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How to Start Day Trading While Having a Full Time Job (Full Course) — Transcript

by Jooviers Gems · 11,969 words · 1,673 segments · language en · Watch on YouTube

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0:00If I had to learn day trading from
0:01scratch while working a full-time job,
0:03this is exactly how I'd do it. My name
0:05is Juvier and this skill makes me over
0:07six figures a month. And in this video,
0:09I'm going to walk you through what day
0:11trading is, the platforms that you need,
0:13how to read the charts, and the exact
0:15one trade a day strategy that I'd use
0:18around a full-time job. I'm also going
0:20to run you through a bunch of trade
0:22examples so that you see exactly how it
0:24works and you understand it enough to
0:26start implementing it for yourself. Now,
0:28it's important that you understand that
0:29trading is not a get-rich-quick thing
0:31and it honestly took me over 3 years to
0:33get to the point that I'm at now. But if
0:35I was working 9-5 or full-time job, this
0:38is exactly what I'd do to get more
0:40freedom. So with that being said, grab
0:41yourself a notebook, some snacks, some
0:43water, and honestly before we hop into
0:45this, I highly suggest you send this
0:47video to a friend, family member, or
0:49group chat with anybody that has a
0:51full-time job or is working a 9-5
0:53because being able to learn this
0:55alongside somebody else or a group of
0:57people is very very beneficial because
0:59you guys can all hold each other
1:00accountable and learn from each other.
1:02So go ahead and send it to whatever
1:04person you're thinking about right now
1:05so you guys can go on this entire
1:07journey together and start seeing
1:08success together. With that being said,
1:10let's get right into this.
1:13Now, I mentioned that my name is Juvier
1:15and if you don't know me, let me
1:17introduce myself. I've been trading for
1:18over 9 years now and I honestly got into
1:21trading because I didn't want to live a
1:23normal life. I wanted to be able to have
1:24freedom, time freedom, location freedom,
1:27and financial freedom and trading was
1:29that vehicle for me. Now, over the last
1:319 years, I've not just been able to make
1:33multiple seven figures with trading, but
1:35I've also been able to help over 800,000
1:37people learn this exact skill and I try
1:40and do it in a way that is simple enough
1:42for even a 12-year-old to understand it.
1:44And trust me, I'm not just saying that,
1:46I've actually taught a 12-year-old how
1:47to trade. So if you're older than 12,
1:49you probably stand a good chance here.
1:51So no matter if this is your first time
1:52ever hearing about day trading or you've
1:54been trying it for a while but just
1:56can't seem to understand it, I'm going
1:57to break everything down from complete
2:00beginner all the way up to advanced
2:01trader so that you leave this video with
2:03everything you know to start seeing
2:05success. Now, before we hop into
2:07everything, I need to lay the foundation
2:08and make sure that you understand
2:09exactly what day trading actually is.
2:12Day trading is not like what your
2:14grandparents or your parents might have
2:15told you that you should have done when
2:16you're younger, which is buying stocks
2:18and holding it for years and just hoping
2:20that it goes up over time. Day trading,
2:23or us as day traders, we are getting in
2:25the market and waiting for small moves
2:27to happen and making money off those
2:29small moves. And there's a couple
2:31reasons why day trading is better. First
2:33of all, with regular investing that
2:35you've probably heard about all over,
2:37you need a lot of capital for it to make
2:38sense. With day trading, you don't.
2:40Another reason why day trading is very
2:42beneficial is cuz you don't need to have
2:45the markets move a huge amount. As long
2:47as the market moves a little bit, and
2:48we'll talk about this a little bit later
2:50on cuz you can make money when the
2:51market goes up or the market goes down,
2:53but as long as the market moves, you can
2:55actually make money no matter how small
2:57the move is and no matter how big the
2:59move is. So, essentially, day trading is
3:01just getting out of trades really within
3:03a minute all the way up to around a few
3:06hours of each trade. So, to be
3:08completely clear, day trading and us as
3:11day traders, we're not holding trades
3:12for months and years. Most of the time
3:15we're in and out of trades and sometimes
3:175 minutes all the way up to a few hours.
3:20Now, before we get into all the
3:21different platforms and the strategies
3:23and all the things like that, I want to
3:24break a couple myths that you probably
3:26believe and they're circling all over
3:28the web. First of all, is day trading
3:30even legit? Yes, real money is what you
3:33can make with trading. You can withdraw
3:35it, you could pay your rent with it, you
3:36could buy sneakers, you could pay your
3:38tuition, you can do whatever you want
3:39with it. This is 100% real. Now, another
3:42myth that I hear is that you need
3:43hundreds of thousands of dollars to
3:45start and that's not true at all. And
3:46we'll talk about this later on where
3:48I'll explain to you exactly how you can
3:50get started and use other people's money
3:52so you don't even have to risk your own
3:54money. Now, the third major myth that I
3:56hear all the time is that you need to
3:58spend hours every single day trading.
4:01And I'll be honest, that couldn't be
4:02further from the truth. Once you learn
4:04this skill, yes, it is a skill that you
4:06have to learn, but once you learn it,
4:07you can spend 30 minutes a day. That's
4:10exactly how I trade and how I teach
4:11other people to trade. It's just
4:13spending max 30 minutes a day on the
4:15charts, making your money, and going
4:17about your day. Again, I told you guys
4:19my entire reason for getting into
4:21trading was so I can have freedom. Not
4:23just the financial freedom, but also the
4:25time freedom and the location freedom.
4:27So, I'm able to make my money within the
4:29first 30 minutes of the day, most of the
4:31time before most people even wake up.
4:33And we're going to dive into my exact
4:34system later on in this video because it
4:36works perfectly for anybody that has a
4:38full-time job. Another myth that I hear
4:40a lot is that you need some type of
4:41crazy setup to start trading. And that's
4:43couldn't be further from the truth
4:45again. Reason being, as long as you have
4:47internet and a computer, you can trade.
4:49Even if you just have a phone, you can
4:51trade. Now, I don't suggest you learn
4:52how to trade on your phone just cuz the
4:54screen is so small. I'm sure it's people
4:56out there that do it. I personally don't
4:58think I think it's a little bit harder
4:59to learn on a phone, but as long as you
5:00have a laptop that works. It doesn't
5:02have to be some expensive gaming laptop
5:05or anything. As long as it has internet
5:07and you can press buttons on it, you can
5:08learn how to trade from it and you can
5:10trade on it. Then again, once you get
5:12good at the skill, you can trade from
5:14your phone. I've personally made
5:15hundreds of thousands of dollars trading
5:17straight from my phone. So, now that you
5:18guys understand exactly what day trading
5:20is and I've busted some myths that
5:22hopefully you do not believe anymore,
5:25let's hop into the first part of this,
5:27which probably is the most important
5:28part. And that's the platform section
5:30you need. Let's go. All right, so here
5:32we are. You really only need two
5:33platforms. The first one is called
5:35TradingView. This is where we're going
5:37to do all of our charting on. This is
5:39where we plan out our trades. This is
5:40where we You'll see these little
5:42candlesticks, which we'll go over here
5:43in a second. Um this is how you
5:45basically make an entire game plan for
5:47when you're going to buy or sell
5:49something. And TradeOgre, this is the
5:51other platform that you'll need. This is
5:52simply a brokerage. And all that means
5:55is Think of it as a bank account that
5:57you trade from. They simply hold your
5:59money. This is where you would actually
6:00execute your trades on after you've
6:02planned them out on TradingView. So,
6:04it's really just these two platforms
6:05that you need, but we're going to start
6:07over here on TradingView. And just a fun
6:09little fact, when you have a Tradevette
6:11account and you have your brokerage
6:13account, which remember is simply just
6:15like a bank account, you can actually
6:16connect that brokerage straight to
6:18TradingView. And while you're charting
6:20up your trades on TradingView and
6:22planning out your trades, you can also
6:24enter it straight on TradingView. But,
6:26that's a little Easter egg for later
6:27down the line. So, once you've gone
6:29ahead and created your account on
6:31TradingView, I'm not going to walk you
6:32through how to do that. I'm sure you
6:33guys all you guys have all created
6:34accounts on many platforms before. You
6:36just put your information on that. Once
6:38you've created an account, you're going
6:39to get to a page that looks like this.
6:41Now, I want to walk you guys through how
6:42to use TradingView so you understand
6:44everything that it has to offer and why
6:46it's so beneficial for every single
6:48trader. But, once you're on this page
6:49here, you're going to want to hover over
6:51products right here and go to super
6:53charts. Now, there this is where you
6:55you've probably seen these online if
6:56you've heard anything about day trading,
6:58you'll see this chart with these green
7:00and red things on your screen. These are
7:03called candlesticks, and in a little bit
7:04I'm going to break down what these mean.
7:06A lot of people overcomplicate it.
7:08They're very, very, very simple. Trust
7:10me, I know it looks like Chinese right
7:11now. When I first started off trading,
7:13this looked like not even Chinese. It
7:15looked like alien language. I don't
7:17know. But, it's very, very simple and
7:19it's very, very easy to understand. I'm
7:21going to break it down very simply. But,
7:22once you're here on this chart, you see
7:24your candlesticks, you can actually
7:26choose what chart you actually want to
7:29look at or what underlying asset you
7:31actually want to look at. When it comes
7:32to day trading, we can trade a lot of
7:34things. We can trade stocks, we can day
7:36trade futures, we can trade options, we
7:38can trade crypto. There's so many
7:40different things that we can trade, and
7:42this top left corner over here is how
7:44you choose what underlying asset you
7:46want to look at. If I were to come up
7:47here and say I want to look at a Bitcoin
7:49chart and look at the price of Bitcoin
7:51and try and trade Bitcoin, I can do
7:53that. And then this would show me the
7:55price action or the candlesticks of
7:58Bitcoin. Now, for this example, we're
8:00going to trade something called NQ. If
8:03you've ever heard of the Nasdaq or the
8:05NAS 100, this is simply what this is,
8:08and this is just a futures version of
8:10it, meaning you trade futures contracts.
8:13Um I mainly trade futures.
8:15Futures is probably the easiest
8:17uh trading market to get into as a
8:19beginner. So, that's why we're going to
8:20do this entire example on the NQ chart.
8:24Now, you see all these buttons and
8:26indicators on the side. I want to walk
8:27through these really quickly so you
8:28understand exactly what they all mean,
8:30and then we'll go over the candlesticks
8:31so you completely understand this as
8:32well. We'll start over here on the left.
8:34These are all just drawing tools.
8:36Remember, this is a charting platform
8:38where we're able to come on here and
8:39actually plan out our trades, see when
8:41we want to enter a trade, see when we
8:43want to what we think the market is
8:45going to do, whether it's going to go up
8:47or down. And these little drawing tools
8:49just allow us to visualize that. So,
8:51you'll see there's trend lines right
8:52here. You can press this, and you can
8:54draw basically a line on your chart. You
8:57can hit this drop-down. There's a bunch
8:58of things that you can draw, and it's
9:00going to be the same for basically all
9:01of these little drawing tools. You have
9:03this little brush. If you want to draw
9:05something on your chart.
9:08That was very random. But if you want to
9:10draw something on your chart, you can
9:12use this text tool to type anything. Um
9:14so, there's a bunch of different options
9:15that you have over here. You'll see that
9:18I have this little floating bar that has
9:19all my favorite drawing tools. So, all
9:21you would do to have that on your chart
9:23is very simply, is let's say you always
9:25use trend line. You just press this
9:26little star next to it, and that will
9:28add it to your favorites, and you'd have
9:29it up here. That way you don't have to
9:31go searching for it on this bar. Now,
9:33there's a bunch of other buttons over
9:34here like a ruler that lets you measure
9:37um the distance and things like that, or
9:39magnifying glass to zoom in. All of
9:41these things you don't really need to
9:42worry about right now. We're going to
9:44focus on the main points of this. So,
9:46these are all just drawing tools. As I
9:48mentioned, you can put shapes and sizes
9:49on there as well. And then, um on the
9:51top over here, you'll see, depending if
9:54you're just starting off or if you
9:55haven't opened up TradingView before,
9:57you might see different figures. But
9:59when you see 1M or 5M, this simply means
10:02you're on the 1-minute time frame chart
10:04or the 5-minute time frame chart or the
10:0615-minute chart. When you see 1H, that
10:08means you're on the 1 hour time frame. 4
10:11H is a 4 hour time frame. D is the daily
10:14time frame. You might be asking what the
10:16heck does time frame even mean? Trust
10:18me, we're going to get into all of that
10:19here in a second. I just want you to be
10:21clear about what it is that you see up
10:23here. You can hit this drop down and
10:25actually look at multiple other time
10:27frames. And it's the same favoring type
10:29of system that I talked about before,
10:31where if you always use the 1 minute
10:32charts or the 5 minute chart, you can
10:34just press the little star next to it to
10:36add it to your favorites. And that's how
10:37it sticks up here. And then over here,
10:40you'll probably only see regular
10:41candlestick charts. This is how we're
10:43able to change the type of graph we're
10:44looking at. These are candlestick
10:46charts, which is what most traders use.
10:49You can also use line charts, which you
10:51might have seen before.
10:53You can use area charts. You can use
10:56step line charts. Whatever you want to
10:58use, this is where you would choose what
11:00type of chart it is that you want to
11:02look at. But for this entire example,
11:04we're going going to be using regular
11:06candles chart.
11:08And over here is indicators. These are
11:10essentially, think of them like
11:11sidekicks. A lot of new traders,
11:14especially, come into the markets and
11:15they think if they add all these
11:17indicators onto the charts, that it'll
11:19somehow make them an amazing trader.
11:21That is most of the time 100% wrong.
11:24Indicators are just supposed to be extra
11:26pieces of confirmation
11:28um to show you what's going on in the
11:30market. We're not going to worry about
11:31too many indicators. Later on when we go
11:33over the strategy that I suggest using
11:35for anybody that works a full-time job,
11:38I'm going to tell you the one indicator
11:39that you need. It's very simple. But
11:41other than that, you can press this and
11:43see there's thousands of indicators that
11:46you can go through and look at. It's
11:48honestly an endless amount. I just don't
11:49want you to get stuck going through all
11:51these indicators thinking like that an
11:53indicator is going to make you
11:54profitable or successful because it will
11:56not. All it will do is be a sidekick and
11:59help you out a little bit. Uh if you're
12:01using the right indicator for the
12:02strategy that you are trading. Then over
12:05here you have this button if you wanted
12:07to have what uh template. Let's say you
12:09always use three or four indicators. You
12:11can create a little template so it pops
12:13up automatically. Here, you can use
12:15alerts, which we'll talk about here in a
12:17second when we talk about the strategy
12:19and how um this honestly using alerts is
12:22how I'm able to trade for really like 20
12:24minutes to 30 minutes a day. And then we
12:26have a replay feature button over here.
12:28You don't need to worry about that right
12:29now, either. Then on the right side over
12:31here, you'll see your watch list.
12:34This is essentially if um you're always
12:36trading specific assets, you can add it
12:38to your watch list, that way you can
12:40easily go to them. As you see, right now
12:42we're on NQ. I a lot of times I'll trade
12:45ES as well or YM. If I always trade,
12:49let's say
12:50Solana
12:51or Ethereum, right? I can add it to my
12:54watch list as well, so it'll pop up here
12:57and I can easily click on that chart and
12:59go to it. Um that's simply all that is
13:02on the right side over here. Now, keep
13:04in mind, that's essentially all the main
13:06things that you need to understand about
13:07your chart specifically and all the
13:09different tools on here. We're about to
13:10hop into exactly what these candlesticks
13:12here mean, but please understand that
13:14your chart might look a little bit
13:15different than mine. Mine is black um on
13:17the background. All that is is just
13:19changing your settings, then it doesn't
13:21really do anything. And how you change
13:22your settings, you can customize them
13:24however you want. You would just
13:25right-click on your chart here and press
13:27settings.
13:29And then under canvas, you can change
13:30the color of your background. If I want
13:32it to be white, that is ugly, hence the
13:34reason I have black. You can make it any
13:36color you want. You can honestly play
13:38around with all these different things.
13:39You can change the colors of these
13:41candlesticks if you want it as well. Um
13:43but that's neither here nor there. Let's
13:46hop into one of the most important parts
13:48of trading, which is being able to
13:50understand these candlesticks. So, when
13:53it comes to these candlesticks, there's
13:55really two things that you need to
13:56understand. And that is the body, which
13:59is this thick part of the candlestick,
14:01and then the wick, which is the skinny
14:02lines that you see at the top and the
14:04bottom of each of these candlesticks.
14:06Now, remember we talked about time
14:09frames over here.
14:10These time frames specifically when when
14:12we choose, let's say the 1-hour time
14:14frame, each of these candlesticks is
14:16showing us what price is doing within 1
14:19hour. So, as you see here, if you look
14:20at the bottom of the screen, you see it
14:22says Friday, 16th October 2026. This is
14:25the 8:00 candlestick because I'm on the
14:27one-hour time frame chart. If I were to
14:29hover over the second the next
14:30candlestick, that's the 9:00
14:32candlestick. If I hover over the second
14:34one after that, that's the 10:00
14:36candlestick. Now, if I switch over till
14:38let's say the 5-minute time frame
14:40candlestick and I hover over this
14:42candlestick, this is the 2:00 p.m.
14:45candlestick. If I go before that, since
14:47it's the 5-minute candlestick time
14:48frame,
14:49this is the 1:55 candlestick, then the
14:531:50, then the 1:45, and so on and so on
14:56and so on. So, when you're on these
14:57specific time frames, we'll go back to
14:59the one-hour time frame. This is showing
15:01us what price is doing within the period
15:03of 1 hour or whatever the time frame it
15:06is. Now, what does that even mean? So,
15:09at the start of every candlestick, the
15:11body will decide to start at the bottom
15:14or the top of a candlestick.
15:18Now, the body of the candlestick is
15:20always showing the open and the close,
15:23meaning where did price start at and
15:25where did price end at? So, on this
15:27candlestick right here, the top of the
15:29body of the candlestick is showing where
15:31price started at. So, right at 8:00
15:33a.m., price was right here. If we draw a
15:36line here,
15:38we can see this is where price was at,
15:41meaning the price of NQ was 30,064.75.
15:48So, that's where it started at. Now, we
15:50see the bottom of the body on this red
15:53candlestick. Keep in mind, red
15:54candlesticks are called bearish
15:56candlesticks. So, if you hear me say
15:57bearish, I mean red candlesticks or
15:59candlesticks that went down. Green
16:02candlesticks are called bullish
16:03candlesticks. Bullish candlesticks are
16:06candlesticks that went up. And when I
16:08say went up or went down, we're talking
16:10about from when it started to when it
16:11ended. So, we see price started up here
16:14where it was 30,064
16:16and then price ended down here. It
16:19closed down here, which is at 29,838.
16:24So, it went down. So, this is a bearish
16:26candle. Um the top of the body of a
16:28bearish candlestick of a red candlestick
16:30tells you exactly where price started at
16:31at the beginning of that candlestick.
16:34And then, the bottom of a bearish
16:36candlestick shows you where price ended
16:39at at the end of that candlestick.
16:42Now, these skinny lines that you see at
16:43the top, these are called the wicks of a
16:46candlestick. The wicks are showing us
16:48where price went throughout that
16:50candlestick, meaning throughout that
16:52time frame. So, yes, price started up
16:54here, and price ended down here, but at
16:56one point, price was also down here. At
16:59one point, price was up here.
17:02That's what the wicks are telling us,
17:04and that's why you see all these
17:05different candlesticks have different
17:07size wicks and different size bodies.
17:10Now, I mentioned to you guys that the
17:11top of the body of a bearish candlestick
17:14is where price started at, and the
17:15bottom is where price ended at. With a
17:17bullish candlestick or green
17:19candlestick, the bottom of the body is
17:22where price started at, and the top of
17:24the body is where price ended at. That's
17:26why it's a green candlestick, because it
17:28started down here,
17:30and then, it ended up here, meaning it
17:33ended higher than it started, so that
17:35means price went up. Now, obviously,
17:37we're looking at the wicks here, and you
17:39guys now understand that even though
17:40price started here and ended here, at
17:43one point, price was down here,
17:46and at one point, price was up here. So,
17:49we can see the story of what price is
17:51showing us by these candlesticks. Now, I
17:54want to go to the 1-minute chart right
17:56here, just so you guys can see that as
17:58price changes or as each 1-minute
18:00candlestick changes, this is obviously
18:03showing us the price action that
18:04happened within 1 minute. Like, this is
18:06the 2:03 candlestick, this is the 2:02
18:08candlestick, and this new candlestick
18:10that just started is the 2:04
18:12candlestick. And we saw that on this
18:15bearish candlestick, and keep in mind,
18:16every candlestick starts where the last
18:18one ended. So, on a bearish candlestick,
18:21the next candlestick will start right at
18:23the bottom of the body. On a bullish
18:25candlestick, the um candlestick will
18:27then start at the top of the body. Just
18:30like in this example, we had this
18:32candlestick right here. Price ended up
18:34here, and the next one started up here.
18:37And you're going to see here in 14
18:38seconds, 13 seconds, where price ends
18:41at, and then where price starts at. And
18:43then you'll see obviously throughout
18:44this candlestick that we made wicks at
18:46the top cuz we got up here at one point,
18:48and we got down here at one point. But
18:50then price ended right here, and then
18:52the new candlestick started right here.
18:54If you guys just saw that switch over.
18:57And then this will continue to happen
18:59depending on what time frame you're on.
19:00Obviously, new candlesticks will appear
19:02every 1 minute when we're on the
19:041-minute time frame, every 15 minutes
19:06when we're on the 15-minute time frame,
19:08and so on and so on and so on. So, to
19:10make it clear, these candlesticks are
19:12simply just telling us the story of
19:14where price has been, where the price
19:16went up, where the price went down.
19:19Where did price go? Was it all the way
19:21up here at one point? Was it all the way
19:22down here at this point? Where did it
19:24start at? Where did it end at? And being
19:26able to see that and understand that
19:28helps us to gauge and see the different
19:30patterns that price might be making. And
19:32we'll get into that bit later on when we
19:34start going over the strategy. All
19:36right. So, now that you understand
19:37candlesticks, you understand that
19:38they're telling you the story, you
19:40understand what story they're telling
19:42you how to decipher that story, you can
19:44obviously see there's all different
19:45types of shapes and sizes, ones that
19:47have small bodies with big wicks, big
19:49wicks and big bodies. So, you'll see a
19:51bunch of these different size
19:53candlesticks and different shapes, but
19:55they're all just essentially telling you
19:56the same story. Where did price start
19:58at? Where did price end at? And what did
20:00price do during that time window or that
20:02time frame that you are currently on.
20:04Now, I'll be 100% honest. Once you
20:06understand that, you are essentially
20:08halfway the way there, especially when
20:09it comes to the strategy that I'm going
20:11to be showing you guys later on inside
20:13of this video. But before we do that,
20:15you need to understand another important
20:17part about trading. And that is trading
20:20sessions. So, So there are three trading
20:23sessions. There's the Asia session,
20:25there's the London session, and then
20:27there is the New York session. Now,
20:29think of these like this is when people
20:32are working. Keep in mind, when we're
20:33trading, when you just saw these
20:34candlesticks going up and down, that's
20:36not you and me as
20:39what's called retail traders buying or
20:41selling something. We're not making the
20:43market move. When you buy one Bitcoin,
20:45or if you buy $100 worth of Bitcoin,
20:47you're not making the price of Bitcoin
20:48go up. The people that are making the
20:51prices of these stocks or these Bitcoins
20:55or cryptocurrencies, the people that are
20:56making those things move are big hedge
20:59funds, big banks. I'm talking about
21:00people that are trading hundreds of
21:02millions of dollars, not you trading
21:0410,000, 50,000, even $100,000 or a
21:07million dollars. You're not moving the
21:08markets. These banks, institutions,
21:11algorithms, hedge funds, they're what's
21:13moving the markets. And just like we all
21:16have 9-5s or full-time jobs, they do
21:19too. They are bankers that have
21:20full-time time jobs, and they're clocked
21:22in in specific hours. And this is the
21:24hours that they're clocked in. Because
21:26when they're clocked in, that's when
21:27majority of the volume happens because
21:29they're moving the market. They are
21:30trading. So the Asia session, keep in
21:33mind, all these times are in Eastern
21:34Standard Time. So if you're in a
21:35different time zone, just calculate it
21:37to your time zone. But Asia session is
21:40from 7:00 p.m. to 4:00 a.m. That's when
21:43they are trading. Then there's the
21:45London session.
21:47That's from 4:00 a.m. till 12:00 p.m.
21:50Then there's the New York session.
21:51That's from 8:00 a.m. to 5:00 p.m. Now,
21:54all of them are have a different amount
21:57different amounts of volume. Most of
21:58them are moving or all of them have more
22:00movement or less movement. And this is
22:02kind of how it's ranked. So Asia
22:04session, they're they're still big banks
22:07and hedge funds and all that stuff. They
22:08just don't have as much move They don't
22:11cause as much movement cuz there's not
22:13as much traders. So during Asia session,
22:16that window that we just went over from
22:177:00 p.m. to 4:00 a.m., the market will
22:19still move, but it's just going to be
22:21moving the least. Then there's London
22:23session. This is the second most
22:25volatile session. This is when there is
22:28a lot of movement, but for most of us,
22:30it's from 4:00 a.m. to 12:00 p.m. The
22:32beginning of it is usually when majority
22:34people are sleeping or just now getting
22:36their day started. And then there's the
22:38New York session, the big dog. That's
22:40when there's the most amount of movement
22:42possible, meaning that's when majority
22:44of traders are actually trading. That's
22:46when there's the biggest spikes, that's
22:48when most people make most money when
22:51they are trading. Now, you'll notice
22:53something if you go back to this little
22:54graph over here. There's an overlap
22:56between when London session and New York
22:58session are actually happening. And that
23:01overlap is from 8:00 a.m. till 12:00
23:04p.m. because in London session and New
23:06York session are both open, meaning the
23:08traders, the banks, the hedge funds, the
23:10algorithms in London and the traders,
23:12banks, hedge funds, and algorithms in
23:14New York are both working at the same
23:16exact time. That's when you have most of
23:19the movement during the day. That's when
23:20you're going to see huge spikes up, huge
23:22spikes down, a lot of movement, and a
23:24lot of opportunity opportunity to
23:26actually make money. Now, the reason why
23:28this is so important is first of all,
23:30you need to be aware of what session it
23:32is that you are trading because you you
23:34can expect certain amounts of volume or
23:36certain amounts of movement depending
23:38what time of day you're actually
23:39trading, but it's also important because
23:41the strategy that we're about to go over
23:42is heavily reliant on these because what
23:45will end up happening, as we know,
23:47London session starts first. Usually,
23:49the what London session does, where
23:52London session makes these stocks and
23:53things go, whether it's
23:55this high up or this high down, that
23:57determines what New York session will do
23:59afterwards. It's kind of like imagine um
24:02London session is your co-worker, right?
24:05And they came into the job, they did 35%
24:08of the work, and you just have to finish
24:10up what they were trying to do. That's
24:12New York session. You're New York
24:13session coming in and finishing up with
24:15London session does. During London
24:17session and what the candlesticks do
24:19during London session can give us a good
24:20idea and tell at what will happen during
24:23New York session. And the strategy that
24:25we're about to go over here in a second
24:26capitalizes on that. It helps you use
24:29London session to figure out exactly
24:31what New York session is going to do.
24:33And that's when I trade, and that's how
24:35I teach people how to trade, because
24:37that's when you can catch these big
24:38movements very fast and not have to be
24:41sitting here at your charts for hours a
24:43day. You can make your money, be done.
24:46You can make your money, still be at
24:47your full-time job, still working for
24:49your business, still be at the 9:00 to
24:505:00, make your money, be out. Now, keep
24:52in mind, the strategy that I'm about to
24:53go over is one of the same strategies
24:56that I teach and trade every single day
24:58inside of my inner circle. If Now, if
25:00you don't know what my inner circle is,
25:01is where I not just teach you the
25:03information, but I help you implement it
25:05into your own trading. Meaning, I walk
25:07you through how to use the strategies, I
25:09work with you one-on-one to make sure
25:11that you learn it and are able to apply
25:13it so you can start making money
25:14trading. You're able to trade live with
25:16me every single day, Monday through
25:18Friday. Every trade I take, you can copy
25:21it. Every trade all of our other coaches
25:23take, there are four other profitable
25:25coaches inside of my inner circle. Every
25:27trade they take, you can copy their
25:28trades as well. We have a dedicated
25:30trading psychologist inside of our inner
25:33circle, and you know how important that
25:35is. We've already talked about it so
25:36many different times. That's why I had
25:38to have a trading psychologist inside of
25:41our inner circle. That way you have
25:42every single resource possible to be
25:45able to succeed with trading. I've
25:47honestly built my inner circle to be the
25:49one thing that I wish I had when I first
25:51started off trading. Now, be honest, my
25:53inner circle is not for everybody. It's
25:55for people who are serious about
25:56trading. If you're someone that just
25:58wants to make like 100 bucks or 200
26:00bucks a month, my inner circle is
26:01probably not for you. But, if you're
26:03someone who wants to take this serious
26:05to actually be able to make a good
26:07amount of money trading, my inner circle
26:09is built for you. I'll leave a link for
26:11it inside the description of this video.
26:13Keep in mind,
26:14as I mentioned, this is not for
26:16everybody. Spots are extremely limited.
26:17This is not some marketing ploy or
26:19something like that. I'm being 100%
26:20honest. You can go on any of my YouTube
26:22videos and check the comments, and
26:23you'll see people complaining about not
26:25being able to join the inner circle.
26:27But, this is honestly for people who
26:28want to take this serious and want to
26:30have the mentorship and the guidance to
26:32get there as fast as possible and learn
26:34from someone who's been where you are
26:36and is at the point that you want to get
26:38to. So, as I mentioned, if you are
26:40trying to take trading serious, hit the
26:42link inside the description of this
26:44video to have the opportunity to join my
26:46inner circle. All right, so for this
26:49strategy, it is a very simple seven-step
26:51checklist. If you can follow this
26:53seven-step checklist, this will simplify
26:56your way to profitability very, very
26:58very much. So, the first thing on the
27:00checklist and I'm just going to run
27:01through all these different steps here
27:03and then I'm going to walk you guys
27:04through how to do all this and I'll show
27:05you a bunch of different examples as
27:07well just to make sure that is fully
27:08ingrained inside of your mind. But, let
27:10me just run through these really
27:11quickly. The first step is you're going
27:12to be on the 5-minute time frame chart.
27:15Now, keep in mind, this works on NQ, the
27:18NQ chart. So, we're going to go on NQ
27:20just like I have here and we're going to
27:21go to the 5-minute time frame chart.
27:23I'll switch it over here in a second.
27:25Step two is we want to actually mark the
27:27London session high and low from the
27:30hours of 4:00 a.m. up until 8:00 a.m.
27:33Eastern Standard Time. And I mentioned
27:35to you guys that there's an indicator
27:36that we will use. That indicator will
27:38help us mark that off very, very easily.
27:41I'll show you guys that here in a
27:42second. Number three is we're only going
27:44to trade between the hours of 9:30 and
27:4711:00 a.m. Eastern Standard Time. Now,
27:50obviously, this does overlap with most
27:52people's 9:00 to 5:00 but trust me, this
27:56trade takes seconds to do especially
27:58because I'm going to show you exactly
27:59what you do before you even go to work,
28:01before you even clock in. That makes
28:03this entire process very, very simple
28:06and you don't even have to think about
28:07it. And obviously, for all my West Coast
28:08people, you'll be able to enter this
28:10trade way before that time. And keep in
28:12mind, when I say 9:30 through 11:00
28:15a.m., I don't mean you're trading that
28:17entire time. It just means if an entry
28:19happens, meaning all these seven steps
28:21line up within that time window, that's
28:24when you trade it. If the If all these
28:26steps line up, but it's not within this
28:27time window, you would not trade it at
28:29all. Anyways, step number four is you're
28:32going to enter the moment that price
28:34breaks above what we just marked up
28:37before as the London high or the London
28:39low. If price breaks above the London
28:41high, we're going to enter for a buy. If
28:43price breaks below the London low, we're
28:46going to enter for a sell. For step
28:48number five, you're going to place your
28:49stop loss right below the most recent
28:51low if you entered for buys or above the
28:54most recent high if you entered for
28:56sells. Now, I'll show you how to do this
28:57and also a very, very simple way to do
28:59this. If you don't know what stop loss
29:00means, this simply means that let's say
29:03we enter right here for buys, but we're
29:05saying that okay, worst case scenario,
29:07if price comes down here, exit me out
29:09the trade for a loss. This is the max
29:11amount of money I want to lose because
29:13if it goes even further than this line,
29:16I was probably really, really wrong
29:17about it and it's probably going to go
29:18even further down. So, your stop loss
29:20saves you from losing a bunch of money.
29:22But, step number six is your take
29:24profit. Take profit is the opposite of a
29:26stop loss. Let's say you enter right
29:28here and you're saying okay, when price
29:30gets up here, I would have made enough
29:32money. I'm okay exiting the trade right
29:34there. So, close my trade out
29:35automatically when price gets up here
29:37and let me get capture the money in the
29:40profits that the market is giving me.
29:42But, our take profit is going to go for
29:44a two to one risk to reward ratio and
29:46I'll show you exactly how to set that
29:47up. But, all that means is that whatever
29:49we're risking, if we hit our take
29:51profit, if we hit the area where we
29:53think
29:54um we're okay taking profit at, we're
29:57going to make two times as much as we
29:59risked. So, let's say with our stop loss
30:01down here, let's say we risk $100,
30:04right?
30:05Meaning if price hit our stop loss right
30:07here, we would lose $100. If we have a
30:10two to one risk to reward ratio,
30:12if we're risking $100, now if we win,
30:15we're going to win $200. That way, we
30:19can lose two times in a row and as long
30:21as we win one time, we make all of our
30:22money back plus more. So, that's simply
30:25what a take profit at a two to one risk
30:27to reward ratio looks like and I'll show
30:29you exactly how to do this. And the
30:31seventh step is that you're only taking
30:33one trade per day. Remember, this is
30:35something that we're doing around our
30:36full-time job. This is not to be turned
30:38into a full-time job. So, we're waiting
30:40for price to break either the top of our
30:43London session high or the bottom of our
30:45London session low. Whichever one
30:47happens first, that's the trade that we
30:49take. Let's say it breaks the top and
30:51then it breaks the bottom after, we
30:53don't take both of those trades. We only
30:55take the first one. Win or lose, we are
30:57done at that point. So, we just went
30:59over this seven-step checklist. I just
31:02wrote it out to you. Now, let me show
31:03you how to actually do this on the
31:04charts so you fully understand it. The
31:07first step being, we have to go to our
31:095-minute time frame chart. So, you would
31:10just press 5M. If you don't see it, hit
31:13this drop down right here and press 5
31:15minutes.
31:16Now, you'll be on the 5-minute time
31:18frame chart. Now, the second step is for
31:20us to mark the London high and London
31:22low from 4:00 a.m. to 8:00 a.m. Eastern
31:24Standard Time. Now, we can obviously do
31:26that manually by looking at the bottom
31:27of our screen over here and looking at
31:29the time to see from 4:00
31:31um a.m. to 8:00 a.m.
31:33But, a simple way to do it is if we
31:35press indicators over here and we type
31:38in kill zones,
31:41it's this one by Oscar VS. We would just
31:43press that. You'll see it pop up right
31:45here and you'll notice that we have
31:47these yellow lines and these white lines
31:49on our chart now. Now, keep in mind,
31:50yours is probably going to look very,
31:52very, very different than mine cuz I've
31:53adjusted the settings. So, what you can
31:55do to make yours look just like mine is
31:57you hover over the top left corner over
32:00here that says kill zones and this
32:01second icon, you can press settings.
32:04And then under inputs, these are my
32:06settings. You can literally just copy
32:08them. Have this one checked on, this one
32:10checked on, and all the other ones
32:11checked off. And then under style, you
32:14can do the same thing. You can have this
32:15one checked on, this one checked on, and
32:18then the second to last one also checked
32:19on and all the other ones checked off.
32:22Now, you can play around with these
32:23colors if you want. If I'm being honest,
32:24none of this really matters at all. This
32:26just makes it very simple to see exactly
32:29what it is we are looking for. All
32:30right. So, once you have your indicator
32:32and you adjusted the settings to how you
32:33want to do it, as I mentioned, we're
32:35drawing a box essentially from the
32:38highest point of London session to the
32:39lowest point of London session before
32:41New York session started. So, this
32:43yellow line signifies when London
32:45session started. So, all we do is we
32:47look at where is the highest wick Where
32:50is the highest candlestick that has the
32:51highest wick during that period? We
32:53would come over on a rectangle tool, or
32:55you can use a line tool. It's really up
32:57to you. You can use this trend line
32:59tool, and just mark off the highest
33:01point of that. You drag it across, the
33:04highest point before the white line
33:05starts. And then, we're going to do the
33:07same thing for the bottom. We want to
33:09mark off the lowest point that was
33:11during this between the the yellow line
33:13and the white line. The lowest point is
33:15right here. So, let's take a line again,
33:17and let's mark this off. So, now we have
33:20the highest point, and we have the
33:21lowest point. How I like personally
33:23drawing it is if you come over here um
33:26on brush shirt hover over brush brushes.
33:28I can't say that word. But, if you hit
33:30the little arrow next to it and press
33:32rectangle, you can actually just draw a
33:33box
33:35around it. That way, now you can clearly
33:37see that
33:39as long as price is inside of here,
33:41we're doing nothing. The only time we're
33:43entering a trade, just like our
33:46entry criteria and our rules say right
33:47here, we're only entering a trade
33:49between the hours of 9:30 and 11:00 a.m.
33:52after it breaks either a high point or a
33:54low point. So, we have our high and our
33:57low plotted out. So, we have this box.
33:59We know that price is currently in it.
34:00We now have to wait until it's 9:30 at
34:03least for us to even look for price to
34:05break below it or break above it. So, as
34:07I was saying before, that this is how I
34:10essentially trade so I don't have to
34:12look at my charts all day. I don't have
34:14to be on my charts all day. And as I
34:16mentioned, when you're working a
34:17full-time job, you can literally just
34:18mark up these areas before you even go
34:21to work, the high and the low. And then,
34:23if you guys remember talking about the
34:25alert section, you can actually just add
34:28an alert at the when it starts getting
34:30closer to the
34:32bottom of your box or the top of your
34:35box. That way, what ends up happening is
34:37when you set this alert,
34:39you're able to actually get a
34:41notification to your phone that says
34:43that okay, price is getting close to
34:44breaking out. Check your phone here for
34:46a second. When you check your phone,
34:48you're then able to just place your
34:50order for a sell when price breaks below
34:52here or buy when price breaks above
34:54here. So, all I would do in the morning
34:56time, very very simple simple routine,
34:59I'd wake up. I'd mark off the high and
35:02the low of London session between the
35:04hours of 4:00 a.m. up until 9:00 a.m.
35:08And then I'm simply setting alerts a
35:09little bit above the low point and a
35:12little bit below the high point. That
35:14way I get notified before it breaks
35:16above it. And then I'm simply just
35:17waiting till that alert goes off on my
35:19phone. I can go, I don't know, play with
35:21the kids. I can go work if you have to
35:24work, go work out, whatever it is. And
35:26you're simply just having a waiting game
35:27at that point. Just waiting for price to
35:30tap that alert and tell you that it's
35:32getting close to giving you an entry.
35:34And then as soon as all the criteria is
35:35met, meaning right now this is 9:25, so
35:38we need 5 more minutes before we get an
35:40entry. But it can happen a lot of times
35:42directly at 9:30. A lot of times you'll
35:44notice that the entry will happen
35:46exactly at 9:30. But as soon all the
35:48criteria is met and we're looking for
35:50price to break below or above it, we
35:52would just get ready to enter our trade.
35:53And how you would enter it and plan it
35:55out is if you look over here on the
35:57side, you can see we have this long
36:00position tool and short position tool.
36:02As I mentioned, TradingView is really
36:04for planning out your trades and these
36:06little drawings on your chart help you
36:08to visualize what your trade would look
36:10like. Long position tool is what you
36:12would use when you believe that price is
36:14breaking above or going to break above
36:17your London zone. And then a short
36:18position tool is what you would use when
36:20you believe price will break below your
36:22zone. So, in this instance, we're kind
36:24of close to the bottom. So, I think
36:26we're going to be looking for shorts.
36:27So, what you would do, you press the
36:29short position tool. So, we would have
36:30entered as soon as price broke below the
36:33box that we drew from London session. We
36:35put our stop loss right above the high
36:38point of the candlestick that we got on.
36:40So, we entered on this candlestick and
36:42the highest point that this candlestick
36:44went was up here.
36:46It was right up here, as you can see,
36:48cuz that's the highest that the wick
36:49went. So, that's where our stop loss
36:51would be, meaning if price went above
36:52here, we get entered outside of the
36:54trade and we would have lost the trade.
36:57And then we're putting our take profit,
36:59the green box, until this risk reward
37:01ratio says at least a two. So, we'll
37:04drag that down until it says a risk
37:07reward ratio of two. As I mentioned
37:09before, this is showing us that we will
37:12have a two to one risk reward ratio. So,
37:14anything we risked, whenever we win,
37:17we're going to win two times as much as
37:19that. And as you can see, this trade
37:21instantly ended up winning. So, it would
37:22have entered us into the trade right
37:24here. It would have never touched our
37:26stop loss. It would have sold all the
37:28way down and hit our two to one risk
37:29reward ratio take profit. And this would
37:31have been a winning trade that would
37:33have happened in a matter of seconds. It
37:35took us just seconds to add our trade on
37:38here. And then we don't even have to
37:40look at our chart to see if price is
37:41going to the downside or actually going
37:43to hit our take profit. We can go back
37:45to our full-time jobs because the trade
37:47is going to go either way, whether it's
37:48going to win or it's going to lose. No
37:50matter what, we are done for the day.
37:52Now, this is just one example. Let me
37:54show you guys a bunch more examples. So,
37:56we can do the same thing the day before.
37:58We see our uh yellow line and then we
38:01see our white line. So, we would do the
38:04same thing. We would mark off the
38:05highest point,
38:07which is right here. And then we draw
38:09the box all the way down to the lowest
38:11point, which is right here. And then
38:13we're simply at this point waiting for
38:159:30 to happen, at least 9:30 to happen.
38:19And as you see, it happened right here.
38:21So, we would have entered the trade as
38:23soon as it broke below here. So, we'd be
38:24in this trade now. Our stop loss will go
38:27right above the high point of the
38:29candlestick that we entered on, as you
38:31see right here.
38:32And then we're just dragging this until
38:34we see it's at a two to one risk reward
38:37ratio, just like this. Now, let's fast
38:40forward and see if this ends up playing
38:42out. As we see, this trade also ended up
38:45winning. Now, this trade took about 10
38:48minutes to actually win. So, it took a
38:49little bit longer than the previous one.
38:52And that's fine. We didn't have to sit
38:53here for 10 minutes to see if this trade
38:55ended up playing out or not. We simply
38:57entered the trade following all the
38:59steps, and whether the trade instantly
39:01gets us out at take profit or at stop
39:03loss, we're done for the day.
39:05Now, let's go to the day before then,
39:08and let's see what happens here. So,
39:11we'll do the same thing. We'll obviously
39:12just mark off the high point.
39:14We'll mark off the low point here. And
39:16we'll just drag it across. And then,
39:19we're going to wait until at least 9:30
39:21happens, which is right here. So, we
39:23didn't get an entry right at uh 9:30.
39:26But, let's fast-forward and see if we
39:27end up getting an entry anywhere.
39:29You see we're getting close to the high.
39:31We're getting close to the low.
39:33Let's see. All right. So, we would've
39:35had an entry literally right here.
39:38So, we would've entered the trade as
39:39soon as it broke above our zone here
39:41now. We would've used the long position
39:44tool, since we're looking for buys,
39:45right? Then our stop loss, since we
39:47entered for buys, would go below the
39:50candlestick that we entered on.
39:52Just like that. And then we're dragging
39:54this until we get to a two-to-one
39:56risk-to-reward ratio. Just like this.
40:00Now, let's fast-forward and see what
40:01ends up happening.
40:03As you see, this trade ended up hitting
40:06full take profit as well. So, we
40:08would've won this trade in a matter of,
40:09looks like, 10 minutes on this trade as
40:12well. Now, let's rewind and let's go to
40:15a day before then. I just want to make
40:16sure I give you guys a lot of examples,
40:19so you understand exactly what it is
40:20that you are looking at. So again, we
40:23would draw
40:24a box around the highest point, which is
40:26up here,
40:27all the way to the lowest point, which
40:30is down here.
40:31We'll drag this across.
40:34And then let's fast-forward and see if
40:35we end up getting an entry. This is the
40:379:30 candlestick right here. So now, we
40:40are within that window that we we'd be
40:42looking for an entry on. And then we see
40:43right here, we would've got an entry.
40:45So,
40:46we would've entered for sales as soon as
40:48it broke below our box.
40:50Stop loss above the candlestick that we
40:53entered on since we entered for sales.
40:55And then let's drag our TP area down
40:59until it says at least a two to one risk
41:01to reward ratio. And let's see what ends
41:03up happening.
41:06Fast forward and as we can see this
41:08trade ended up losing and this is
41:10perfect. I'm glad you guys saw this.
41:12Your trades will lose. You can do
41:13everything right. We just did everything
41:15perfectly. The trade can still lose. You
41:18having a strategy is not about you
41:20having a winning trade every single
41:22time. You're going to lose if any trader
41:24online says that you're going to win
41:25every trade or only shows you winning
41:27trades, they are lying to your face. Do
41:28not believe them. You will lose trades.
41:31Being a profitable day trader is not
41:33about winning every single trade. It's
41:35about having proper risk management and
41:37following the same system. And as we
41:39mentioned here, we lost this trade, but
41:42again, we already won three trades and
41:44we don't win three times as much we
41:46lost. We won six times as much as we
41:49lost cuz let's say for example, we
41:51risked $100 on every trade that we took.
41:53Right here, we just lost $100. But if we
41:56look at the days before the ones that we
41:58just went over, remember we win two
42:00times as much as we lose every single
42:03time that we win a trade. So, here is
42:06fine. We had a losing trade and that's
42:08perfectly fine. We would then be done
42:10for the day regardless if price breaks
42:12to the downside again or let's see if
42:14price breaks to the upside.
42:18Regardless if I don't know if it breaks
42:20to the upside or not, but regardless if
42:21price breaks to the upside as well, we
42:23would not take that trade. We took our
42:25one and done trade and we were done for
42:27the day regardless of the fact that it
42:29was a loss. Now, as I mentioned, these
42:31are the same exact setups that we're
42:33taking inside of my inner circle all the
42:35time. I'll leave a link inside the
42:37description of this video so you can see
42:38us implement and do this exact strategy
42:40every single day and then obviously have
42:42the opportunity to learn directly from
42:43me all the other strategies that would
42:45fit around your work schedule or
42:47whatever it is that you have going on
42:49during the day. Now, I want to go over
42:50something that a lot of people don't
42:51talk about, but you heard me just talk
42:53about it a little bit earlier, which is
42:55understanding your risk and managing
42:56your risk. How do we calculate how much
42:59it is that we're risking? Because
43:00obviously, we see these numbers on the
43:01side, and when I was going over the
43:03candlestick examples, I was showing you
43:05guys that let's say down here, the price
43:07of NQ was 31,083.
43:10You don't need $31,083
43:13or $31,083
43:15to open a position here. This is just
43:17the price of this underlying asset.
43:20You're actually able to enter into these
43:21trades with much less, but we have to
43:24understand when we're entering into the
43:25trade, how much is it that we're
43:27actually risking. And it's very simple.
43:29Another good reason why we use
43:31TradingView and we use these short
43:33position tools or long position tools is
43:35it help us helps us calculate the risk.
43:38So, this middle number on the um stop
43:41loss part right here, this 221, that's
43:44the amount of ticks, meaning that's the
43:46amount of movements to the upside or
43:48movements to the downside that NQ moved.
43:52So, if we make this bigger, you see the
43:53tick amount goes up. As we make it
43:55smaller, you see the tick amount goes
43:57down. Now, this tick amount is not the
43:59dollar amount that you're risking. The
44:01dollar amount that you're risking is
44:03whatever the ticks is times $5. So, we
44:06see here the tick amount is $218.
44:10If I were to open up one
44:12uh position on NQ, I'd be risking $218 *
44:16$5, which comes out to a little bit over
44:18$1,000. Same thing if my stop loss was
44:21100 ticks, I'd be risking $500 cuz it's
44:25100 * 5. That's how you calculate your
44:27risk just so you're aware on what it is
44:29that you're risking every single trade
44:31that you take. And you have to
44:32understand that each stop loss is going
44:34to be a different size. Some of them
44:35will be bigger, some of them will be
44:37smaller. But how you'll calculate and
44:39understand exactly how much you're
44:40risking per trade is just by multiplying
44:42this middle number by $5. Then it's the
44:45same thing with understanding how much
44:47you'd make per trade. You look at the TP
44:49part right here, the green part, and
44:51look in the middle number. You see right
44:52here it says 446. You'd multiply that
44:55number by five and that's how much you
44:57would make if it hits your full take
44:59profit. Now, I mentioned earlier on
45:01inside this video that most people don't
45:03even know the fact that you can use
45:04other people's money to trade with and
45:06doing that is called using prop firms or
45:09funded accounts. And simply how it how
45:11it works and I wish this was something
45:13that I had when I first started off
45:14trading and would have stopped me from
45:15losing
45:16tens of thousands of dollars. But simply
45:18put how it works is you'd pay a fee to
45:21these prop firms or these funded
45:23accounts. Let's say the fee is $500 and
45:26in turn they let you take a test or a
45:28challenge. Basically that challenge is
45:30you having to prove to them that you can
45:32make a certain amount of money on an
45:34account without losing a certain amount
45:36of money. For example, let's say they
45:38give you a $100,000 account to test you
45:41or take that challenge with. They want
45:43you to make $6,000 on that account
45:45without losing $3,000 first. If you can
45:48make $6,000 on the account without
45:50losing $3,000,
45:52to them you have proven that you know
45:54how to trade and then they would give
45:55you an actual account to trade with.
45:57When you then have that $100,000 account
45:59to trade with because you passed the
46:01challenge on a $100,000 account, you
46:03then are able to make profits on it and
46:06you get to withdraw a percentage of
46:07those profits. Usually it's around 80 to
46:1090% of the profits. So, how it works is
46:13you pay $500, you would take the
46:15challenge, if you pass the challenge
46:17they give you an actual $100,000
46:19account, you trade with it and the
46:21profits that you make on that account,
46:23let's say you make $10,000 on that
46:24$100,000 account, you get to take home
46:27and withdraw to your bank account $8,000
46:30or $9,000 depending on the prop firm.
46:33Now, the cool part is let's say you pay
46:35500 bucks and you take the challenge and
46:38you lose $10,000.
46:40You don't owe them $10,000. The only
46:43money out of pocket for you ever is that
46:45initial fee that you pay for a
46:47challenge. So, let's say that $500 that
46:49you paid for a challenge, that's the max
46:51out of pocket. Nobody's going to be
46:52coming to hound you down or chase you
46:54down to because you lost $10,000 on an
46:57account. So, as you can see, this is a
46:59huge way to leverage your money because
47:01you can pay a few hundred bucks and get
47:03access to much bigger accounts to trade
47:06with, causing you to be able to
47:07obviously make way more money even after
47:10you giving them 10% of your profits or
47:12even 20% of your profits. Now, the one
47:15thing about prop firms that you have to
47:16be very, very, very, very careful about
47:18is there are so many out there. A lot of
47:20them can be scammy and have all these
47:22crazy rules that you would have never
47:23found out about cuz they hide them. And
47:25a lot of them, let's say you you pass
47:27the challenge, you pay them the money,
47:29and then you're requesting a payout,
47:31they can just deny it and not give you
47:33the money. A lot of these scammy prop
47:34firms would do that. And that's honestly
47:35the reason why I started my own prop
47:37firm. I was honestly just sick and tired
47:39of these prop firms taking advantage of
47:41people. Prop firms owned by people who
47:43have literally never traded a day in
47:44their life. So, I made a prop firm that
47:47I wish that I could have had when I
47:49first started off. The reason being is I
47:51mentioned to you guys, usually you have
47:53to pay $500 or a few hundred bucks, and
47:56then prove to them that you know how to
47:58trade by hitting this specific profit
48:00amount without losing this amount.
48:03I did away with that entire thing.
48:05Meaning, at my prop firm, The Edge
48:06Funder, it's instant funding. As soon as
48:09you purchase the account and you start
48:11making money on it, you can start
48:13withdrawing profits. As long as
48:15obviously you follow our rules, just
48:16like every other prop firm has rules.
48:18But, you don't have to prove to us that
48:20you know how to trade because a lot of
48:22times most people will pass those
48:24challenge accounts, and then the prop
48:25firms will put them on the real
48:27accounts, and the real accounts will be
48:29completely different from the challenge
48:30accounts, and now the trader lost that
48:33real account, and now they didn't make
48:34any money, they just wasted their time.
48:36So, I, as I mentioned, did away with
48:37that entire thing. Now, I'll leave a
48:39link for the instant funding prop firm,
48:41my prop firm, The Edge Funder, in the
48:43description of this video as well. And
48:44you can actually use code full time, all
48:47caps, and you can get 25% off any
48:50account that you purchase. So, it's a
48:52great way, as I mentioned, to leverage
48:54your money and not have you have to risk
48:56your own life savings. Even if you have
48:58the money to trade with, you might as
48:59well use other people's money. And at
49:01the Edge Funders, we have accounts
49:02starting at $25,000 accounts, $50,000
49:05accounts, $100,000 accounts, and
49:07$150,000 accounts that you can get
49:09access to and trade for just $100 or a
49:12few hundred dollars. So, as I mentioned,
49:14I'll leave a link for inside the
49:15description of this video, and you can
49:16use the code full-time all caps, no
49:19spaces, to get 25% off any account that
49:22you purchase. Now, we've went over the
49:24strategy, what day trading is, prop
49:26firms, how to use other people's money.
49:27We went over all these things, but I
49:29mentioned earlier on inside this video,
49:30and even when I was telling you guys
49:32about my inner circle, that the mental
49:34part and the psychology part of trading
49:35is the hardest part. And trust me, I
49:37skipped over that part for years, and
49:39that's why it took me so long to become
49:41profitable. But, I'm going to give you
49:43guys the seven most important principles
49:45that I've learned over the last 9 years
49:47that if you understand these and apply
49:49these, it will save you years of
49:51heartache, losses, sadness, and failure.
49:54So, let's hop into my seven principles
49:56that will drastically change your
49:57trading. The first of the seven
49:59principles is you need to follow your
50:01strategy, not your emotions. We just
50:03went over the seven-step checklist when
50:05it comes to the strategy. You need to
50:07follow that to a T. If six of those line
50:09up, but the seventh doesn't, do not take
50:11the trade. I don't care how good you're
50:12feeling. I don't know how I don't care
50:14how lucky you feel like you're feeling
50:17at the time. I don't care about how sad
50:19you are, how happy you are. You need to
50:21follow the strategy, not your emotions.
50:23Don't try and use intuition or things
50:26like that, because especially as a new
50:27trader, you have zero trading intuition.
50:30You need to follow the checklist to a T,
50:32and not change a single thing. Just
50:34focus on following the strategy as
50:36consistently and just repeating it as
50:38much as possible, and cut out all of the
50:41noise. Now, the second step, you need to
50:43detach from the money. When it comes to
50:45trading, once you learn the skill, and I
50:47said this hundreds of times, once you
50:49learn the skill of trading, making money
50:51is easy. The problem is everybody rushes
50:53into trading to try and make a bunch of
50:55money, and they skip past phase. But,
50:58once you learn how to trade, making
51:00money is
51:02it's like printing money out of thin
51:04air. I promise you once you learn the
51:06skill. But in order to get to that
51:08point, you need to detach from the
51:10money. You need to just focus on
51:11obsessing about learning the skill,
51:14obsessing about following the strategy,
51:16obsessing about following a system, and
51:19detach yourself from the money.
51:21And please understand that step number
51:23three is probably one of the most
51:24important ones that I didn't understand
51:25in the beginning. Profitable trading is
51:28very boring. In the beginning as
51:30traders, we get super excited about
51:31trading. We always want to be in trades.
51:33We always want to be entering and
51:35exiting trades. And we get excited. And
51:37that's why you hear a lot of times that
51:39trading is gambling. When in reality,
51:41it's not. It just can give a lot of the
51:43same feelings that gambling can give.
51:45When you go to the casino or you're
51:46gambling, you get that nice little
51:48dopamine hit. You get that adrenaline
51:50rush.
51:51With trading, that's what most people
51:52end up having as well. They get a
51:54dopamine hit, adrenaline rush, their
51:56heart starts racing, their their hands
51:57start sweating. That is not how
52:00successful traders trade consistently.
52:02Profitable trading is very boring. I sit
52:04here, I do the same thing. Mark up the
52:06highs and lows. Wait for it to go off on
52:08my phone. As soon as it goes off on my
52:10phone, enter for a buy or sell. Walk
52:12away. Very boring. It's not fun at all.
52:15I know in the beginning it's going to
52:16seem like a lot of fun, but trust me,
52:18don't get attached to that whole fun
52:21feeling. Profitable trading,
52:22consistently profitable trading, is very
52:24very boring. And it's supposed to be
52:26like that. Number four ties all of this
52:28kind of together.
52:30You have to have a structured trading
52:31routine. Meaning, you have to wake up at
52:33the same time, go into the charts the
52:35same exact
52:36um time, mark up your zones the same
52:38exact way every single time, marking up
52:40your highs and your lows the same exact
52:42way. You need to be risking the same
52:44amount every single trade. You need to
52:45be structured in the way that you trade.
52:47Everybody wants to be consistently
52:49profitable, but in order to be
52:51consistently profitable, you have to be
52:52consistent in the way that you trade. If
52:54you're always doing new things and
52:56always doing different things, you're
52:57never going to be consistently
52:59profitable. So, you need to have a
53:01structured trading routine. Number five,
53:04and you guys saw this when we were going
53:05over the examples, you have to
53:06understand and be okay with the fact
53:09that losses are part of the game. You're
53:10going to lose. It's okay to lose. Just
53:12think of losing as a business expense.
53:15Think of losing as just a part of the
53:17process because it literally is. Don't
53:20get mad when you lose. Same way you
53:22shouldn't get ecstatic when you win. All
53:24you're doing is trading the system and
53:26reaping the benefits.
53:28The outcome has nothing to do with how
53:30you should be feeling. Number six,
53:32backtesting is essential. I've made
53:33videos on my channel on how to backtest,
53:36but in essence, backtesting is simply
53:38just practicing. Same way you saw me go
53:40back here and go over those three or
53:42four trades, that's what backtesting is.
53:44It's going back and seeing what price
53:46did when I'm using a strategy, gaining
53:49confidence on the strategy. That's why
53:51backtesting is so important. And as I
53:52mentioned, I've made multiple videos on
53:54backtesting, so feel free to go on my
53:55YouTube channel to find those videos.
53:58But it's extremely important that you do
53:59that. And step number seven, and this is
54:01probably one of the most important
54:02parts. You've heard me mention my inner
54:03circle multiple times. It's very
54:06important that you get a mentor. Even me
54:07just Even you just watching my videos
54:09right now, I am technically your mentor.
54:11I am helping you. I'm I'm showing you my
54:13mistakes and the mistakes of other
54:15people that I've helped to help you skip
54:17over those mistakes and learn from them.
54:20Also, become part of a community or
54:22honestly do both of them. But the
54:23community aspect is very important
54:25because yes, everybody wants to be a
54:26trader so they don't have to worry about
54:28a boss or co-workers or people, but it
54:32becomes very lonely. You're just sitting
54:33here looking at the charts. You have
54:34nobody holding you accountable. You have
54:36nobody
54:37realistically to talk to. You're kind of
54:39just here. Nobody understands trading
54:41unless they trade. So that's why it's
54:43very important to become to get a
54:45mentor, to become part of a community,
54:47or do both of them. That way you're
54:48surrounded by like-minded people and you
54:50are learning. These seven principles
54:52have drastically changed my life. If you
54:54can follow them to a T, you will shave
54:57off years and thousands of dollars of
54:59losses. Now you've got the full road
55:01map. You know what day trading is. You
55:03know how to read the charts. You know
55:04the platform to use. You know the exact
55:07one trade a day strategy that I would
55:09use if I was working a full-time job
55:11today. But here's the cold truth.
55:13Trading with a small account will
55:14unfortunately never change your life. If
55:16you're trying to flip a thousand dollars
55:18into a hundred thousand dollars, that's
55:20going to be borderline impossible and
55:21never happen. But that's exactly why I
55:24made this video right here. I broke down
55:26exactly how to take the same strategy
55:28that we just talked about and apply it
55:30with prop firms and funded accounts that
55:32I mentioned in this video. I break down
55:34the exact risk you should trade for
55:35every single account size, how to
55:37actually get payouts, when to take
55:38payouts. I give you guys the entire game
55:40plan. So if you're ready to start using
55:42other people's money right, click this
55:44video right here. I'll see you there.

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