If You Only Have $50 to Start Trading, Do This Every Morning — Transcript

Full transcript

1. 0:00If I only had $50 to start trading, this
2. 0:03is the exact morning routine [music] I
3. 0:05would do every single day. Now, yes,
4. 0:08trading has completely changed my life.
5. 0:10It's helped me build an incredible
6. 0:12lifestyle and even this house behind me
7. 0:14right here. But it did not start here.
8. 0:17I've been trading for 18 years and when
9. 0:19I started, I didn't trade with huge
10. 0:21amounts. [music] I had to learn how to
11. 0:23follow a simple system, manage my risk,
12. 0:25and become consistent first. [music]
13. 0:27Over the years, that same process has
14. 0:29helped me produce trading results like
15. 0:31these. And in this video, I'm going to
16. 0:33show you the exact [music] three-step
17. 0:35strategy I would use if I was starting
18. 0:38over on a small account. I'll [music]
19. 0:39show you how I mark my supply and
20. 0:41demand, why I always trade with the
21. 0:43trend, and the perfect confirmations I
22. 0:46use to win my trades. So, if you only
23. 0:49have a small trading account to start
24. 0:51with, this is the [music] exact strategy
25. 0:53that I would use. Just smash that like
26. 0:56button, [music] subscribe to the
27. 0:58channel, and let's dive in.
28. 1:03Let's start with the biggest mistake
29. 1:05traders make with a small account.
30. 1:07Deciding their risk-reward before they
31. 1:10even look at the chart. And honestly,
32. 1:12this is how most gurus teach it. They'll
33. 1:15tell you risk $50, target $150.
34. 1:20That gives you a 1:3 risk-reward ratio.
35. 1:23But the market doesn't work like that.
36. 1:26It really doesn't care how much you want
37. 1:28to make on a single trade. After 18
38. 1:30years of trading, I use price action to
39. 1:32tell me where to target on a trade. So,
40. 1:34we have a recent level right here, maybe
41. 1:37I would target, or a recent level right
42. 1:39here, maybe I would target. And if I
43. 1:41pull that trade up, you can see I would
44. 1:44be getting about 1.8 risk-to-reward at
45. 1:47that level and about 1:1 at this level.
46. 1:50So, if I play this trade out, you can
47. 1:52see we hit the first level, that would
48. 1:54be a win. We hit the second level, that
49. 1:57would be a win. But what if I follow the
50. 1:58other gurus and target one to three on
51. 2:01this trade? Let's play it out and see
52. 2:03exactly what would happen. We got to
53. 2:05that level, we got a little bit above,
54. 2:07and then we slammed down, smashing our
55. 2:09stop loss. So, we could have made 50
56. 2:11bucks, we could have made 100 bucks, but
57. 2:14instead, we lost our trade. But, even
58. 2:17more important than risk reward is where
59. 2:19I take my trades from. So, let's jump
60. 2:22into my three-step $50 trading strategy
61. 2:25starting with supply and demand. If I
62. 2:27could trade only one type of level for
63. 2:29the rest of my life, it would be supply
64. 2:31and demand. I trade these concepts on
65. 2:33Forex, crypto, gold, Nasdaq, everything,
66. 2:37and I literally use it on every single
67. 2:40possible time frame. I always start by
68. 2:42looking for one thing, an explosive push
69. 2:46in price. I want to see big green
70. 2:48candles, fair value gaps, and I want to
71. 2:51see a break of structure, so I know I'm
72. 2:54trading with the trend, but more of that
73. 2:56in step two. Once my rules are met, I
74. 2:58could draw my level of demand on the
75. 3:00last red candle before the big push up.
76. 3:03Then, all I have to do is wait for the
77. 3:05price to pull back to that level of
78. 3:08demand, and that's where I'll be
79. 3:10interested in taking a trade from. Now,
80. 3:13why does this level work? Because buyers
81. 3:16already showed us this was an area they
82. 3:18were willing to step in and push up
83. 3:20price aggressively, which means there
84. 3:22could be more buying orders at this
85. 3:24level and a bunch of traders waiting to
86. 3:26step in here as well to push up price
87. 3:29again. So, once I get that reaction, I'm
88. 3:32into my trade, and I'm smashing my take
89. 3:34profit. And for one extra tip, if we
90. 3:36scroll to the side here, and we see that
91. 3:39we have a previous level of supply here,
92. 3:42we just want to make sure that we get a
93. 3:44candle closure like that above the level
94. 3:47of supply, and that's another
95. 3:49confirmation that this demand zone is
96. 3:52very likely to hold and push that price
97. 3:55up. Now, as I zoom back in here, you can
98. 3:57see we actually create another level of
99. 4:00demand right here. We have the big green
100. 4:04push up. We've got the fair value gap,
101. 4:06and we have the break of structure with
102. 4:08price closing above this level. So, what
103. 4:11are we doing? We're just waiting for
104. 4:12price to come back to our level of
105. 4:14demand. Do we tap in at any point? Yes,
106. 4:17we do, and we are into another trading
107. 4:20position off of this candle right here.
108. 4:23And what do you think is going to
109. 4:24happen? Well, let's play this out. Price
110. 4:26taps that level a couple of times, and
111. 4:29inevitably smashes our take profit. And
112. 4:31so, let's zoom out. Let's take a look
113. 4:34again. We've got another level of demand
114. 4:36right here. If we play the price out, we
115. 4:39get another level of demand right here.
116. 4:42And if we continue to play it out, do we
117. 4:44come to that level? We absolutely do. We
118. 4:46touch that level right there. Maybe we
119. 4:48target something like this again, play
120. 4:50this out, and what happens? We smash the
121. 4:53take profit again. And before we go to
122. 4:55step two, if we continue to play this
123. 4:57out, you can see there is no longer a
124. 5:00level of demand, right? This is not
125. 5:02really a level of demand because we've
126. 5:04got a bunch of red candles here, right?
127. 5:07It's not that aggressive move up. You've
128. 5:09got the fair value gap, which is nice,
129. 5:11but it's not what we're looking for. And
130. 5:14even if it was a level of demand, you
131. 5:16could actually just watch and see what
132. 5:18happens. We get this candle closure here
133. 5:20below that level, which would actually
134. 5:23invalidate this level, so we wouldn't
135. 5:25even take the trade, and we would be
136. 5:27able to collect the profits from three
137. 5:30separate trading positions. Maybe we
138. 5:32made 100 here, 300 here, and even 500
139. 5:36here, depending on the size of our
140. 5:37account and our skill level. But in
141. 5:39order for this to work, in order for us
142. 5:42to keep winning these trades, we need to
143. 5:43make sure that price is in an uptrend.
144. 5:46But before we get into that step, please
145. 5:49smash the like button and leave a
146. 5:50comment for your chance to win one of
147. 5:52seven free spots to my VIP trading room.
148. 5:55Now on to step two, trading with the
149. 5:57trend. Let's start step two with a
150. 6:00downtrend. The best supply and demand
151. 6:02traders I've ever seen always trade with
152. 6:05the trend. So, price pushes down, we
153. 6:07pull up, pushes down, we pull up, it
154. 6:10pushes down, we pull up, and we're just
155. 6:12looking for sell trades in the
156. 6:14downtrend, right? The swing high here,
157. 6:16the swing high here, the swing high
158. 6:18here, it's never getting taken out,
159. 6:21right? Price never comes up to take out
160. 6:23that price. So, we're continuing in the
161. 6:26downtrend. And when that's the case,
162. 6:28we're simply looking to sell at levels
163. 6:31of supply. And sure, you're not always
164. 6:34going to have a ton of selling
165. 6:36opportunities, but we take what the
166. 6:38market gives us. Sure, if the price came
167. 6:41up here, we had another sell. Or if this
168. 6:43price came up here, we had another sell.
169. 6:45But we were patient, we got two winning
170. 6:48trading positions. And now let me show
171. 6:50you in the uptrend. Look, price is
172. 6:51pushing up, it's pulling back, it's
173. 6:54pushing up, it's pulling back, pushing
174. 6:56up, pulling back, pushing up, pulling
175. 6:58back, and pushing up again. Clearly, we
176. 7:01are in an uptrend. At no point do any of
177. 7:04these lows get taken out by price. You
178. 7:08know, this price doesn't come down here
179. 7:10taking out that low. This price doesn't
180. 7:12come down here taking out that low. So,
181. 7:15we just want to look for buy trades in
182. 7:18the uptrend and make it as easy as
183. 7:20possible. So, I've got a nice setup
184. 7:22right there to get into a trading
185. 7:24position, and another setup around here
186. 7:26to get into a trading position. But what
187. 7:29we don't want to do is look for sell
188. 7:31trades. You got a little level of supply
189. 7:33right there, we want to avoid that. Got
190. 7:35another level of supply after this push
191. 7:37down, we want to avoid that. Because
192. 7:39we're in the uptrend, we only want to
193. 7:41look for buy trades. Now, the third and
194. 7:44final thing you need to know for this
195. 7:46strategy is confirmation. When price
196. 7:49comes to this level, what do we want to
197. 7:52see to enter a trade? So, if we go back
198. 7:54to our first example, we had a level of
199. 7:57demand right here. And what would be the
200. 7:59entry confirmation for me to get into
201. 8:01this trade? Well, let me show you. This
202. 8:03is one of the things I would look for,
203. 8:05which is actually a wick enclosure. So,
204. 8:08you can see price came down into this
205. 8:10level right here and then it closed up
206. 8:13here. To me, that's significant because
207. 8:15it's telling me this level is holding.
208. 8:18Price came into the level, pushed up,
209. 8:20and closed. So, on a setup like this, I
210. 8:23will either enter on the close right
211. 8:25there or I will reenter at the top of
212. 8:28the zone. So, I had my confirmation, but
213. 8:30I still want to have an additional
214. 8:32pullback to this level one more time in
215. 8:35order to get into the trading position,
216. 8:37which is exactly what I would do on a
217. 8:39trade like this in order to smash the
218. 8:41take profit. Now, that is my first entry
219. 8:44model. And if we go over here, let's
220. 8:46look at another example. My second entry
221. 8:49model, you've probably seen me do this a
222. 8:51lot on stream, but you can see price
223. 8:53pulls back to the level right here. And
224. 8:56now, what am I looking for, right? We've
225. 8:57already got the wick and close, right?
226. 8:59We wicked in, we closed above, we wicked
227. 9:01in, we closed below. You know, I could
228. 9:03have entered that trade already, but if
229. 9:05I'm really being cautious, I will look
230. 9:07for a specific candle pattern. And
231. 9:09that's a bullish engulfing candle
232. 9:11pattern. So, I want to see a small red
233. 9:13candle body engulfed by a big green
234. 9:17candle body. That's a bullish engulfing
235. 9:19candle pattern. And on this one, I'm
236. 9:21usually going to enter on that candle
237. 9:23closure, put my stops below the level of
238. 9:26demand, put a take profit at a recent
239. 9:28level of price, maybe something like
240. 9:30this, and then I'm ready to place the
241. 9:32trade, see how that plays out, and
242. 9:34ideally smash my take profit. So, now
243. 9:37I'm going to combine all of this for you
244. 9:39in one live trade example, so you know
245. 9:41exactly how to use my supply and demand
246. 9:43trading strategy starting with 50 bucks.
247. 9:46Let's do it. But before we do, if you're
248. 9:48wondering where I'm trading, it's with
249. 9:50the Risen FX broker. The spreads are
250. 9:52low, commissions are low, link is in the
251. 9:54video description, and registration is
252. 9:57absolutely free, so check them out now,
253. 9:59and let's get into that live trade. So,
254. 10:00normally in the live trade portion of
255. 10:02this video, I show you some recent huge
256. 10:06trade. And if I was doing that, I would
257. 10:08probably show you this level of supply
258. 10:11right here, which resulted in the
259. 10:14biggest trade I've ever had live on
260. 10:17stream just on Friday. But I want to
261. 10:19show you what happened today and exactly
262. 10:22what I was thinking about today to show
263. 10:25you something that's incredibly recent
264. 10:27and exactly in line with this trading
265. 10:29lesson. So let's clean up the chart a
266. 10:31little bit here. Can see I actually won
267. 10:33a trade right here, but I'm not going to
268. 10:35get into that one. I really want to
269. 10:37cover what I was seeing this morning in
270. 10:39the markets. So a very clear downtrend
271. 10:42here this morning. You can see we were
272. 10:43pushing down, pulling back, pushing
273. 10:46down, pulling back, pushing down, and
274. 10:48pulling back, right? That is what we
275. 10:50were doing. So in that sort of
276. 10:52downtrend, I'm just looking for supply
277. 10:55zones. So I marked up a supply zone
278. 10:57right here, and I marked up a supply
279. 10:59zone right here, and then I had another
280. 11:01level down here, which was a flip zone.
281. 11:03This level was used as support over
282. 11:05here, and so I was thinking it might be
283. 11:07used as resistance right here. And
284. 11:09ideally, that would have been where I
285. 11:11entered my trade this morning. Had I
286. 11:13done that, I would have got a very nice
287. 11:15win in front of 30,000 people. But alas,
288. 11:18that was not the case. I was being
289. 11:20patient. I had this level of supply
290. 11:23right here. Price pushed out of that
291. 11:25area. I had the fair value gap. I had 1
292. 11:282 3 4 5 red candles in a row. So I
293. 11:31wanted price to pull back to that level
294. 11:35for my entry. And it didn't happen. And
295. 11:37I didn't get the trade, but I was
296. 11:39patient, and that's the lesson that I
297. 11:41want to teach you today. It's okay to
298. 11:43miss your trade as long as you're
299. 11:45marking up good levels. And for
300. 11:46tomorrow, what am I looking for? Well,
301. 11:49we've got a level of demand right here.
302. 11:51Would I enter that trade? Well, we're
303. 11:53still kind of in this downtrend, so
304. 11:54probably not. But we do have a level of
305. 11:57supply, albeit a weak one. Maybe I would
306. 11:59enter a trade from there, or maybe I'll
307. 12:01wait for a bit more of a pullback to
308. 12:03that original level of supply and end up
309. 12:06taking a sell from there. You'll have to
310. 12:08watch the live stream to see what
311. 12:09happens. I hope you like my $50 trading
312. 12:12strategy. Please smash the like button,
313. 12:14subscribe to the channel, leave a
314. 12:15comment, check the links in the
315. 12:16description for my trading robot, my VIP
316. 12:19room, the broker where I trade at. And
317. 12:21if you're not done with me, watch this
318. 12:23video right here or watch this video
319. 12:25right here and I'll be back next week.
320. 12:27Much