🔴 Live NQ Futures Trading | Order Flow & Prop Firms — Transcript
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- 0:11What up, Soul Search? What up, Gurpreet?
- 0:18What up, oi oi oi oi oi?
- 0:21>> [laughter]
- 0:54>> Yo, what up, Lil Fat? King Issa or
- 0:58ISA?
- 1:01Dude, we just keep pumping, huh? We
- 1:02tapped into the All right, we're pushing
- 1:04to 30,800.
- 1:07You know, in the event that we
- 1:10continue pushing up.
- 1:1331,000 really is not that far away.
- 1:20It's It's pretty crazy to
- 1:23>> [snorts]
- 1:24>> to think about
- 1:26where NQ's at
- 1:30compared to where it was, you know, just
- 1:32like
- 1:33a year or two ago.
- 1:42What up, Arvids?
- 1:45A R Vids.
- 1:47Arvids.
- 1:50So, yesterday, um I did trade a little
- 1:54bit of Asia session.
- 1:57Um
- 2:00and I
- 2:01caught a little bit of profit on this
- 2:03funded account. We were
- 2:06I traded some of this some of this move
- 2:09down some of this move up.
- 2:11It was pretty clean and then the moment
- 2:13that Tokyo kind of opened we um
- 2:17began to range sideways a little bit and
- 2:19then eventually, you know, we did
- 2:22continue up towards all-time high. So,
- 2:25we had this like
- 2:27pretty large drop that came in and we
- 2:28just V-shape recovery just like did a
- 2:31V-shape right back.
- 2:35And just took it up
- 2:36here.
- 2:40So,
- 2:42we kind of did this slow grind up
- 2:45um
- 2:50and we're dropping pre-market. So,
- 2:53realistically what I'm looking at is if
- 2:55we are going to drop lower off the open
- 2:57then I am looking for us to kind of take
- 2:59out London lows and Asia lows and then
- 3:02start coming towards like the 30,600
- 3:05area.
- 3:07If we are going to have like a pullback
- 3:09and then pop back up
- 3:12without going deeper, I would expect it
- 3:14to happen
- 3:15before like around here before it.
- 3:18In the event that we just kind of like
- 3:20continue a dump down
- 3:23and we get past the HVL and we start
- 3:25accepting lower then
- 3:26you know, we're probably at least going
- 3:28to come take this out
- 3:30and then potentially even come deeper
- 3:32towards where the current put wall is
- 3:33sitting
- 3:34or even just P2, which is like starting
- 3:37to enter that 30,500 area.
- 3:41We do have news at 10:00 a.m.
- 3:46Eastern.
- 3:47So,
- 3:49just be be of that.
- 3:51If we push up if we just like straight
- 3:53up push up off the open, take all-time
- 3:55high, I am watching up here at 30,865.
- 3:59It's the uh
- 4:00call wall.
- 4:02And not only the call wall, but it's
- 4:03also where the most uh that's where the
- 4:05net call open interest is sitting.
- 4:07Our NCOI.
- 4:09So.
- 4:11Do I know who Varsity Gaming is?
- 4:14Kind of sounds familiar.
- 4:17Um
- 4:20I'm going to just say no.
- 4:25I got to focus on this account though
- 4:27today.
- 4:30It has 5 days on it. I just like the
- 4:32balance is too small.
- 4:35So, we're going to try and
- 4:37get it up a little bit.
- 4:39The uh Alpha Trader or the Alpha Futures
- 4:41account is
- 4:43like a $4,400 balance.
- 4:47I think I need one more winning day on
- 4:49it, so.
- 4:52If all goes well,
- 4:54you know, maybe I'll take, you know,
- 4:56three grand in payouts this week to
- 4:57start off June.
- 5:02And then
- 5:04I'll start to
- 5:06buy more accounts.
- 5:15I might actually buy some more Topstep
- 5:17accounts. I've saw that they did the
- 5:19thing where um you know, if you add a uh
- 5:22a daily loss limit
- 5:24feature, they'll double the payout
- 5:26amount, so it's like back to being 4,000
- 5:29instead of 2,000.
- 5:32Which
- 5:33realistically, like
- 5:37in a funded account,
- 5:40if I'm going down a thousand dollars on
- 5:43a 50K account, I'm either tilting or I'm
- 5:45already going to blow the account, you
- 5:46know what I mean? So,
- 5:48I'll take it.
- 5:51What up, spaghetti?
- 5:52You're making me blush.
- 6:31So, I'll just wait for market open.
- 6:34See what happens and then
- 6:37try not to
- 6:40blow this account, honestly.
- 6:49Cuz last night I I tried to trade um
- 6:54after I got my profits on the alpha
- 6:56account, I tried to trade this account a
- 6:57little bit. Once we were coming up,
- 7:01I went long to try and target all-time
- 7:03highs.
- 7:05I ended up getting stopped out around
- 7:07here.
- 7:08And then I
- 7:09this morning
- 7:11when we were coming out of
- 7:13when we start dropping down, I just like
- 7:15took a scalp
- 7:17to take these lows real quick.
- 7:20Just to put my account back in the
- 7:22green. So, that's why it's sitting here
- 7:24at 68 bucks.
- 7:33The goal is to try and
- 7:44I know I'm looking at Funded Next, too.
- 7:46It's on the list. It's on the list. But,
- 7:48I will say though that they are kind of
- 7:50more expensive than
- 7:52a Topstep account.
- 7:58But, they definitely look pretty good.
- 7:596K caps.
- 8:17Yes, we will use that code.
- 8:20Everyone should use that code for any
- 8:22type of Funded Next accounts.
- 8:43Mentor Q has your zero DTE call wall for
- 8:45QQQ at 30,764.5.
- 8:54Okay. Let's I'm going to actually mark
- 8:56that out on my chart.
- 9:09We'll keep an eye on it.
- 9:31Yeah, I do live trade every day.
- 9:37Am I sure it's there?
- 9:39I don't know. That's what he said. I
- 9:40don't have Ment Or Q.
- 9:46I used Tanuki.
- 9:47Tanuki trade.
- 10:06Cool.
- 10:08Appreciate it, bro.
- 10:17Yeah, I don't know. I mean, I know that
- 10:19all the different vendors or like the
- 10:21different platforms are going to have
- 10:23different levels cuz they calculate
- 10:25their models differently.
- 10:31But, I don't know. I mean, like the ones
- 10:33that I used for Tanuki
- 10:35worked perfectly fine for me.
- 10:37They were great, actually.
- 10:40But, I understand that, you know,
- 10:45there's different platforms. I'm sure
- 10:46the potential call wall for spot gamma
- 10:49is different than Vol Signals, and it's
- 10:52different than Ment Or Q, which is
- 10:54different than Tanuki trade.
- 10:56So, which one do you use?
- 10:59Yeah.
- 11:05I like Vol Signals, honestly. I just
- 11:08it's pretty expensive.
- 11:17But, they have a pretty cool platform.
- 11:31But, Ment Or Q is pretty good, too.
- 11:37Yeah, you know, as long as we
- 11:39um
- 11:40I mean, we may pull back, sure, but
- 11:44I don't know if we do pull back, we're
- 11:45probably targeting uh you know, London
- 11:48lows, Asia lows.
- 11:54But overall, you know, we're
- 11:56pretty bullish still, so you know, even
- 12:00though we may pull back,
- 12:02you know, as long as we stay kind of
- 12:03above
- 12:0530,600 realistically,
- 12:10benefit of the doubt is really just
- 12:12going towards
- 12:14a potential pullback to continue bullish
- 12:16structure.
- 12:20You know, I keep getting like
- 12:24Yeah, today it's pretty large. I keep
- 12:26getting these like getting my hopes up
- 12:28on these pullbacks. You know what I
- 12:30mean? Like
- 12:31thinking, "Oh, finally we're making our
- 12:33way a little bit away from all-time
- 12:35high." But no.
- 12:37You know?
- 12:39We just keep coming back. We just keep
- 12:41going.
- 12:44Is it ever going to stop?
- 12:47And then you would imagine, you know,
- 12:48like we had some news about like, "Oh,
- 12:50the talks with the Iran and the US and
- 12:54blah blah blah blah blah." And then we
- 12:55get a short little dump and then just
- 12:57rips it all the way back up.
- 13:00All right, so market's about to open. If
- 13:01we begin to fall lower than I'm
- 13:03expecting us to come down here.
- 13:08We may or may not try and take it.
- 13:56>> Some buying, stepping in pre-market.
- 14:01Well,
- 14:04let's see if this continues.
- 14:09Just a straight ripped all-time high.
- 14:16Or let's see. Let's see if we fail
- 14:19take all-time high and start actually
- 14:20rotating lower.
- 14:48Um, I'm using ATAS.
- 14:52And then blob, um,
- 14:55what do you mean we should take profits?
- 14:59What up, bazooka?
- 15:05So, you know, if we're going to just
- 15:07continue this push up, then at this
- 15:08point I'm just going to have to sit here
- 15:11and wait until we get towards
- 15:1430,865.
- 15:16If we keep trying to push up right now
- 15:18to take all-time highs and we just
- 15:22you know, actually end up failing
- 15:25um and creating a very large wick here
- 15:27cuz we still have a lot of time left in
- 15:29this candle.
- 15:30Maybe a pretty good opportunity to
- 15:32actually try and short it
- 15:36for close to like 100 points.
- 15:43Um yeah, I mean it doesn't mean like
- 15:45just cuz we're in positive gamma,
- 15:46especially we're kind of in a pretty
- 15:48large profile, too. Um
- 15:52so it doesn't mean that we can't expand,
- 15:54you know.
- 15:57It's just baseline expectation is kind
- 15:59of just
- 16:01got to be careful
- 16:03about potential
- 16:07rotational behavior and, you know, like
- 16:10even when we come up here towards that
- 16:1230,865
- 16:14area, like potential pinning,
- 16:16meaning just like kind of chopping
- 16:18after we take all-time highs.
- 16:22Yeah, they are kind of far from each
- 16:24other. And then it's also to it's also
- 16:26important when you're looking at
- 16:27positive gamma, it's also taken into
- 16:29account like
- 16:31the actual distribution
- 16:33and um
- 16:36the volume and open interest that's
- 16:38associated with it, right?
- 16:40So like today,
- 16:43um
- 16:46the distribution's pretty wide and then
- 16:48also like
- 16:53there there there's some positive gamma
- 16:55sitting here on the Tanuki platform.
- 16:58Um
- 17:00but really the main one is right here,
- 17:02so and then it's kind of
- 17:04thinner thinning out here around the
- 17:05HBL.
- 17:07And then we have a lot of,
- 17:10you know, volume here,
- 17:12but
- 17:17there is a there is a chance that we do
- 17:19kind of just continue this
- 17:20consolidation. Like we take highs, we
- 17:23kind of push up a little bit, drop back
- 17:25down, and then mess around a little bit,
- 17:27but
- 17:29um
- 17:32we use order flow to just determine what
- 17:34it's actually doing, right? So,
- 17:38So, we took all-time highs. We just put
- 17:40in a new high. We pushed above
- 17:4230,800, which was a psychological level.
- 17:53Um
- 17:57Yeah, Tanuki automatically does that.
- 17:59So, do Wait, hold on.
- 18:08Sorry, I had a lock in real quick.
- 18:14I'm going to go through micro short
- 18:15right here.
- 18:19I'm I'm going to aim for like London
- 18:21lows.
- 18:25I was over here looking at your comment.
- 18:27We started We just totally flipped
- 18:28bearish right after taking all-time
- 18:31highs.
- 18:34So, we're either going to continue down
- 18:36to
- 18:37um
- 18:39London lows
- 18:41or
- 18:42we're going to totally just start
- 18:43chopping.
- 18:46So, kind of like right around 670 area.
- 18:53We have the next 5-minute candle that's
- 18:55about to open up. If it pushes up
- 18:58and
- 19:01stalls out, I'm actually going to add
- 19:02into this.
- 19:05At this point, we are kind of
- 19:09we just We're about to take these lows
- 19:11right here. so
- 19:13um going to move it to break even.
- 19:22I just want to see us come down here and
- 19:23at least take
- 19:25London lows.
- 19:27It's the game plan.
- 19:30Damn, almost missed that, dude. I almost
- 19:32got distracted for a second. Woo.
- 19:38We had all this buying pressure set and
- 19:40we take all time highs and we
- 19:41immediately flip like we flip bearish
- 19:44and we flip bearish hard.
- 19:52Target's likely London lows, so
- 19:55we're actually the moment we take London
- 19:57lows, I'm going to drop stop.
- 20:03So, we're we'll try and lock in 400.
- 20:07If this fails to take London lows and
- 20:09comes all the way back up to my break
- 20:12even, it will be a sad day, but you
- 20:15know.
- 20:20It is what it is, I guess.
- 20:24Yeah, and I only went in three micros,
- 20:26too, so
- 20:28we're up kind of uh
- 20:30we're up over 50 points.
- 20:36Basically, the moment we push past where
- 20:37I'm holding the stop, I'm dropping it.
- 20:40But, when we spike past it.
- 20:50It's uh
- 20:52Uh, we're stalling right here.
- 20:57All right, hold on.
- 20:59I'm going to put I'm I'm going to put
- 21:01stop right here. Dropping it here, and
- 21:03then I'm going to hold it to drop it.
- 21:08I'm just looking it to hit 670
- 21:11and then we're going to drop stop at
- 21:12674.
- 21:15But, because we're stalling, I actually
- 21:16had to drop stop a little like in the
- 21:18middle a little bit so we can at least
- 21:20capture like 25 points.
- 21:22But, we're looking for uh
- 21:25looking for this to just snap down.
- 21:31Oh, it did it. Wait.
- 21:33Did it do it? Oh, [Â __Â ] it did it. All
- 21:35right.
- 21:38All right.
- 21:39I'mma get out of that.
- 21:42I'mma get out of that.
- 21:44I wasn't quick enough. It happened too
- 21:46fast.
- 21:47It's probably still going to go down,
- 21:49but
- 21:51we um
- 21:53got to lock in some profits.
- 21:56It's early enough where we can actually
- 21:59um look for another trade, so.
- 22:02I got to get this balance up a little
- 22:04bit, so it is kind of important to lock
- 22:06in some profits.
- 22:08Because it is eligible for a payout, I
- 22:10just want like a bigger balance.
- 22:13But, because we kind of um
- 22:17we're stalling right here, okay? So,
- 22:18we're stalling
- 22:21and when we did take
- 22:24you know, London lows sitting right here
- 22:26we kind of snap down, put in a large
- 22:28trade, and immediately rejected like
- 22:31that's not I I got to get out of it, you
- 22:34know what I mean? I mean, that was the
- 22:35target. I said that was the target from
- 22:37the from the get-go.
- 22:41Imagine it hits target, I didn't have
- 22:43time to drop stop
- 22:44and then it just immediately runs the
- 22:46whole other direction like
- 22:48that would be kind of frustrating.
- 22:52So, yeah, we just had to get out of
- 22:54that. Look at that, dude.
- 22:56That's what I was scared about.
- 22:59That
- 23:01is what I was scared about.
- 23:05Okay, well, now we have some pro- now we
- 23:06have some profits we can play with.
- 23:09We may potentially size
- 23:12slightly heavier
- 23:14depending on if we see another
- 23:16opportunity. That was very early in the
- 23:18session, so
- 23:19I think I entered in somewhere
- 23:22around here.
- 23:24Yeah, it was like 60 points, probably.
- 23:28So.
- 23:33So,
- 23:35now we wait. Did anyone catch that? I
- 23:37know that was kind of um
- 23:40I was in the middle of talking and then
- 23:41I had to lock in really fast cuz I saw
- 23:43this happening.
- 23:47Targeted London lows. We got London
- 23:50lows.
- 23:52Cool.
- 23:53Now we wait.
- 23:55Thank God we got out of that.
- 24:0060 points, that's what's up, blob.
- 24:10You weren't convinced. Yeah, that's all
- 24:11right. It's kind of sketchy trading um
- 24:14market open. But again, the only reason
- 24:16why I took that
- 24:19is because
- 24:22I'm I was trying to see when we're
- 24:24pushing up like this,
- 24:26I'm trying to see if we're actually
- 24:27going to have acceptance, meaning that
- 24:30like
- 24:31when this candle was pushing up and I
- 24:32mentioned that there was still a lot of
- 24:33time left in the candle,
- 24:36I did say that if it does flip bearish
- 24:38that it could be a pretty good
- 24:39opportunity to try and short it.
- 24:42So, we're pushing up, pushing up. We
- 24:43begin to stall. All of the transa- You
- 24:46see the POCs right here in this candle,
- 24:47right? So,
- 24:49this is where all the you know, business
- 24:51was kind of concentrated. We did sweep
- 24:54highs, so we took all-time high.
- 24:57And then when we came down, it wasn't
- 24:58like a gradual um
- 25:01Like I looked over at chat and I looked
- 25:03back and it was red. I was like, "Whoa,
- 25:05what the fuck?" So, I just
- 25:08followed it.
- 25:09Because [clears throat] we were at least
- 25:10going to come down and take this in my
- 25:11mind. So, if I was able to get in here,
- 25:15we were probably going to push deep
- 25:16enough where I could have just moved to
- 25:17break even.
- 25:21But yeah, so kind of a faster scalp.
- 25:23Probably should have sized heavier, but
- 25:25it required a pretty large stop because
- 25:27this wick was so huge.
- 25:29I think I got in somewhere over here, so
- 25:32yeah.
- 25:33I had to go three micros for that.
- 25:38So, now we are going to see
- 25:41if we are about to just chop in between
- 25:43these two wicks,
- 25:46which I really hope we don't do,
- 25:50or if we actually go somewhere and do
- 25:52something.
- 26:02We do have news though at 10:00 a.m.
- 26:04Eastern, so
- 26:06we may need to wait. And [music] also,
- 26:10for people in the chat,
- 26:12there were a couple of you who took a
- 26:13trade
- 26:15right at the news candle.
- 26:19Okay, I'm going to tell you right now.
- 26:21There is news coming out in 18 minutes.
- 26:28Please be aware of that.
- 26:37Oh, the gifts are working.
- 26:40Did you fix that, Eddie?
- 26:45I just realized that the gifts are
- 26:46working.
- 26:52Now, I can see them.
- 26:57Wait, try it.
- 26:58Oh, you downloaded that one?
- 27:00Oh, no, they're not working.
- 27:04Oh, no.
- 27:08So if we're going to continue with this
- 27:10selling pressure right now, I'm looking
- 27:12for us to start making our way down
- 27:14towards
- 27:15um
- 27:17at least Asia lows and then
- 27:21potentially towards 30,600.
- 27:37I know, we got to
- 27:38we got to fix
- 27:40I got to fix that. I'll fix it later.
- 27:43I don't know how to fix it.
- 27:59I don't know, I'm going to have to look
- 28:00into it.
- 28:02I don't know why
- 28:04they're not working.
- 28:06All right, anyways, let's pay attention.
- 28:10We're getting some good volume today,
- 28:12though.
- 28:14You guys can't see it cuz my P&L's in
- 28:16the way or my account balance is in the
- 28:18way.
- 28:19Oh, no, you can see it.
- 28:2269, 71
- 28:24getting a pretty strong push. We just
- 28:26took Asia lows.
- 28:27So at this point, what I'm watching is
- 28:30I'm watching this area. All right.
- 28:33So
- 28:35if we push into this area
- 28:38I'm looking to see
- 28:41whether or not
- 28:43we're going to essentially bounce.
- 28:47In the event that we kind of stall and
- 28:49push below it or just rip through this,
- 28:53then at that point
- 28:55we may there may be a low-hanging fruit
- 28:58continuation to try
- 29:03What is that? Is Was there news right
- 29:05now?
- 29:09Okay.
- 29:11Yeah, I was like
- 29:12the opening of that candle I was like,
- 29:13"What the hell is happening?"
- 29:15So anyways, if it if it starts to rip
- 29:17through here, there may be a
- 29:18continuation opportunity for us to take
- 29:21the overnight lows that are sitting
- 29:24around 30,561.
- 29:27But I
- 29:28it would be a pretty quick scalp. I'm
- 29:31kind of um
- 29:34I'm going to be pretty deep at this
- 29:35point.
- 29:37So
- 29:41and we're right around the area where
- 29:43I'm going to be watching
- 29:45footprint. You know, I'm trying to see
- 29:46if we're really going to push lower,
- 29:49if we're going to you know, kind of mess
- 29:50around in here, if we're going to stall
- 29:52a little bit, if we're going to
- 29:53potentially bounce. This is kind of the
- 29:54decision area for me today.
- 30:00So, looks like we're ripping through it.
- 30:04There actually may not be an opportunity
- 30:05for me to scalp these uh
- 30:09scalp it to the lows.
- 30:40You know, we'll probably just let it go.
- 30:42Unless we don't take these lows.
- 30:46So, if it's just going to run the lows
- 30:48right now, then just, you know, it's
- 30:49like 10 points away.
- 30:52But, if it comes up back towards HVL
- 30:55and buyers are failing to push it hard
- 30:56and we begin slamming back down, I'm
- 30:58going to actually short it if we don't
- 30:59take it before we do that.
- 31:04But, it looks like we're probably just
- 31:05going to run it right now.
- 31:16I wish we could have just gone one of
- 31:17these, one of
- 31:19I wish it would have just done this
- 31:21right here instead of doing that.
- 31:24Wish it would have just went.
- 31:29All right.
- 31:36So, this is a pretty good pullback.
- 31:39I'm looking for us to actually get below
- 31:40these lows.
- 31:42Start pushing down towards
- 31:48Honestly,
- 31:53maybe around like just under 500.
- 31:5630,000
- 32:01470
- 32:0330,400
- 32:05I don't know, we'll see. We'll see how
- 32:06this candle closes. If this creates a
- 32:08nasty wick back up.
- 32:17I just can't really
- 32:19It's just dumping. I can't chase it.
- 32:21Can't really chase it.
- 32:24I'm happy we at least caught like 60
- 32:26points of this though, to be honest.
- 32:27Like, yeah.
- 32:29You know, we kind of did just drop 200
- 32:31points.
- 32:34We shorted it up here.
- 32:37Um
- 32:41All right, but you know what we caught
- 32:42we we caught something of it. At least
- 32:44it was something.
- 32:46Instead of nothing.
- 32:51This is great though. You know, this is
- 32:52giving me this is one of those days
- 32:54that's giving me more hope that we're
- 32:55actually getting away from all-time
- 32:56high.
- 32:59But usually I don't know. I hope we
- 33:01don't just like rip back up.
- 33:07Things will start to get pretty
- 33:08interesting if the hourly begins to come
- 33:11down here towards these lows.
- 33:17And take some out.
- 33:38So we're
- 33:39pushing the put wall is currently
- 33:41sitting for me at 30,450.
- 33:45So I'm going to see
- 33:47when we push um
- 33:51You caught previous value area low
- 33:54rejection.
- 33:58When we when we push back up into it and
- 34:00dropped or what do you mean?
- 34:03Cuz I know you didn't I know you didn't
- 34:04go long.
- 34:05Otherwise you would have
- 34:07gotten violated.
- 34:13Dude, what a nice drop down.
- 34:20Oh, on ES.
- 34:22Very nice.
- 34:29So we took out these lows.
- 34:30I'm watching to see if we're going to
- 34:31continue towards 450.
- 34:42Yeah, what a nice sell-off, dude.
- 34:43Honestly, this is a This reminds me of
- 34:46like
- 34:48NQ before March.
- 34:51The good days.
- 34:53NQ before all all of the bomb threats
- 34:55started happening.
- 34:59It's the NQ that I like.
- 35:01It's back.
- 35:02For now, for today.
- 35:06We have a lot of volume and
- 35:08participation this morning, which is
- 35:10great.
- 35:13Yeah, we needed that. I was
- 35:15I was getting sad.
- 35:18I was getting sad a little bit.
- 35:22NQ was feeling
- 35:24New York session was feeling washed up
- 35:26for for a little while.
- 35:31The overnight was becoming the star of
- 35:32the show.
- 35:33But I'm sleeping during that time.
- 35:47So, we'll see. ES took previous daily
- 35:50low.
- 35:53I want to see what happens when we push
- 35:55back up towards HVOL.
- 36:03Cuz we're seeing some buying aggression
- 36:04stepping in right now.
- 36:06The 15-minute hasn't closed. We have
- 36:08news at 10:00 a.m., so I want to see
- 36:13if we're actually going to close above
- 36:16it on the 15-minute and potentially even
- 36:19flip bullish on the 15 before
- 36:23um
- 36:24you know, the the 4-hour open and the
- 36:26news.
- 36:28If we don't
- 36:30and we like push back up in a HVL and
- 36:32we're kind of
- 36:34struggling and we begin to kind of
- 36:35rotate lower again,
- 36:37um
- 36:39then we could potentially
- 36:40try another short opportunity, but we'll
- 36:43see. Cuz this is a this is actually
- 36:45pretty strong right here.
- 36:49It's actually really strong.
- 36:50And it's causing a really nasty wick on
- 36:52the 15-minute.
- 36:58Um you can look at Gurpreet, you can
- 37:01look at
- 37:02uh Forex Factory or Financial Juice. I
- 37:04personally use Financial Juice.
- 37:06I believe today's PMI.
- 37:12Which is in 7 minutes.
- 37:15So I
- 37:16yeah, I typically don't like to be in a
- 37:18position either right before news or
- 37:22like at news, right? I like to just kind
- 37:24of wait for it to
- 37:26do its thing for a second. Unless I'm
- 37:28already holding a position, then I'll
- 37:29I'll just hold it through news. I really
- 37:31don't care.
- 37:32I just
- 37:34don't want to
- 37:36get wrecked by a news candle. I've been
- 37:38wrecked by news candles
- 37:40plenty of times.
- 37:46How big is this? Wow.
- 37:52That's pretty big. 130 points in a
- 37:555-minute candle.
- 38:02Dude, imagine if we just run it right
- 38:04back up to all-time high. I would
- 38:06actually be kind of disappointed
- 38:09to be honest.
- 38:30>> I mean it's possible though.
- 38:36We're pushing back into the H below. I'm
- 38:38trying to see how the 15's going to
- 38:39close.
- 38:45We kind of pushed back up into it and
- 38:47then we're dropping a little bit off of
- 38:49it.
- 38:54I want to see if we're going to hold
- 38:56below it.
- 38:58Because then we could just potentially
- 38:59be rotating.
- 39:02Or continue this move, I mean.
- 39:05Towards 450.
- 39:12The volatility, we have enough
- 39:14volatility for me to use smaller size
- 39:16like three micros. Um
- 39:18maybe five micros if I get a good entry.
- 39:22Then we could probably get this uh
- 39:24balance up
- 39:25past
- 39:292K.
- 39:30I'm honestly going to take a pretty
- 39:31small payout on this account just to put
- 39:34myself cuz I haven't purchased any evals
- 39:36this month.
- 39:37So I'll probably take a pretty small
- 39:38payout for like a thousand or something
- 39:41on this account.
- 39:43Um
- 39:46just so I have some money to buy some
- 39:47evals and then I have that other funded
- 39:49account with that $4,400 balance which
- 39:52I'll probably take a payout on it
- 39:53tomorrow.
- 39:56For like two grand, 2200.
- 40:01Dang.
- 40:06Oh, I thought you went long down there.
- 40:15That's a good entry, though.
- 40:27I'm going to wait. I got to wait for
- 40:28this uh
- 40:30news candle 4-hour open.
- 40:34Then we'll see what it does.
- 40:37Right now, though, it's looking like
- 40:38we're struggling to get back above HVL.
- 40:40We could potentially just
- 40:43drop down, push up, stall, stall, stall,
- 40:47maybe one push and then drop, or even no
- 40:49push and just drop and then 450.
- 40:58It's just whether or not I get an entry
- 41:00for that or not.
- 41:13So, we will see.
- 41:36>> [snorts]
- 41:48>> Yo, actually, I'm curious. Are you guys
- 41:51in the Discord? I I have like music
- 41:54playing on uh the YouTube. Does it show
- 41:57up on the Discord or not?
- 41:59Does it come through on the Discord or
- 42:01no?
- 42:02Okay.
- 42:05I have to share my screen.
- 42:13Dude, I think you have this uh
- 42:20Is it
- 42:20>> [laughter]
- 42:21>> Yo Bazooka, is it the the sound that's
- 42:24like just
- 42:26It's like the waiting the lobby
- 42:28the lobby
- 42:29um
- 42:30state the stage music.
- 42:35Uh mentor Q H V L at 30,660,
- 42:39where is yours?
- 42:42It's a zone.
- 42:44So, H V L is kind of a zone.
- 42:46>> [music]
- 42:46>> It's between 660 and uh 530.
- 42:56I treat it I treat it as a zone at
- 42:57least.
- 42:58>> [snorts]
- 43:00>> And I believe I I do believe H V L
- 43:02should be treated as a zone.
- 43:05Realistically, majority of these levels
- 43:06should be treated as zones and not just
- 43:08single lines.
- 43:17But yeah, 660 right here.
- 43:20Like if you see this this blue area
- 43:22right here
- 43:24is basically like H V L.
- 43:55All right, let's see what this candle
- 43:56does.
- 44:15>> If we see a strong push up right now or
- 44:17a strong attempt to push up right now
- 44:19back into the HBL and a failure, I might
- 44:21just try and short it.
- 44:35Yeah, ATR on the 5-minute, put it above
- 44:38and below. Yeah, that's actually a
- 44:39pretty good idea.
- 44:42It's a great idea, actually.
- 44:50Yeah, not a fun thing to listen to when
- 44:52you're losing money, I bet.
- 44:55And the uh
- 45:03Hold on.
- 45:06Let's see.
- 45:14I just I'm trying to see right now if
- 45:15we're about to just actually shoot back
- 45:17up
- 45:18or if this is just a going to be a
- 45:20failed attempt before we go make another
- 45:23low.
- 45:26Cuz even if I wait down here,
- 45:2950 point
- 45:31I mean, that could be
- 45:34100 points.
- 45:40We will see.
- 46:01I'm going to mark it up.
- 46:04>> What is it? 6:15?
- 46:09>> We'll make it blue.
- 46:35Oh, what up, Easy?
- 46:37I didn't know you're in the chat.
- 46:41Very nice.
- 46:45Yeah, uh
- 46:46Bazooka, it's this.
- 46:48Right?
- 46:53Yep, I have it up on my other screen.
- 46:56What this one is showing is it's showing
- 46:58Delta, right? So, it also has cluster
- 47:01search, so it helps identify absorption
- 47:03because
- 47:05you're looking at Delta at the in the
- 47:06extremes,
- 47:08right? So.
- 47:10It's pretty good.
- 47:14Yeah, I like it a lot.
- 47:16It's up on my other screen. So, like
- 47:18whenever I'm looking at this one,
- 47:20I'm watching the volume.
- 47:23I'm seeing where transactions are
- 47:24happening.
- 47:25And then the other one is I'm looking at
- 47:27like if you ever see me kind of like
- 47:29looking around, I'm looking at this one.
- 47:31It's um
- 47:33showing me whether that this partic- cuz
- 47:36this is just showing volume, right? So,
- 47:37it's showing me whether the
- 47:38participation is
- 47:40aggressive buying or aggressive selling,
- 47:41right?
- 47:43And that matters, of course, when it
- 47:45comes to
- 47:47absorption.
- 47:51>> You are
- 47:56You are
- 48:02>> Did you uh
- 48:03Yo, Easy, did you do this?
- 48:06Is it Is this what we're looking at?
- 48:18It would have been a fire entry.
- 48:30Yeah, I was
- 48:33Yeah, that would have been pretty fire
- 48:34though.
- 48:35With the Dakota.
- 48:37The Dark Pool Dakota.
- 48:54Um, honestly, Easy, last month was like
- 48:57the worst month I've had in a super long
- 48:59time.
- 49:01So
- 49:03Nope, but
- 49:07Yeah, I just like I got distracted. I
- 49:10just I tilted. I was trading a live
- 49:12account for like half of the month.
- 49:19It was just like It was just a bad
- 49:21month, honestly.
- 49:23But we're we're getting back on it. We
- 49:24got
- 49:27We have three funded accounts right now,
- 49:29but I haven't been trading the other
- 49:30one. The other one's a 25K. I kind of
- 49:33regret getting that in the first place
- 49:35because you still need to make $200
- 49:37days, and they have a $500 daily loss,
- 49:40so that instantly makes it a dog [Â __Â ]
- 49:42account, to be completely honest.
- 49:45So I just I'm It's kind of just sitting
- 49:47there.
- 49:48Um
- 49:49But then I have this one. I have the 5
- 49:51days on it, but I've been using small
- 49:53size, so the balance is relatively low.
- 49:56Or it's pretty low. It's below 2,000.
- 49:59And then um
- 50:00I have
- 50:02this account.
- 50:05Um
- 50:08which is a funded account sitting at a
- 50:10$5,400 or $4,400
- 50:13$4,400 balance.
- 50:16Which I'll probably take a payout on
- 50:17tomorrow.
- 50:18So
- 50:21I'll probably take two payouts this week
- 50:23as long as I just don't like
- 50:25mess it up.
- 50:29I need to see if we're actually going to
- 50:30accept above HVL right now if we're
- 50:32going to just
- 50:33slam back below it. We see sellers
- 50:35trying to step in, but they're not
- 50:37really
- 50:38It's not super large selling.
- 50:41But they are kind of present.
- 50:45But they're failing to push it back
- 50:46lower, so we may just
- 50:50got to be careful.
- 50:53Got to be careful.
- 51:03It would be pretty crazy if we got this
- 51:05V-shape recovery from the overnight and
- 51:08then we just do it again on a bigger
- 51:09scale during New York.
- 51:16I hope not. I hope we I hope we actually
- 51:17go lower.
- 51:19So that we can get away from all-time
- 51:21high.
- 51:52>> Also want to make sure we're not about
- 51:54to just chop right here.
- 52:01And start consolidating like
- 52:03big drop down, little bit of recovery.
- 52:08And then just [Â __Â ]
- 52:11I hope we don't do that.
- 52:26Are you still holding that short, Dame?
- 52:38Hope it Hope it works out for you.
- 52:47Am I on X? Um I don't really post on it.
- 52:56Honestly, I I'm kind of not really on X
- 52:58that much because
- 53:02I just noticed it's just a bunch of
- 53:04people who just kind of like It's just a
- 53:05bunch of traders who just kind of hate
- 53:07on each other.
- 53:09And it's just a bunch of people posting
- 53:10profits and then like
- 53:12talking about how how how cool they are.
- 53:16And then they hate on the other people
- 53:17who do the same thing that they're
- 53:18doing.
- 53:21So I don't really use it.
- 53:23I feel like the X
- 53:25trading community is kind of like
- 53:28toxic.
- 53:34Watching this area.
- 53:43But no, I mean I have an account. If you
- 53:44want to go follow me, it's Thrax Trades.
- 53:47Although, you're probably not going to
- 53:48see me post a lot on there.
- 53:56I post I would do most of my posting on
- 53:58Instagram and YouTube.
- 54:20Yeah, I mean I'm sure eventually like if
- 54:22I continue to post content and stuff,
- 54:24you know, there's going to be people who
- 54:25like
- 54:27I don't know. I mean dude, I don't do
- 54:29anything realistically that
- 54:32should piss anybody off. I mean
- 54:36I literally just trade.
- 54:38I live stream.
- 54:41I don't lie about anything. I show how
- 54:43much money I spend on prop firms.
- 54:45You know, I have a bad month, right? I I
- 54:47just had a bad month in May. I literally
- 54:49make an entire video about how bad it
- 54:51was, you know.
- 54:54You're going to hate on me for like just
- 54:55telling the truth, you know what I mean?
- 54:56It's like, okay.
- 54:58So, I don't really I don't really know
- 54:59what anyone would be able to hate on me
- 55:01about, but
- 55:04it'll probably happen anyways.
- 55:07>> [clears throat]
- 55:07>> But it's okay. You know, most traders at
- 55:09the end of the day, most traders are
- 55:10miserable and they just hate on each
- 55:11other because most people don't actually
- 55:13make money trading. So, then the way
- 55:15they make themselves feel better is they
- 55:16just hate on the next person.
- 55:19If you've ever noticed, you know, people
- 55:20who are doing well for themselves are
- 55:21people who
- 55:24you usually don't see them hating on
- 55:25other people, but
- 55:29unless you're just a hater.
- 55:31Unless you're just a hater, you just
- 55:32like to hate.
- 55:35I don't know.
- 55:42But yeah, the majority of the time it's
- 55:43like
- 55:45you know, we're in an industry where,
- 55:46you know, everyone likes to act like
- 55:47they they make a lot of money or
- 55:49everyone's winning, but they're
- 55:50obviously not. I mean, Topstep is not a
- 55:51billion-dollar business because of
- 55:53winners, right? So
- 55:55>> [laughter]
- 55:56>> you know, if you ever talk to another
- 55:58trader
- 56:00there's a probably a pretty good chance
- 56:02that they kind of suck. Um just if we're
- 56:05talking numbers-wise.
- 56:07And then you see like two losing traders
- 56:09like hating on each other. It's like
- 56:10both you guys are losing, what are you
- 56:11arguing about?
- 56:16Or then you'll see gurus hitting on
- 56:18another guru.
- 56:20One guy will be like, "Oh, you're
- 56:21selling a course." And then like the
- 56:23other guy's selling his Discord. It's
- 56:24like you guys are doing the same thing.
- 56:26But you're hitting on each other.
- 56:31It's pretty funny, honestly.
- 56:33But yes, there are a lot of scammers in
- 56:35the trading industry. I'm sure you guys
- 56:37are obviously aware there's people who
- 56:39literally don't pull payouts, they don't
- 56:41make any money, they're not transparent
- 56:43about anything. They just like
- 56:45basically take affiliate money, they run
- 56:48through a bunch of evals, and then they
- 56:52um
- 56:54catch a big day, and then they'll post
- 56:56it and be like, "Look at me, join my
- 56:57Discord." You know what I mean? And then
- 56:59like they get people they really don't
- 57:00know what they're doing, and they really
- 57:02don't know anything about trading
- 57:04realistically, and then they're
- 57:06um
- 57:07selling people stuff.
- 57:09So obviously like yeah, those people
- 57:11deserve to get hated on
- 57:13because there's they're basically
- 57:14frauds,
- 57:16right?
- 57:17Or anybody who like paper trades, right?
- 57:19And then tries to
- 57:21um
- 57:23show that off or like
- 57:25you know, I'm sure when you guys go look
- 57:27at people's posts on on
- 57:30on social media platforms for whatever
- 57:32reason, you know, they don't like to
- 57:34show
- 57:35what it what it account it is, you know
- 57:38what I mean? So, a lot of times people
- 57:39are just flexing like eval profits,
- 57:41especially if you see people who are
- 57:42doing like huge copy trading, where
- 57:45they're like, "Oh, made 27k today." I
- 57:47remember back 2 years ago when I was
- 57:49working this job and my life changed.
- 57:51Never give up. Like, all that [Â __Â ]
- 57:52It's like, "Brother, you're trading
- 57:53evals, you know what I mean?" Some of
- 57:55them
- 57:56don't.
- 57:57Some of them are actually, you know, we
- 57:58got some beasts.
- 58:00There's some
- 58:03No, not Jeron. Jeron's Jeron's a beast,
- 58:05dude.
- 58:06I think I think Jeron's a beast, to be
- 58:09completely honest.
- 58:11I don't think he
- 58:13I mean, I don't know him that well.
- 58:15But, I think he's a beast from what I
- 58:16see.
- 58:19>> [snorts]
- 58:20>> There's plenty of great traders. Like,
- 58:23there are plenty of great traders.
- 58:28Oh, he makes money outside his live
- 58:30trading. Well, dude, I do that, too.
- 58:32Like,
- 58:33I do that, too. It's not intentional,
- 58:35though.
- 58:36You know, it's like dude, I don't know
- 58:38how many times I will literally end
- 58:40stream
- 58:41and then like, I'm like, "All right,
- 58:43guys, market's not doing anything.
- 58:45We're pushing right now. There's nothing
- 58:47for me to trade right now. I'm going to
- 58:49wait until we start
- 58:51This is crazy if we're going to V-shape
- 58:53this right now. But, um
- 58:56you know, sometimes the market won't be
- 58:57moving and then I'm just like, "All
- 58:59right, guys, I'm getting off." And then
- 59:00the moment I get off stream, we just
- 59:02start making a move. What am I going to
- 59:04do? Start the stream again? Like, Nah,
- 59:06I'm just going to take trade.
- 59:10Oh, damn, that sucks. Sorry, bro. Yeah,
- 59:13we're play we're we're seeing um buying
- 59:14pressure step in. We're pushing pretty
- 59:16hard, so
- 59:17as long as we
- 59:19you know, if we get back up here,
- 59:23um there's a pretty good chance we're
- 59:25actually going to continue up. And if we
- 59:28do then I'm watching up here at the
- 59:2930,865 but
- 59:38we'll see if there's any
- 59:42opportunities.
- 59:45Although I you know we're already up 60
- 59:46points.
- 59:49We made like $400 with
- 59:51three micros.
- 59:58Volume is great right now. Price
- 1:00:01action's moving pretty clean, very
- 1:00:03minimal chop.
- 1:00:05Potential opportunities
- 1:00:08are here.
- 1:00:09We just got to wait for the right one.
- 1:00:14But yeah, moral of that story or moral
- 1:00:16of that topic though is that there's
- 1:00:17plenty of great traders out there.
- 1:00:20Um
- 1:00:21and then there's a bunch of frauds and
- 1:00:23you know what like if you really just
- 1:00:24used your brain a little bit and like
- 1:00:26kind of just did a little bit of some
- 1:00:27critical thinking it's not that
- 1:00:29difficult to figure out who's legit and
- 1:00:30who's not especially if especially if
- 1:00:32you've been trading for a while.
- 1:00:34If you're a beginner
- 1:00:36uh it might be easy to get fooled.
- 1:00:39But you know if you've been doing this
- 1:00:41for a little while it's pretty easy to
- 1:00:43tell.
- 1:00:45Because like like I could do this right?
- 1:00:48I could not live stream
- 1:00:50or I can live stream every day and be
- 1:00:51like
- 1:00:53oh we don't see any setups or whatever
- 1:00:56and then like you guys just see me sit
- 1:00:57around here and then like don't really
- 1:00:59take trades on fundeds or maybe just
- 1:01:01trade evals and then like in the
- 1:01:02background I'm just like
- 1:01:05rook trying to record a short where I
- 1:01:08catch a really big trade. I blow one
- 1:01:10funded, I blow two fundeds. I have a
- 1:01:12bunch of fundeds cuz I keep full porting
- 1:01:13evals and then finally I catch a good
- 1:01:16trade on a funded account. I clip it, I
- 1:01:17post it on the internet and then I go
- 1:01:20check me out.
- 1:01:22Check me out.
- 1:01:25>> [snorts]
- 1:01:25>> So, it's pretty easy to manipulate.
- 1:01:28Or, I could spend $10,000 on fees and
- 1:01:31get $15,000 in payouts and be like, "Oh,
- 1:01:3315k month." No, it's not. You made five
- 1:01:36grand.
- 1:01:46So, just be careful.
- 1:02:12That's actually pretty crazy that we
- 1:02:13V-shaped this.
- 1:02:25Um
- 1:02:31>> [laughter]
- 1:02:34>> Any tips on how to speak to a woman?
- 1:02:38I guess just don't be weird, bro. Just
- 1:02:41Just Just talk.
- 1:02:43Don't say anything creepy.
- 1:02:50Yeah.
- 1:02:51Uh Did I live stream to prove I'm not a
- 1:02:54fraud? No.
- 1:02:55>> [laughter]
- 1:02:56>> No.
- 1:02:58I just
- 1:03:01Um
- 1:03:07Honestly,
- 1:03:08you know what live streaming helps me
- 1:03:10out with more than anything is like
- 1:03:12in creating content in general,
- 1:03:15is just
- 1:03:17not being a degenerate.
- 1:03:19Because look, [clears throat] I have
- 1:03:20There's not a ton of people watching me,
- 1:03:22right? Like there's 30 people in
- 1:03:23Discord.
- 1:03:24There's 30 people on YouTube.
- 1:03:28Imagine I do some stupid [Â __Â ] right? I
- 1:03:30look like an idiot. Like let's say I
- 1:03:31have I do take a dumb trade or I full
- 1:03:34port or whatever.
- 1:03:35And it goes wrong. I I would look like
- 1:03:37an idiot.
- 1:03:38Um and obviously my goal is not to look
- 1:03:40like an idiot.
- 1:03:42So
- 1:03:44kind of
- 1:03:46Regardless of whether you guys whether
- 1:03:47you guys know it or not, you guys kind
- 1:03:49of hold me accountable to not be an
- 1:03:51idiot because it's really easy to just
- 1:03:52be a degenerate behind closed doors. I'm
- 1:03:54sure you all know that.
- 1:03:58So when all my mistakes are broadcasted
- 1:04:00to 60 people
- 1:04:04it uh
- 1:04:05makes me think twice about making a
- 1:04:07stupid decision.
- 1:04:08Which is which helps. Although sometimes
- 1:04:11live streaming is distracting.
- 1:04:14Cuz I'll be answering a question and
- 1:04:15then something's happening like what was
- 1:04:17happening this morning and I might miss
- 1:04:18it. But that's my fault.
- 1:04:22This indicator This indicator is showing
- 1:04:25this.
- 1:04:28It's camel levels.
- 1:04:47Nah, you're good, Mitchell.
- 1:04:49It's not your guys's fault.
- 1:04:55Cuz I got to be paying attention.
- 1:04:57What's the What's the point of me live
- 1:04:58streaming? It's to live stream me
- 1:05:00trading, not to press, you know.
- 1:05:02Obviously there's a lot of times where
- 1:05:03I'm just waiting, so I just like talk.
- 1:05:06And it's better if you guys just so it's
- 1:05:08not like silent and boring.
- 1:05:10Because realistically when I'm not
- 1:05:11streaming, I'm just sitting here playing
- 1:05:13Clash of Clans
- 1:05:15or
- 1:05:16or like doom scrolling.
- 1:05:25I'm usually silent obviously cuz I'm not
- 1:05:27talking to myself.
- 1:05:29Uh
- 1:05:34I think what I'm going to do right now
- 1:05:35is if we are going to V shape back up.
- 1:05:44I can't trade the middle of this range.
- 1:05:47If we dip back down towards HPL and
- 1:05:49start curling back up, I could
- 1:05:50potentially take a long.
- 1:05:54But if we keep doing this straight shot
- 1:05:55up
- 1:05:56Um
- 1:06:00I might wait until we get back above
- 1:06:04or back towards the open.
- 1:06:20Wait Panama, are you talking about
- 1:06:23me when I blew 15k in funded accounts?
- 1:06:35Cuz I did do that.
- 1:06:38Not like 15k in fees, just 15k balance.
- 1:06:41Oh yeah, no I did. I had like a 8 grand
- 1:06:44payout that was basically ready to pull
- 1:06:46out and then I messed it up on the last
- 1:06:48day. That was at the very beginning of
- 1:06:50March.
- 1:06:53It was like six fundeds, dude.
- 1:06:55Six or seven fundeds or something.
- 1:06:59Uh AR trades, what are clusters are you
- 1:07:02talking about? You're just talking about
- 1:07:03footprint. I don't use Ninja Trader so I
- 1:07:05don't know how their footprint is.
- 1:07:10Alpha, you're asking me if any of my
- 1:07:13trading models and risk management can
- 1:07:15pass you an eval in 2 months without
- 1:07:18breaching it?
- 1:07:20What do you want to guarantee?
- 1:07:22You want me to guarantee you that you
- 1:07:24can
- 1:07:26I mean, dude, I can't.
- 1:07:29I can't guarantee that you're not going
- 1:07:31to blow an account.
- 1:07:35My trading models and my risk management
- 1:07:38is how I trade.
- 1:07:40Works for me.
- 1:07:42With
- 1:07:43most times.
- 1:07:51I mean, the the main thing is whether or
- 1:07:52not you're actually going to just
- 1:07:54if you have a system or a framework, if
- 1:07:55you're going to follow it. Most people
- 1:07:56just don't follow it. That's their
- 1:07:58issue.
- 1:08:05Like, let's just say for example, we're
- 1:08:07sitting right here, right?
- 1:08:12Only gamblers took shorts today. What do
- 1:08:14you mean?
- 1:08:19What makes you say that?
- 1:08:22Aren't we all gamblers at the end of the
- 1:08:24day?
- 1:08:25Aren't we all gambling? Isn't that what
- 1:08:27this is?
- 1:08:28As much as everyone likes to try and
- 1:08:29dress it up in a different dress and be
- 1:08:31like, I'm not gambling, I'm trading.
- 1:08:33Okay, well, we're risking money for an
- 1:08:34guaranteed outcome. What is What is that
- 1:08:36called?
- 1:08:38We're in a probabilistic environment
- 1:08:39risking money for an unguaranteed
- 1:08:41outcome.
- 1:08:43Hmm.
- 1:08:45What is that called?
- 1:08:47I think there's a word for it.
- 1:08:50Might start with a G.
- 1:08:57There's just a difference between
- 1:08:58gambling at a casino and trading because
- 1:09:00obviously like
- 1:09:04you know what the odds are at a casino.
- 1:09:14And actually, if you're a bad trader or
- 1:09:17you just suck at this, you know, you're
- 1:09:18actually probably better off just going
- 1:09:20to the casino. You might have better
- 1:09:21odds.
- 1:09:29It is.
- 1:09:31Life's a gamble, right?
- 1:09:33Take a risk.
- 1:09:36Unguaranteed outcome.
- 1:09:39Is that An argument could be made for
- 1:09:41that, for sure.
- 1:09:45Yes, professional gambling.
- 1:09:56Okay, how about how about this, Panama?
- 1:09:57If you want to put 5K on black and hit
- 1:10:00me with a lawsuit, that's not going to
- 1:10:01hold up in court. I'll take it. And
- 1:10:03then, um
- 1:10:05if it does work out, I need 50% of your
- 1:10:07winnings.
- 1:10:15And I need you to live stream it.
- 1:10:24You don't consider it gambling because
- 1:10:25you can't go to the casino and not see
- 1:10:27set up and take no trade. Actually, you
- 1:10:30can.
- 1:10:31To a certain extent, you can play poker.
- 1:10:34As long as you're not uh small blind or
- 1:10:36big blind, you can take a look at your
- 1:10:38cards, see if you want to play them or
- 1:10:40not,
- 1:10:41and you can either fold them or call.
- 1:10:58Poker is probably one of the most is
- 1:11:00probably
- 1:11:02in terms of casino games the most
- 1:11:04similar to trading.
- 1:11:07But it's not the same thing.
- 1:11:17They're all pretty similar though.
- 1:11:20Poker, sports betting.
- 1:11:29Although I think trading is the best
- 1:11:30one.
- 1:11:41Dude, I know we're just kind of like
- 1:11:45every every drop that we've had has just
- 1:11:48been bought right back up. Even this
- 1:11:51one.
- 1:11:52When we did this one, I was thinking
- 1:11:54like, oh,
- 1:11:55you know, finally we're getting away
- 1:11:56from all-time high. This is a This is a
- 1:11:58big drop.
- 1:12:00Almost 400 points.
- 1:12:02But nope.
- 1:12:04Running right back.
- 1:12:07Look at this one.
- 1:12:11Almost 600 points.
- 1:12:15Nope. Just running right back.
- 1:12:17So like at this point, you know, when
- 1:12:18we're doing this,
- 1:12:21it's kind of just a good idea to treat
- 1:12:25pullbacks as just like
- 1:12:27potential buying opportunities.
- 1:12:36Yeah, that's that's true.
- 1:12:39Counting cards.
- 1:12:45Cuz it does have to do a lot with risk
- 1:12:47management.
- 1:13:00>> Dude, I used to before I was before I
- 1:13:02used to trade, I used to gamble all the
- 1:13:04time.
- 1:13:11I actually don't gamble at at all
- 1:13:13anymore. I well
- 1:13:14All right, hold on.
- 1:13:17Yeah, I do.
- 1:13:18It's called I I trade the Nasdaq. I
- 1:13:21trade Nasdaq, I trade gold. But
- 1:13:25ever since I started trading, I stopped
- 1:13:26going to the casino.
- 1:13:35My biggest win?
- 1:13:37What at the casino?
- 1:13:41My biggest win at the casino is walking
- 1:13:42away with free drinks. That's it.
- 1:13:50I usually I usually lose all my money.
- 1:13:53Unless I'm playing poker.
- 1:13:59Like dude, there was one time I don't
- 1:14:00know if you guys ever go to the casino,
- 1:14:02right? But
- 1:14:05I'm I'm I'm just so you guys know what
- 1:14:07I'm doing. I'm waiting here right now to
- 1:14:09see if we're going to get back above
- 1:14:10like 760 area. Um
- 1:14:13and I'm going to be watching to see what
- 1:14:14happens.
- 1:14:16But there was one time at the casino
- 1:14:18where
- 1:14:20I I like to play uh crapless bubble
- 1:14:22craps.
- 1:14:24You know, you basically just take a
- 1:14:25hundred, you
- 1:14:26put it across all the numbers, and you
- 1:14:28just keep pressing your bet and like
- 1:14:31like hitting the hitting the thing for
- 1:14:34crapless bubble craps.
- 1:14:35The dude, there's been multiple times
- 1:14:37I've taken a hundred or two hundred
- 1:14:38dollars and ran it up to like, you know,
- 1:14:40um
- 1:14:41two grand, four grand, and then I just I
- 1:14:43just don't stop.
- 1:14:46I just don't stop, dude. I just think
- 1:14:48like tonight's the night.
- 1:14:50Tonight's the night. And usually alcohol
- 1:14:52is involved, right? Because
- 1:14:55I'm not going to the casino sober.
- 1:15:00At least, I mean, it's probably a good
- 1:15:01idea to go to the casino sober if you're
- 1:15:03actually trying to make money.
- 1:15:05You know, but usually I'm
- 1:15:08usually there's not really a scenario
- 1:15:09where I'm at the casino gambling
- 1:15:11hard-earned cash and I'm in a sober I'm
- 1:15:14You know what I mean?
- 1:15:15So, I usually just lose everything.
- 1:15:25Do I drive home after I'm 5K down and 10
- 1:15:28drinks in? Yeah.
- 1:15:30And I drive really fast.
- 1:15:34100 miles an hour
- 1:15:36through the Mojave through the through
- 1:15:37the desert.
- 1:15:41I know.
- 1:15:50And the main opportunity of this morning
- 1:15:52was definitely shorts, but I mean
- 1:15:55longs too, but they just weren't really
- 1:15:57in location for me.
- 1:15:59They were technically they kind of were.
- 1:16:06But I wanted deeper. I wanted it to be
- 1:16:08deeper.
- 1:16:11Although looking back this was probably
- 1:16:14deep enough
- 1:16:15after taking these lows.
- 1:16:20I just wasn't really convinced yet.
- 1:16:24Especially cuz we were below HVOL. I
- 1:16:25needed to see us get back above it.
- 1:16:29And now we're kind of just like
- 1:16:32going up a little bit.
- 1:16:37I would like us to just like kind of
- 1:16:40continue higher, but there's not really
- 1:16:44The most ideal scenario at this point
- 1:16:47would be for us to actually drop down.
- 1:16:50Sellers get absorbed and we start
- 1:16:51pushing back up and then go long.
- 1:16:56That would be the most ideal scenario.
- 1:16:59But I just
- 1:17:00I'm waiting
- 1:17:04to see it.
- 1:17:06What state am I from? I'm from
- 1:17:07California.
- 1:17:12I'm not based I know I'm not based in
- 1:17:13Vegas, but Vegas is not very far from
- 1:17:15me.
- 1:17:19It's about a 3-hour drive with no
- 1:17:20traffic.
- 1:17:26But I don't
- 1:17:30I wouldn't When I used to gamble all the
- 1:17:32time, I would go to um
- 1:17:35I would go to Indian reservations.
- 1:17:38Vegas is just like a rip-off, honestly.
- 1:17:43And they're losing a ton of money.
- 1:17:45I started recently seeing ads about
- 1:17:47going to Las Vegas. Never seen those
- 1:17:50before. So, they must be uh
- 1:17:53must be struggling if they need to do
- 1:17:54marketing.
- 1:17:56Cuz everyone knows what Las Vegas is.
- 1:17:57Every Even people that are not from
- 1:17:58America, they've heard of Las Vegas,
- 1:18:00right?
- 1:18:03I mean
- 1:18:05Yeah, SoCal.
- 1:18:20Panama, I have no idea what you're
- 1:18:21talking about.
- 1:18:26Dude, look at these Look at the hourly.
- 1:19:12>> Two-year trespass from Jerry's Nugget.
- 1:19:22I actually can't go to two casinos in
- 1:19:24Vegas.
- 1:19:27I can't go to
- 1:19:29the I forgot what it's called, the
- 1:19:30Golden the Golden Coast one, the white
- 1:19:32building.
- 1:19:34And I can't I can't go to uh Resorts
- 1:19:36World.
- 1:19:40Because my friend is an idiot.
- 1:19:43And everything was under my name, so.
- 1:19:47>> Yeah.
- 1:19:49But it's okay cuz those casinos suck
- 1:19:51anyways. I usually go stay at like the
- 1:19:52Cosmo.
- 1:19:54>> Yeah, the the ATR
- 1:20:00ATR 91 on what?
- 1:20:03Is my ATR messed up?
- 1:20:05Says it's 50.
- 1:20:18I mean, I'm sure it's probably closer to
- 1:20:1991 with these candles.
- 1:20:29Have Have you thought about using hourly
- 1:20:31POCs at rejection wicks as reversal
- 1:20:35points when price returns to them?
- 1:20:38Why yes, I have, sir.
- 1:20:41These are hourly candles.
- 1:20:43In RTH profiles.
- 1:20:48Yes, I have.
- 1:20:51South Point Casino.
- 1:20:54Oh wait, hold on. We might be dropping
- 1:20:56down where I want to take a long.
- 1:21:03If we push down back towards HPL or even
- 1:21:06just anywhere in this area.
- 1:21:10Preferably below this area. Oh great.
- 1:21:14I hope it continues down.
- 1:21:29No, not South Point Casino.
- 1:21:45It's It's called Gold Gold Coast Hotel
- 1:21:48and Casino.
- 1:21:49That one.
- 1:21:51Yeah.
- 1:21:54I'm sure I'm Did I honestly, I think I
- 1:21:56could That it's been years. I'm sure
- 1:21:57they probably forgot about it.
- 1:21:59But they did take my picture and take a
- 1:22:01picture of my ID and told me that I'm no
- 1:22:03longer welcome at their establishment.
- 1:22:05So,
- 1:22:07maybe they have like a file of it.
- 1:22:09But,
- 1:22:12I think I should probably be good.
- 1:22:19Okay, well,
- 1:22:20I was looking for us to basically do
- 1:22:22this, but deeper.
- 1:22:25And then I was going to try and go long.
- 1:22:28I don't want to do it I don't want to
- 1:22:29take that up here.
- 1:22:32So,
- 1:22:34kind of like yeah, at least past I was
- 1:22:36looking for that to happen at or at
- 1:22:38least a wick past this.
- 1:22:41A little deeper.
- 1:22:43But,
- 1:22:46also the call wall for
- 1:22:49um
- 1:22:55Hold on. Let me see. Am I tripping? Oh,
- 1:22:57no, it just moved back up there.
- 1:23:03Yeah.
- 1:23:08I don't know. We maybe just we might not
- 1:23:10take another trade. I was
- 1:23:13I was waiting.
- 1:23:19I need to get this balance above like
- 1:23:21two grand to take a payout at the bare
- 1:23:24literally the bare minimum.
- 1:23:31Oh, the trespass expires after 2 years.
- 1:23:33Okay, fire.
- 1:23:45Yeah, my friend made a scene at that
- 1:23:47casino.
- 1:23:49And the same friend made a scene at
- 1:23:51Resorts World.
- 1:23:53Resorts World.
- 1:23:57And honestly, like I told the manager at
- 1:23:59Resorts World to
- 1:24:01I let This is this whole story, dude,
- 1:24:03but basically I ended up charging them
- 1:24:04back a few thousand dollars. I did a
- 1:24:06chargeback.
- 1:24:09Dude, but I told him. I told the
- 1:24:11manager. I'm like, "Don't let him
- 1:24:12[Â __Â ]
- 1:24:13Don't This is my card. This is my ID.
- 1:24:16This is my reservation. Don't let this
- 1:24:17guy [Â __Â ]
- 1:24:19Oh, no, don't worry.
- 1:24:21The only person who can ever do anything
- 1:24:23is you because this is your reservation.
- 1:24:25Okay, great. And then I wake up to like
- 1:24:26a $3,000 charge.
- 1:24:29>> [snorts]
- 1:24:29>> Yeah, right, dude. Chargeback.
- 1:24:32Thank you, Amex.
- 1:24:33Charge it back.
- 1:24:38Allegedly not, dude. I told them.
- 1:24:42It happened a long time ago though.
- 1:24:43We're fine.
- 1:24:46Cuz it wasn't me.
- 1:24:47It legitimately wasn't me. I didn't make
- 1:24:49that purchase.
- 1:25:03Yeah, they do have the best support,
- 1:25:04honestly.
- 1:25:09But make sure that, you know,
- 1:25:10make sure you don't spend too much money
- 1:25:12and you can't pay them back cuz Amex
- 1:25:14will sue you.
- 1:25:15They're not like other creditors. Other
- 1:25:17creditors will let you like settle.
- 1:25:20Amex won't.
- 1:25:22They'll be on your They'll be on your
- 1:25:24ass.
- 1:25:26Take your ass to court.
- 1:25:32Yeah, they don't. No, they'll they'll
- 1:25:34get they'll
- 1:25:37They're not
- 1:25:38one of those ones.
- 1:25:46I'm still seeing if we're going to get
- 1:25:47that uh pulled back
- 1:25:51for a potential opportunity to go long.
- 1:25:55But
- 1:25:59it might not happen anytime soon.
- 1:26:02Might have to wait for the hourly to
- 1:26:04close.
- 1:26:10Which at that point I'd just be done
- 1:26:11trading.
- 1:26:26>> And I'm not trying to
- 1:26:29I don't want to force anything right
- 1:26:30now. That's kind of like
- 1:26:32subpar
- 1:26:34because
- 1:26:39I just I need to build the balance on
- 1:26:41this.
- 1:26:43So that I can take two payouts this
- 1:26:44week.
- 1:26:47Even if it's small cuz I need the money
- 1:26:49to start buying more. Like I need to use
- 1:26:51the profits of it to start buying more
- 1:26:53evals for the month.
- 1:26:57Which is really important.
- 1:27:01Cuz right now my money in money out with
- 1:27:03prop firms for June is zero and zero.
- 1:27:07So the goal is to start off in the
- 1:27:08green.
- 1:28:02What should we trade? Should we
- 1:28:06Should we slam four minis on this
- 1:28:07account?
- 1:28:13Get a payout.
- 1:28:20I might buy more of these accounts, but
- 1:28:21I don't think I'm going to do it on this
- 1:28:22platform.
- 1:28:26Pretty good though. First payout on a
- 1:28:2850k is 3 grand, second payout is 4
- 1:28:30grand.
- 1:28:32Third payout is 5 grand.
- 1:28:36So, it actually it actually makes sense
- 1:28:37to build a balance in it.
- 1:29:00Okay, we're going to get it now.
- 1:29:16In the meantime.
- 1:29:50Where are we at?
- 1:29:52Where's everyone at?
- 1:30:24>> Yeah, it is pretty slow right now.
- 1:30:52It's maybe the sign for us to just
- 1:30:58potentially call it a day.
- 1:31:08378
- 1:31:11on two micros on the initial short. 378
- 1:31:15ticks, nice.
- 1:31:18One more day and you pass the 25k.
- 1:31:21Very nice.
- 1:31:24Don't mess it up.
- 1:31:31934
- 1:31:36566
- 1:31:40Yeah, it did go pretty fast. I almost
- 1:31:42missed it, too.
- 1:31:49My trade look like My trade look like
- 1:31:51this.
- 1:31:58>> [laughter]
- 1:33:13>> Okay, if it comes down
- 1:33:18I'm potentially watching this area.
- 1:33:21This area.
- 1:33:33If it doesn't get down there,
- 1:33:39then we'll just stop.
- 1:33:53We're getting pretty close to the hourly
- 1:33:55open though, which is
- 1:34:08what I'm going to pay attention to.
- 1:35:25Mhm.
- 1:35:31Did your runner get stopped out or hit
- 1:35:33TP?
- 1:35:35On what?
- 1:35:37Oh, no. I just I got out of it the
- 1:35:38moment we
- 1:35:40Man, this thing's just going to I wanted
- 1:35:41it to go lower.
- 1:35:43Um
- 1:35:45I got out at London lows
- 1:35:47for like 60 points.
- 1:36:02>> I wanted it to go a little lower.
- 1:36:29Mhm.
- 1:36:37How many contracts do I trade?
- 1:36:39I mean, it depends on how big the ATR
- 1:36:41is. Anywhere from three to 10 micros.
- 1:36:47Depending on volatility.
- 1:36:51Today I took a three micro trade because
- 1:36:53it required me to have like a
- 1:36:5660 point stop loss.
- 1:37:04If I have um
- 1:37:07If I If I have a better entry and like I
- 1:37:09can have a tighter stop, I'll use more
- 1:37:10size.
- 1:38:44>> I don't know.
- 1:38:45I think I might just stop.
- 1:38:48I feel like
- 1:38:51I feel like
- 1:38:54we're starting to
- 1:38:57potentially enter into some conditions
- 1:38:59that I might not want to trade.
- 1:39:14Like I think I think
- 1:39:17we
- 1:39:21may continue higher, but
- 1:39:29volume is like kind of
- 1:39:31it's still okay, but
- 1:39:35it is kind of tapering off a little bit.
- 1:39:37And we're getting closer to uh
- 1:39:42lunchtime.
- 1:39:49And also technically we're we're
- 1:39:51basically at my cutoff for when I
- 1:39:53usually stop trading.
- 1:40:02Let's see if there's going to be a
- 1:40:03buzzer beater.
- 1:40:27Well, it looks like
- 1:40:30um
- 1:40:33the Discord has no red unless somebody
- 1:40:35is just embarrassed, but if not,
- 1:40:38good.
- 1:40:39We're all either green or break even.
- 1:40:45And the YouTube,
- 1:40:47there may be one red, but it's all
- 1:40:49right.
- 1:40:51Half green, half break even.
- 1:41:02Oh, all right. Gurpreet,
- 1:41:05not bad.
- 1:41:07If it wasn't if it wasn't for uh the
- 1:41:10short I caught in the beginning, I may
- 1:41:13have not taken a trade yet.
- 1:41:22Do I use range-based chart in my
- 1:41:24footprint chart? No. I use a 5-minute, I
- 1:41:26use a 15, and I use an hourly.
- 1:41:29Nothing wrong with using range-based
- 1:41:31charts, I just don't use them.
- 1:41:39All right. All right.
- 1:41:41What is this?
- 1:41:42We're just kind of getting close to the
- 1:41:44open of an hourly candle. I might need
- 1:41:46to
- 1:41:48wait.
- 1:43:17The one thing I don't like about this
- 1:43:19idea, though, is that the hourly is kind
- 1:43:21of
- 1:43:27closing like this.
- 1:43:46>> All right, let's see what it does. This
- 1:43:47will just I'll make a decision pretty
- 1:43:49fast whether or not I'm going to
- 1:43:54continue to trade or not.
- 1:44:16Where is this sitting right here?
- 1:44:26This is the POC of the hourly, previous
- 1:44:28hourly.
- 1:44:38So, if we're going to go higher,
- 1:44:40I would like us to get above it.
- 1:44:48The entry should have been some
- 1:44:50should have been
- 1:44:51deeper. It's just
- 1:44:56I think we're going I think I avoided a
- 1:44:58I think I might have ended up avoiding a
- 1:45:00dumb loss. This might actually go down
- 1:45:03further
- 1:45:05if we don't get above here.
- 1:45:29>> Bye.
- 1:46:03>> You know what? Hold on. Timeout.
- 1:46:05What the hell am I doing, dude?
- 1:46:07What am I doing? We got to We got to
- 1:46:09take a step back for a second.
- 1:46:11This is [Â __Â ]
- 1:46:13Why am I considering trading this?
- 1:46:18We're past my my cutoff time. All right,
- 1:46:20I'm going to save myself. I'm going to
- 1:46:22save myself. I don't know what I was
- 1:46:23thinking for a second.
- 1:46:25I just got into a trance from the
- 1:46:28market. I was thinking about trying to
- 1:46:29go long. I don't think it's a good idea
- 1:46:30to trade anymore.
- 1:46:32So,
- 1:46:33I'm just going to end it, actually. This
- 1:46:36may go up, may go down, may go sideways.
- 1:46:40I
- 1:46:40I don't care anymore.
- 1:46:43I was looking for longs down here,
- 1:46:45but
- 1:46:46we're
- 1:46:47for one,
- 1:46:49past uh
- 1:46:51the time I usually stop trading.
- 1:46:53And then,
- 1:46:55we've really slowed down in terms of
- 1:46:59movement, and
- 1:47:01we're already up 60 points.
- 1:47:06Um
- 1:47:07volume is
- 1:47:10tapering off, and
- 1:47:12it just probably is not a good idea to
- 1:47:14continue. So,
- 1:47:16I'm going to end the stream. I'll catch
- 1:47:18you guys
- 1:47:19tomorrow.
- 1:47:20If you're going to continue trade,
- 1:47:24just be careful.
- 1:47:27All right. Well, peace.
- 1:47:29And I I swear, I'm actually I'm actually
- 1:47:31going to not trade. I'm not just like
- 1:47:33getting off stream. I'm going to go
- 1:47:34trade right now.
- 1:47:36I'm going to log out of my account.
- 1:47:38Look.
- 1:47:46We'll take our $454 on the day. So,
- 1:47:49we're up $454 on this account. We're up
- 1:47:51270 on the other funded account.
- 1:47:54I'll probably I'll just come back
- 1:47:55tomorrow. We'll We've got to build this
- 1:47:56account up to over a
- 1:47:58$2,000 balance at the very minimum.
- 1:48:01Hopefully, a little bit more than that.
- 1:48:03Yeah, a thousand. There's always
- 1:48:04tomorrow. I'm sitting here like trying
- 1:48:06to make something happen in this area,
- 1:48:09and it may work out, but
- 1:48:12it's just not the best It's not a good
- 1:48:15idea.
- 1:48:16All right. Well,
- 1:48:18this afternoon or tonight, Yep.
- 1:48:21All right. I'll catch you guys later.
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