18:38So it's still on the old one, but
200. 18:45I will figure it out later.
201. 19:11What up, Joseph?
202. 19:55It's kind of interesting though, because
203. 19:57recently, yesterday, and also today,
204. 20:01it's looking like
205. 20:05the volume is a little bit
206. 20:08lower
207. 20:09for the open.
208. 20:13Not a lot so far. I mean, we really
209. 20:14don't know yet. It's only the second
210. 20:165-minute candle, but
211. 20:20this first one took a long time to get
212. 20:21up to 50k.
213. 20:24And only happened at the very end here.
214. 21:15>> Order flow and heat map. Um
215. 21:19I think I spend like
216. 21:22I have the ultra and then I pay for C
217. 21:24bot and CME, so
218. 21:27I don't know, maybe like 100 bucks on
219. 21:28100 something.
220. 21:32It's like 80 or 90 for the
221. 21:35It's like 80 bucks for the platform and
222. 21:37then
223. 21:40the data is maybe like, I don't know, 50
224. 21:42bucks for both of them, level two.
225. 22:07So right now I'm just waiting until we
226. 22:09actually do something. I mean, we're
227. 22:10almost we have a minute left in this
228. 22:125-minute candle
229. 22:14and we're only at 26,000 contracts
230. 22:16traded on MNQ inside of it, which is
231. 22:18pretty low for the
232. 22:21for the second 5-minute candle of New
233. 22:22York open.
234. 22:26So inside of this area, I'm just going
235. 22:28to wait until we
236. 22:29>> [clears throat]
237. 22:30>> start to basically get out of here.
238. 24:16>> Do the market open
239. 24:18this past week,
240. 24:21two weeks,
241. 24:24it's been [ __ ] lame.
242. 24:38I would be I'm I'm going to be pretty
243. 24:39surprised though if today ends up
244. 24:41looking like yesterday. I don't really
245. 24:42think it will.
246. 25:10>> But right now I'm just being careful
247. 25:11about this area cuz
248. 25:17I just need to see
249. 25:21what we're going to do here.
250. 25:25>> [snorts]
251. 26:26>> So I'm going to wait for this 5 minute
252. 26:28to close if
253. 26:30it closes pretty bearish
254. 26:32and it closes with a strong close, I may
255. 26:35look to try and take another short
256. 26:37position.
257. 26:39And I'm going to be targeting like
258. 26:4470 to 100 points lower depending on my
259. 26:46entry.
260. 26:52But it just depends how this 5 minutes
261. 26:54going to close.
262. 26:58Cuz it's also going to be the close of
263. 26:59the 15 minutes, so I'm just watching
264. 27:02this right now.
265. 27:30The orb and retest.
266. 27:32Maybe maybe Mr. J Duran.
267. 27:50So this is a pretty good this is looking
268. 27:52like it's going to be a pretty good
269. 27:54bearish close for this 5 minute.
270. 28:04What up, Cheesy?
271. 28:19But what I'm going to need is I'm going
272. 28:20to need this candle to retrace back up
273. 28:23before it just dumps.
274. 28:25So I can get a better risk reward or a
275. 28:28better stop loss cuz right now it's
276. 28:29tough if I just enter right here.
277. 28:44So if it just dumps right here, well,
278. 28:46then [ __ ]
279. 28:50What I wanted it to do is I wanted it to
280. 28:52open, push back up, go short up here,
281. 28:54and then wait for this to flip bearish,
282. 28:56but
283. 28:57we opened with no wick.
284. 29:01Just immediate push lower.
285. 30:08So, yeah, this looks like it's probably
286. 30:09just going to play out without me, but
287. 30:10it's fine.
288. 30:12Once we take
289. 30:14um
290. 30:15these lows here,
291. 30:18I'm going to start watching to see what
292. 30:20price is going to do.
293. 30:26But, this was kind of the idea of what I
294. 30:28wanted to see at market open. I just
295. 30:30tried to do it early, just in case it
296. 30:33ran, and then I was looking for an entry
297. 30:35if we retrace, but we just opened up and
298. 30:37dropped to the target, but this is what
299. 30:39I was talking about.
300. 30:41If you were to get an entry right there,
301. 30:42it would have been 70 to 100 points.
302. 30:48But, it's all right. So, now we're going
303. 30:49to be watching
304. 30:51basically [clears throat] around
305. 30:54this area, kind of like 650
306. 30:57is where I'm kind of paying attention
307. 31:00to.
308. 31:06If we start uh pushing lower
309. 31:10with some speed past this area, like
310. 31:14I think we can actually have a
311. 31:16a decent-size move lower.
312. 31:19But, we got to wait and see.
313. 31:23Jersey, you got all of that? Nice.
314. 31:30650 because
315. 31:35what I'm watching right now is I'm
316. 31:36watching uh
317. 31:38QQQ.
318. 31:41And we're approaching 600,
319. 31:44which would probably be
320. 31:47roughly 650 640 on NQ.
321. 32:00Yeah, that's a bummer. I wanted it to I
322. 32:02was looking for the entry here. I just
323. 32:04didn't like this.
324. 32:06Didn't enter it.
325. 32:42>> With someone you love.
326. 32:48You have me.
327. 32:56You have me.
328. 33:24With
329. 33:24someone you love.
330. 33:28You have me.
331. 33:33You have me.
332. 33:38You have me.
333. 33:44You have me.
334. 33:49You have me.
335. 33:55With
336. 33:55someone you love.
337. 34:00You have me.
338. 34:06You have
339. 34:30With
340. 34:31someone you love.
341. 34:39>> So, I'm waiting to see right now if
342. 34:40we're actually going to try and
343. 34:42make another attempt here
344. 34:44towards these lows.
345. 34:47But, the only thing I'm looking at right
346. 34:48now is this 15 minutes looking kind of
347. 34:51like we took the lows and we're up here
348. 34:52now, so
349. 34:53I'm watching this candle.
350. 36:10What up? What up?
351. 36:15Well done. Well done with what?
352. 36:18But,
353. 36:20I appreciate it
354. 36:21for whatever you're talking about.
355. 36:33>> All right, we're we're approaching this
356. 36:35area again.
357. 36:41So, I'm going to be watching it.
358. 37:31So, basically I'm I'm watching like this
359. 37:33area.
360. 37:34It's kind of uh actually
361. 37:36like this area.
362. 37:41Not necessarily for balance, by the way,
363. 37:44but just to see what we're going to see
364. 37:49on footprint once we start approaching
365. 37:51here.
366. 39:33>> Order filled.
367. 39:35All right, I'm going to go short right
368. 39:36here
369. 39:37for uh
370. 39:39us to just start continuing to push
371. 39:41lower
372. 39:42towards 600, but
373. 39:45kind of a lower entry. I'm hoping it
374. 39:48doesn't flip bullish, basically, but
375. 39:53it's actually kind of stupid cuz I said
376. 39:54I was going to watch right here, but I'm
377. 39:55trying to
378. 39:57just go short, but
379. 39:59that was probably a a bad idea. But, you
380. 40:01know what?
381. 40:04We'll live with it.
382. 40:06We'll live with it.
383. 40:48>> All right, that was pretty stupid. Not
384. 40:50going to lie. Even if it does work out,
385. 40:52that was kind of dumb on me.
386. 40:54I don't think
387. 40:55I don't think that was a good idea.
388. 41:35Going to actually make it so that I
389. 41:37don't lose as much.
390. 41:40Put it right above the 3-minute wick.
391. 41:47Yeah, I know.
392. 41:50I did hesitate there.
393. 41:52I hesitated and then I I got like
394. 41:55uh
395. 41:56It's just stupid. It's stupid.
396. 42:18>> But it's all right. I'll just take the L
397. 42:19on it and then I'll just wait
398. 42:22for the next one.
399. 43:21Order filled.
400. 43:32Yeah, I'm kind of a dumb ass for that.
401. 43:38I literally
402. 43:40>> [laughter]
403. 43:40>> I literally drew this out and I'm like,
404. 43:42"Yeah, when price gets into this area,
405. 43:45I'm going to be watching it to see what
406. 43:46it's going to do." And then I didn't
407. 43:48wait to see what it was going to do. I
408. 43:50just like tried to short it.
409. 44:34>> Damn, that's crazy.
410. 44:39Shorted low of day.
411. 44:41Shorted low of day.
412. 44:43That's funny.
413. 44:54I literally
414. 44:57Oh, man.
415. 45:05Look at this.
416. 45:07Hey, crown crown, look at this.
417. 45:25Dude, I thought we were going to break
418. 45:27past it.
419. 45:28I'm an idiot though.
420. 45:40Yeah, definitely could have bottom tick
421. 45:41long for sure.
422. 45:47Coulda, shoulda, woulda.
423. 46:04So, down like 270 bucks.
424. 46:08Or just about 300. Probably on the other
425. 46:10accounts a little more.
426. 46:16So, if I lose another trade, I just got
427. 46:18to stop for being stupid.
428. 46:42>> [snorts]
429. 48:52>> Nice, though.
430. 48:57Good stuff.
431. 49:32Order filled.
432. 49:34All right, I'm going to go long right
433. 49:35here. If I lose this trade, I'm just
434. 49:37going to stop trading.
435. 49:40We're going to risk
436. 49:41uh
437. 49:42like 400 bucks.
438. 49:52And then it'll it'll just be L mans for
439. 49:55taking a stupid trade. Imagine I top
440. 49:57tick this, too.
441. 50:01It's all right.
442. 50:04I'll just have to live with being
443. 50:06[ __ ]
444. 50:28But I'll I'll deserve that, honestly,
445. 50:29cuz
446. 50:31here's the thing, right?
447. 50:33It's like
448. 50:34oh, [ __ ] This morning
449. 50:38I wanted to see us go lower.
450. 50:40I hesitate to go lower.
451. 50:43Don't get the entry here.
452. 50:45And then I'm and then we we do what I
453. 50:47wanted us to do.
454. 50:49Then
455. 50:50I'm over here saying, "I'm watching this
456. 50:53area
457. 50:55to see what footprint's going to do."
458. 50:58I don't wait to watch what it's going to
459. 50:59do. I try and just like assume it, or I
460. 51:01try and guess it, right?
461. 51:03And then
462. 51:05I bottom tick shorts like a [ __ ]
463. 51:08[ __ ]
464. 51:09So
465. 51:13yeah. Kind of a
466. 51:17kind of stupid.
467. 51:20Very stupid, actually.
468. 52:01>> What up, Giani?
469. 52:08And then if I lose this trade, I'll
470. 52:09probably be down like
471. 52:11maybe $3,000 on the day
472. 52:13on the funded accounts.
473. 52:16Which I I I got to stop at that point
474. 52:18cuz shh.
475. 52:20It's just not my day today.
476. 52:23Made some stupid decisions.
477. 53:25All right.
478. 53:26Well,
479. 55:39>> No.
480. 57:25>> So, the 15 minutes about to open right
481. 57:27now.
482. 57:28It's not looking good for buying
483. 57:30aggression.
484. 57:32We're just going to have to hold it
485. 57:34and accept our fate.
486. 57:37Although, if we do pump up
487. 57:39if that happens
488. 57:45I'm probably just going to move my stop
489. 57:48uh
490. 57:48to break even and then start trailing it
491. 57:50to try and cover some losses and then
492. 57:53honestly, even if
493. 57:55um
494. 57:56because I was making dumb decisions
495. 57:58today, like
496. 58:02I'm just not on top of my [ __ ] right
497. 58:04now.
498. 58:05I'm not going to trade after this trade.
499. 58:07I got to just protect myself cuz
500. 58:11it's just going to open me up to some to
501. 58:13some tilt.
502. 58:18So, we'll see. I mean, it's a decent
503. 58:20close for the 15.
504. 58:36I'm going to be moving my stop to break
505. 58:38even.
506. 58:41And then if I get stopped out of it at
507. 58:43break even
508. 58:46I'm just going to uh
509. 58:48call it a day.
510. 58:50Cuz I
511. 58:51I [ __ ] up honestly today.
512. 59:03And it's kind of bothering me, so I
513. 59:04don't I can't um
514. 59:06continue to trade with like
515. 59:12with that
516. 59:13idea in my head. Basically.
517. 59:17Well, at least we didn't take an L on
518. 59:18that. At least I didn't take an L on
519. 59:19that one, but
520. 59:23yeah, I think I'm going to stop trading.
521. 59:25So, I'm just going to call it a day. I
522. 59:27[ __ ] up because I had the right idea
523. 59:30on where I wanted price to go to.
524. 59:34I attempted it right here. It went like
525. 59:35a 100 ticks in profit, snapped back,
526. 59:37took me out. And then when it was coming
527. 59:39down again, I was looking for us to
528. 59:41retrace a little bit on this 5-minute
529. 59:43Oh, you can't see it.
530. 59:45Retrace a little bit on this 5-minute
531. 59:47candle and I was going to go short to
532. 59:48target these lows.
533. 59:52And then I was going to watch here to
534. 59:53see if we were going to bounce. Well,
535. 59:55what do I do? I miss this move down.
536. 59:58We come into the area where I'm seeing
537. 1:00:00if we're going to bounce or accept
538. 1:00:01lower.
539. 1:00:03And then I just try and front run it.
540. 1:00:04And then I ended up bottom taking shorts
541. 1:00:06like a [ __ ]
542. 1:00:09And then we start coming up.
543. 1:00:11And then
544. 1:00:13it's just it's just the L day. So,
545. 1:00:16if I keep trading,
546. 1:00:18probably going to [ __ ] lose, to be
547. 1:00:21completely honest.
548. 1:00:24So, we'll just
549. 1:00:26take a Let's see how much we're down on
550. 1:00:27each account.
551. 1:00:31Damn, why is my Apex down so much?
552. 1:00:36My Apex is down 343 bucks.
553. 1:00:43And then the Express accounts are down
554. 1:00:45like 250. So, in total we're down 870.
555. 1:00:50Eh, we can live with that.
556. 1:00:53All right, I'll catch you guys later. I
557. 1:00:55got to just get off the charts before I
558. 1:00:56make a
559. 1:00:57make a dumb decision.
560. 1:00:59All right, peace.