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How to START TRADING with just $71 (simple & proven) — Transcript

by The Rumers · 2,974 words · 412 segments · language en · Watch on YouTube

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0:00$71,
0:01two trading days, boom! A $50,000
0:06funded trading account. This is exactly
0:10what I did last month. Same setup, same
0:13time every day. And if you have $71 and
0:18you can show up for 30 minutes each day,
0:20I'm going to show you the exact process
0:23that I follow. But I already know what
0:24you might be thinking. There is no way
0:27this is possible. She just got lucky.
0:29And look, I get it. You're right to be
0:31skeptical. If I saw something like that,
0:34I would be skeptical, too. And this is
0:36why I documented everything. I'm going
0:39to show you each trade that I took and
0:41each line that I drew before I pulled
0:43the trigger. But here's the part that
0:45matters most. This is not just happening
0:49to me. Each week, I see people in our
0:51trading community pass challenges, get
0:54payouts, and finally trade capital they
0:58would have never been able to save on
1:00their own. All from different ages,
1:02different countries, different
1:04backgrounds. Because guess what? The
1:07market doesn't care where you're born,
1:09how you look like, or whether you
1:11graduated Harvard or live in a shed. The
1:14playing field has been leveled. It only
1:17cares whether you can follow a process.
1:20And everyone gets a chance. [music]
1:23So, if you have $71, you have a chance,
1:26too. Honestly, I wish that existed 13
1:29years ago when I first started trading.
1:32Because back then, the process looked
1:34like this: save money, open a brokerage
1:36account, lose it all in a week, and
1:39repeat over and over again. I cannot
1:42tell you how many times I went through
1:44this loop. But now, I know exactly why I
1:47kept losing. When it's your own rent
1:49money on the line, you trade scared.
1:51You're emotional. And emotional traders
1:54lose. You see, the problem was never
1:56that I had too little capital. The
1:59problem was that I was risking the
2:00little capital that I had. So, today I'm
2:03going to show you how to use $71
2:06to trade someone else's $50,000.
2:09Let's get started. So, here's exactly
2:12what I did. For that, I used Alpha
2:14Futures and I chose the zero plan and
2:18the 50K challenge. And once you click on
2:21get started, you will see all the
2:23information and details. And right now,
2:26the price is at $119 per month. So, in
2:29order for you to get it to $71, you need
2:32to use a discount code. I'm going to use
2:35the code rumors and click on apply and
2:37voila, the price is now at 7140.
2:41$71 is, by the way, what I paid last
2:44week for a mediocre lunch in Las Vegas.
2:47Now, obviously, there are a lot of prop
2:49firms out there. The best thing to do is
2:52just do a little research and find what
2:54works for you best. I'm just showing you
2:57here what I used and what worked for me.
2:59Now, once you've paid that, you're ready
3:01to go. You can start trading right away.
3:04But, not so fast because in order for
3:07you to get the 50K funded account, you
3:10have a goal to achieve and a few rules
3:13to follow. And these rules are the exact
3:16reason why most people fail at this.
3:19Now, let's do a quick reality check
3:20because the $50,000 account didn't mean
3:23I had 50,000 to lose. There are three
3:26numbers here that matter. Number one,
3:29the trading goal was to make $3,000 in
3:32profits. Number two, your max loss is
3:35$2,000.
3:37If you lose 2,000, it's game over. And
3:40number three, if you lose $1,000 for the
3:43day, they lock you out and you can no
3:46longer take trades for that day. Which
3:48means the strategy that most traders
3:50use, like trade more, trade bigger, get
3:53there faster, is the exact strategy that
3:56will fail. So, here is what I did to be
3:59on the winning side. I stripped
4:01everything down to the basics. My
4:03decision-making had to be stupid simple
4:06because I learned one thing over the
4:09years. You can be master at one thing or
4:11mediocre at 10 things. I choose one,
4:15which leads me to the rule of one. One
4:18setup, one market, one routine. No
4:21jumping between forex, oil, gold, or any
4:24other instruments. So, for this
4:26challenge, my focus was ES and NQ,
4:30nothing else. Let me walk you through
4:32exactly how this works. Starting with
4:34step number one, drawing our lines. And
4:38for that, I'm going to use my first
4:40trade from my challenge. So, that right
4:42here is the Alpha Futures Trade
4:44Calendar, and my first trading day for
4:47that account was the 24th of July. And
4:51you see here the P&L and the number of
4:53trades that I took. And when you click
4:55here, you see the exact details. Now,
4:59the first two trades here, this was a
5:01mistake. I accidentally clicked on buy
5:03and had to immediately close that trade.
5:06But, what matters are the trades after
5:08that, and I'm going to walk you through
5:10the exact setup and exact entry and
5:13exit. This right here is the MNQ
5:15futures, the Nasdaq micro futures. And
5:18because of the rules and the little risk
5:21that I was allowed to use, I traded
5:23throughout this challenge the MNQ
5:25futures and the ES futures. Now, before
5:28the market opens each morning, I start
5:31with drawing four simple lines. These
5:34lines are showing me where to buy, where
5:37to sell, and where to do nothing at all.
5:40So, here's how I draw them. For that, I
5:43like using the 1-hour chart because the
5:461-hour removes the clutter and the mess
5:49and allows me to see the most important
5:51and significant highs and lows on that
5:54chart. Grab a drawing tool and look to
5:56the left and ask yourself, where are the
5:59last two most important and significant
6:02lows on that chart? I see a low right
6:05here, which is why I'm drawing a line,
6:07and then I see also one more low
6:10slightly below right here, which is why
6:13I'm drawing another line. So, these two
6:15zones are my two lower lines. Now, we're
6:19going to do the exact same thing on the
6:22upper side. Look to the left and ask
6:24yourself, where are the recent most
6:27significant highs on this chart? I see a
6:29high right here and one more just above,
6:33right here. So, those are the four lines
6:36and zones that I'm watching. And here
6:38are the rules, which are extremely
6:40simple. If the price reaches one of the
6:43two lower lines, I'm only looking to
6:46buy. If the price reaches one of the
6:49upper lines, I'm only looking to sell.
6:52If the price is in the middle, I do
6:54nothing. I do not have a trade. Now, the
6:57reason I want to buy at the lower magic
7:00lines is because the lower lines
7:02represent the biggest and most committed
7:05buyers. And amateur traders typically
7:08put their stop losses exactly there. And
7:11institutional traders know that. They
7:14use that information to create a pool of
7:16liquidity and start buying around this
7:19zone. And it applies in the exact same
7:22way in reverse. The upper two lines
7:25represent the biggest and most committed
7:27sellers. This is where amateur traders
7:30chase breakouts and institutions know
7:33that. They use their buy orders to
7:36create liquidity and start selling
7:38around these zones. And in a moment, I
7:41will show you the exact confirmation
7:44candle I use before I pull the trigger.
7:46But first, let's see what happens right
7:49at the open. And for that, I'm going to
7:50use the 15-minute chart, the lower time
7:54frame. And watch this. Pow, pow. The
7:57market runs straight into the lower
8:00magic lines and actually breaks straight
8:04through. Now, let me ask you something.
8:06Honestly, would you buy here or sell?
8:09Look at your answer because we're going
8:11to get back to this. Most traders who
8:13see that think breakout and then they
8:16start panicking, hitting the sell
8:18button, and honestly, they're panicking
8:20at the worst possible spot. I call this
8:24move right here the sucker move. It
8:26always looks the same. A few aggressive
8:29candles slamming straight into an
8:32important level. It's almost like the
8:34market is checking who is emotional
8:36today. But let me show you something
8:38important. Let's switch real quick to
8:40the daily chart. A quick glance at the
8:43daily chart shows why I'm not panicking
8:46here. Take a look at this. This was the
8:48zone where the market already bounced a
8:51few days ago. And if you look further
8:53back, you see this is an important area
8:56where the market made a huge and
8:58aggressive move up. So, we're right now
9:02exactly around this spot. This means
9:05there's a real possibility for a
9:07reversal here. And remember I asked you
9:09a question, would you buy or sell? The
9:12answer is buy because in this case, I'm
9:14going to look for a potential long
9:16setup. Now, before I pull the trigger,
9:19I'm always waiting for confirmation. I
9:22want to see a very specific candlestick
9:24before I enter the trade. Now, let's
9:26switch back to the 15-minute chart. And
9:29by the way, for that confirmation, you
9:31can either use the 15-minute or the
9:335-minute chart. I personally I switching
9:36between both, and it all depends on the
9:38current market volatility and the
9:40current price action. So, here's what I
9:43want to see. I want to see that this
9:45sell-off slows down. And for that, I
9:48want to see one green candlestick first.
9:52This means that buyers are stepping in
9:54and they're potentially ready to reverse
9:57the price higher. And the entry happens
10:00as soon as the next candle goes above
10:02the high of that first green
10:04candlestick. And the stop loss can be
10:07placed slightly underneath. I call that
10:10pattern the pitchfork. Now, let's see
10:12what happened here and I'm going to walk
10:14you through my trade idea, execution,
10:16and management. A few minutes later, we
10:18saw one big green candlestick. But in
10:22this case, the price never went above
10:24it. So, I've been sitting here on that
10:2615-minute chart and patiently waiting
10:29for an entry. And then, I realized that
10:32we stopped selling underneath. I
10:34realized that this candlestick right
10:37here has a huge wick on the bottom. And
10:40the other one stopped as well with a
10:42tiny wick right here. So, what I did
10:44here is I switched down to the 5-minute
10:47chart. But watch this. On the 5-minute
10:49chart, I noticed that we slightly broke
10:52below the low here, but we're still
10:54holding this zone. We're not really
10:56making new lows. So, I was waiting
10:59patiently to see if I get a potential
11:02entry signal on the 5-minute chart this
11:05time. And because we had an expanded
11:07volatility and I have to control risk a
11:09little better on that prop account, I
11:13decided to enter on that 5-minute chart.
11:16And watch this. The next candle, boom, a
11:19nice green candlestick and a
11:21confirmation. And in this case, I
11:23thought this is ready. I'm going to hit
11:26the buy button. Because right now,
11:28everything looks like the market is
11:30fishing for stops. It looks like a
11:32sucker move, and it looks like a
11:33potential reversal because we cannot
11:36print more lows. So, because this is a
11:39prop account, and I don't have a lot of
11:41room for errors, I use the MNQ, and I
11:44placed two MNQ contracts here, and my
11:48stop loss was placed slightly
11:50underneath. And next thing you know, the
11:52market immediately goes straight to the
11:55upside. This was a typical sucker move
11:58with a straight reversal up. Now, in
12:00terms of management, what I like doing,
12:03and especially for a prop account, is
12:05moving the stop loss to break even as
12:07soon as possible. So, as soon as you're
12:09in profit, it makes sense to get out of
12:12the risk because you do not have a lot
12:13of room for errors with these prop
12:15accounts. And this is exactly what I
12:18did. Now, in terms of target, take a
12:20look at this. This was the breakdown
12:22area, and I was looking exactly at that
12:24zone. Because if the market starts
12:26rejecting here, this is a great idea to
12:28exit the position. And also, at this
12:31point, I was pretty much half of the
12:33profits up. So, I don't want to give
12:35back anything from what I've made
12:38because I'm halfway there with my
12:40account to pass this challenge. So, as
12:43soon as I started seeing this rejection
12:45right here around my target area, I
12:48decided to close the trade, book the
12:50profits, and be done. And that was the
12:53first trading day of the prop firm
12:54challenge. And the next trading day
12:57happened on the following Monday, and
12:59that was also the day where I was able
13:02to reach my goal and reach the $3,000 in
13:05trading profits. For that, I traded
13:07mainly the ES, and I'm going to walk you
13:10through the setup that I saw and the
13:13trade that I took and how I managed this
13:15trade. So, that right here is the ES
13:18futures, the 1-hour chart, and this is
13:20the last day of my prop firm trading
13:23challenge. What we want to do before the
13:25market opens is start with step number
13:28one, drawing our four magic lines. For
13:32that, you want to look to the left and
13:34ask yourself where are the recent two
13:36most important highs and lows on that
13:40one-hour chart. Take a look at this.
13:42This is a low right here, which is why
13:44I'm going to draw a line just like that.
13:47It's been tested actually twice. And if
13:50you look further back, you see here one
13:52more low, which is why I'm going to draw
13:54another line just like that. So, these
13:57two are pretty close to each other.
13:58Obviously, this is a very important
14:00liquidity area. Now, we're going to do
14:03the same thing for the upper lines. Take
14:05a look at this. This was a previous
14:07high, and I'm going to draw a line right
14:10here. And as you can see, this was also
14:12a breakdown area, and the high from
14:15overnight session tested a few times.
14:18So, this makes it a pretty decent and
14:20important liquidity zone. And then I see
14:23one more high right here tested actually
14:25twice a few days ago, which is why I'm
14:28going to draw one more line just like
14:30that. Now, remember our rules. Whenever
14:33the market opens, I'm only looking to
14:36buy at the two lower lines or to sell
14:39around the upper lines. If the price is
14:42in the middle, I do nothing. So, now
14:44let's switch to the 5-minute chart
14:46because this is what I'm going to use
14:48for my confirmation, and this is what
14:50worked perfectly on my first trading day
14:54of that challenge. And take a look at
14:56this. Right at the open, the market is
14:58heading straight toward our lower line.
15:02And not only that, but it actually
15:04slightly broke below. And now we have
15:07one green candlestick. Now, what I want
15:10to see next is that the price goes above
15:13the high of this green candlestick. This
15:16is going to give me my pitch for
15:17confirmation, and this is when I will be
15:20ready to pull the trigger. So, that
15:22candle happened to be a red candlestick,
15:24so no confirmation yet, but the
15:27following candle is another green
15:29candle. So, the setup is still valid.
15:32Now, I want to see a little more
15:33confirmation. Again, I'm waiting for the
15:36price to cross this high and then I'm
15:38going to be ready to pull the trigger.
15:40Now that I have the confirmation, I'm
15:42already in this trade. And here is how I
15:46managed this trade. And by the way, the
15:48biggest downfall of prop firms. As soon
15:51as I saw that I'm in profit, not only I
15:54moved the stop loss immediately to break
15:57even, but I actually saw that I crossed
15:59my target and reached my goal, and then
16:03I immediately closed that trade. Now,
16:06the setup was valid, the entry was
16:08valid, but my trade management was
16:11purely based on the overall challenge
16:15and on the numbers that I saw on my
16:18account. And this can be really
16:20challenging for new traders, because as
16:23a trader, your job should be to make
16:25good trades, one good trade at a time,
16:28and not look at your P&L or make
16:30decisions based on numbers or rules or
16:33P&L. This is my opinion one of the
16:35biggest downfalls of these prop firms.
16:38With all the rules, sometimes you lose
16:40sight of what's in front of you and act
16:42based on the rules, trade based on the
16:45numbers and based on your goals and not
16:48based on the chart and on the setup. Now
16:50that being said, I still think it is a
16:52great experience, especially for someone
16:54who does not have their own capital to
16:56start with. And I believe this is a
16:59great opportunity to start trading
17:01futures, knowing the downfalls and
17:04knowing the upside potential. And to
17:06summarize, what got me to pass that
17:08challenge was not some kind of a fancy
17:10indicator, it was the same setup that
17:12I'm doing over and over again. Drawing
17:15the magic lines, waiting the price to
17:17reach one of these zones, and acting
17:19based on the confirmation. All the same
17:22simple setup. Thank you so much for
17:24watching and going through that journey
17:26with me. If you want to get every week
17:29our gains guide, I'm posting the exact
17:32liquidity zones each week and the game
17:35plan for the week ahead. Feel free to
17:37check the link in the description below,
17:39and I cannot wait to see you back here
17:42on our channel again. Bye for now.

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