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This Trading Strategy is Boring, but Made Me My First $100,000 — Transcript

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0:00The main reason why you're losing money
0:01in the markets, which is about to sound
0:03crazy, it's because you're literally
0:05entering trades at the wrong place.
0:08Plain and simple. It could be a great
0:10trade setup that you analyzed or it can
0:12even be a bad trade. But the truth of
0:14the matter is that the entire setup is
0:16completely wrong if you are not taking
0:19it at the right place. And that's why I
0:21brought David here. David over the
0:23course of the next 30 days is going to
0:25be living with me until I can teach him
0:27how to understand and execute a
0:29profitable strategy where he is going to
0:31then turn this into his new main source
0:33of income. Now, over the course of the
0:35next 30 days, David is going to be
0:37living here and we're going to turn
0:38$1,000 into
0:40$100,000. We're going to be documenting
0:42everything, the before, the during, the
0:43after of his whole entire journey and
0:46how he goes through it. It's going to be
0:47his first account flip and his first
0:49time. Yes, David is a stranger. Now,
0:51over time, we've gotten to know each
0:53other, but about two and a half weeks
0:54ago, I set a application for somebody to
0:58be part of this life-changing
0:59opportunity. After 50,000 applicants,
1:02traveling to multiple different states,
1:03and identifying different potential
1:05candidates, we're left with David, young
1:07guy, worked two jobs, and now we're
1:09here. This is going to be one of the
1:11many videos that I am going to be
1:13teaching David how to execute and learn
1:15this strategy perfectly. And we're going
1:17to be documenting it and sharing it with
1:19you guys completely for free. So you can
1:21follow along and learn from his journey
1:23so you're actually able to replicate his
1:25exact same results. And the best part is
1:27that it's free. So, in this particular
1:29video, we're going to learn how to
1:30properly do a top- down analysis so you
1:33know when, where, and how to enter a
1:35trade and avoid those wickouts, avoid
1:37those unnecessary draw downs, and even
1:39avoid taking a loss. In order for you to
1:41take a trade and it be a profitable
1:42trade, you don't need to predict where
1:44the market is going to be every single
1:46hour of the day, every single day of the
1:48month, every single week of the year.
1:49The key is you need to know when to
1:51enter and when to not enter, right?
1:53Being involved in the markets and trying
1:54to predict every move, it's not going to
1:56make you any money. You have to know
1:57where to enter and that goes directly
1:59with identifying the structure of the
2:01trend. Knowing where is the high and
2:04where is the low of the market, finding
2:05a proper area of interest, which is
2:07going to be key to executing at the
2:09correct point. And lastly, when should
2:11you actually enter this trade? All of
2:13that we're going to break down in this
2:15video right now. So, first things first,
2:16to do a proper top down analysis, you
2:19pretty much have to do exactly as it
2:21says, do a top down analysis. So, we're
2:23going to start off from the weekly time
2:25frame, work our way down all the way to
2:27the 15minute, meaning weekly, daily, 4
2:30hour, 2 hour, 1 hour, 30 minute, 15
2:32minute. Now, every single one of these
2:35time frames has a completely different
2:37purpose in this top down analysis. But
2:40the first step is to understand is the
2:42weekly bullish or is it bearish? Is the
2:45daily bullish or the daily bearish?
2:474-hour bullish, 4-hour bearish, so on
2:49all the way up into the 15minut time
2:51frame. Now once you have all the
2:53different time frames and then there you
2:55understand where the majority of these
2:57time frames are headed decision on where
3:00you should take a trade should be very
3:02easy. If five of these time frames are
3:05bullish for example and two of them are
3:07bearish. Does it make more sense to sell
3:09or to buy? Well that actually depends on
3:12the type of time frames that are
3:14indicating to you if it's bullish or
3:16bearish. All that's going to make sense
3:18in just a second. So coming into the
3:20charts, first things first, you would
3:22look at this market and then you would
3:24immediately as a beginner trader
3:27identify that this market can
3:28potentially be bullish. So this weekly
3:31time frame maybe you can identify as
3:33creating highs and lows, higher highs,
3:36higher lows, and you would see that it's
3:38bullish. Mhm. And you would actually be
3:40wrong. This market is indeed bearish.
3:43This is a higher high, higher low,
3:45higher high, higher low, higher high.
3:49lower low and right now we are
3:51potentially creating a lower high. This
3:54market shifted the structure at this
3:56high point right here. Meaning to start
3:58off with our top down analysis, the
4:01weekly time frame is bearish. So now
4:04that we understand that the weekly time
4:05frame is bearish, we go to the daily
4:07time frame. Daily time frame, we would
4:10assume just by looking at it that it's
4:12bullish just because it's creating highs
4:14and lows. But there you would be wrong.
4:17Once again, when you look at the market
4:19to identify if it's bullish or bearish,
4:20you look at the higher highs and higher
4:22lows. The market structure, these
4:23elbows, high, low, high, low. Basically,
4:27every single point in the market where
4:30it had a shift, this market would
4:33consider that a structure point. Every
4:35single one of these elbows is a
4:36structure point. And this market has
4:39created many of them. Now, if you
4:41answered that it's bearish, I want you
4:44to know exactly why it's bearish. It's
4:45not bearish because of this right here.
4:48It's bearish because this right here is
4:50the lower high. And then this point down
4:53here is the lower low. Meaning this is
4:57the lower high. This is the lower low.
4:59We haven't body closed below it. So it's
5:01there's no new lower low. We haven't
5:03closed above it because there's no
5:05higher high. So it's not bullish. So the
5:07daily time frame is bearish because of
5:10this structure point here. Not because
5:12of this head and shoulders pattern right
5:13here. Not because of this lower high and
5:15because of this lower low. That would be
5:18false. It's bearish because of those
5:19high moves. So you get that, right? I
5:21got you. So the daily time frame, we
5:23would add it here as bearish as well.
5:26Correct. Now we're basically going to do
5:28the same thing on the 4 hour, 2 hour, 1
5:30hour, 30 minute, 15 minute, 4 hour time
5:33frame. Very clear indication that we can
5:36potentially tell that this market is
5:38currently bearish. You can as well see
5:40how the market was creating highs. Then
5:42we shifted to the downside. I personally
5:46would not count this point right here as
5:49a structure point. This right here is
5:51not a clean structure point to me. So I
5:54would not count this as a structure
5:56point. This would be the lower high and
5:58lower low. Many would get confused.
6:00Count this as a lower low, lower high,
6:02and then a lower low. For me, one
6:04candlestick of a retracement is not
6:07enough for it to be considered an elbow.
6:10I would need for it to be something a
6:12bit more. If you notice, candlestick
6:14retraces like this with two or more
6:15candlesticks are a bit more stronger and
6:17cleaner and more respected. So, this
6:204hour time frame as well, it is bearish.
6:26Bearish. Now, we go down to the 2-hour
6:29time frame. Two-hour time frame, we are
6:31struck with a bit of a different type of
6:34market structure. We have a very clean
6:36lower low, lower high, lower low. we
6:39shift bullish, higher high and higher
6:42low. So, as of right now, the two-hour
6:44time frame is bullish. We body
6:46candlestick above this structure point.
6:48Then this right here becomes the higher
6:50high and then this becomes the higher
6:53low. We're yet to break above or under
6:56that. So, we're still bullish. Okay. So,
6:58you get that, right? Yeah. So, this is
7:00the first time frame that is bullish.
7:02That is bullish. Correct. And it breaks
7:04out of the pattern that we were
7:06currently in, which is fine. Right.
7:08Right now we're just understanding where
7:10the market is. The 1 hour time frame,
7:13very similar situation. This would be
7:15the higher low. This would be the higher
7:18high. We yet to break above or below it.
7:21So the 1 hour time frame is
7:24indeed bullish as
7:27well. Then we go down to our 30 minute
7:29time frame and 30 minute time frame as
7:32of right now is bearish. So you can see
7:35how this was creating lower low, lower
7:38high, lower low, lower high, lower low,
7:40lower high, lower low. We went bullish
7:43and then we shifted bearish and right
7:46now it's creating almost what looks like
7:47to be a double top. So right now the
7:5030-minut time frame is bearish. Bearish
7:53too. And lastly, the 15minute one. Yeah,
7:58definitely least. Last, usually people
8:00say last but not least, the 15-minut
8:02time frame is the least cuz it's the
8:04weakest time frame. It's not the one
8:06that is the strongest or most respected.
8:08So, we don't really care for it that
8:09much. I use it a bit for my entry
8:11signals, but we'll save that towards the
8:13end of the video. 15-minute time frame.
8:15Right now, we were creating lower lows,
8:17lower highs, lower lows, shifted
8:20bullish, higher high, higher low. Kind
8:23of skip all of that. Higher low, and
8:25higher high. 15-minut time frame is
8:28indeed bullish. And then lastly,
8:3015-minut time frame is bullish. Meaning
8:34we have a total of one, two, three, four
8:39time frames bearish and then we have
8:41three three time frames. So, right off
8:44the bat, it makes more sense to sell and
8:47to buy. But let's say it was for example
8:51four time frames bullish and then three
8:54time frames bearish. Would that make
8:57sense to buy? Not really. Because the
9:00lower time frames being in one direction
9:03doesn't mean that the higher time frames
9:04are going to go in that direction as
9:06well. So for me, whenever I go take a
9:08trade and ever I go do top analysis,
9:10what makes the most sense is to have the
9:12highest time frames going in that
9:14direction. So if the weekly is bearish,
9:16daily is bearish and 4 hours bearish, I
9:18want to continue to trade with those
9:19markets to have a higher probability to
9:21trade setup. Now, can I be interested in
9:24buys because these lower time frames are
9:25in one direction? Sure. But it's not as
9:28strong as a probability. The higher time
9:30frames, the more respected the market
9:31is, the lower the time frame, the less
9:34the market respected is. Okay. Okay. You
9:35get that? Yeah, I understand. Yeah.
9:37Okay. So now that we understand that the
9:39majority of the time frames are going to
9:40the downside when we are done with this
9:43part of the top analysis we move on to
9:46the next phase which is looking for area
9:48of interest. So we cannot enter a trade
9:53without an area of interest. I'm going
9:55to I'm going to repeat that. We can have
9:57all these time frames bearish or all
10:00these time frames bullish, but if you
10:02don't have a proper area of interest,
10:05you cannot take the trade take the trade
10:07at all. Area of interest is going to be
10:09the most crucial points on where you're
10:11actually going to enter. For example, if
10:13let's say right now we are surfers,
10:15right? We're going to go to the ocean to
10:17surf. We can see a bunch of waves being
10:20created going to one direction to the
10:23shore. and you want to go out there and
10:25surf, but if you don't know where you're
10:27going to enter on that wave, it's no
10:30good. You basically can't do anything.
10:32Let's say right now there's a basketball
10:33game going on and the ball is out of
10:35bounds, you can't play the game at all
10:38because the ball is out of bounds. You
10:39can only play the game when the ball is
10:41in bounds. It's in the game. Right now,
10:43if the trade is completely bearish and
10:46there's no proper area of interest, the
10:48ball is not in the game. There's like
10:51the game is not happening. You only take
10:53a trade after you have a proper area of
10:55interest. So the way area of interest is
10:58identified is very simple to simplify
11:02very quickly. We have here a market that
11:06is a bullish market. Bullish market what
11:09we are anticipating for price to do is
11:11have a retracement. This retracement
11:13stop at some given time and point before
11:16then having the push to the upside. Our
11:19job as traders is to predict when is
11:22this stop going to stop. So then we can
11:25have our entry right around here. So
11:27then the trade from here can then have
11:29the push to the upside. That's our job
11:31to predict when is this pullback going
11:33to stop before it actually has the push
11:35up. So you can almost anticipate when
11:37this pullback is going to happen to
11:39perfection based off of an area of
11:41interest. So now we understand this
11:42market's bullish. Let's say this is the
11:44daily time frame for example. we were
11:46allowed to find an area of interest
11:48which is a point where the market has
11:49respected multiple times in theory a
11:52minimum of three times. So let's just
11:54add another structure point here right
11:56here. So we can have our minimum of
11:58three touches. And yes, it could count
12:00even if you have structure points above.
12:03This has one, two, three, three, four,
12:06four. Right. So this is a valid area of
12:09interest. So we would expect is for
12:11price to have a retracement into this
12:13area, retest it, head to the upside.
12:15Okay. And what's the minimum like
12:17touching points that we need? So it's
12:18it's a minimum of three. So you're going
12:20to have three points above, three points
12:23below, a total of three points. So let's
12:26say for example, one above, one under,
12:29and one above. Or you can have all three
12:32of them under. As long as there's three
12:34points of that area, it's a valid area.
12:37You got that? Yeah, I got it. Okay. So
12:39if we were to go to, for example, let's
12:42say the weekly time frame, weekly time
12:44frame, we would identify where we are
12:47right now. And if we were to look left,
12:50we would not really see any price action
12:52for
12:53about 10 years. But even then, this line
12:57right here, we have one, two, and we go
13:00back to current price. And then we have
13:03three. That's three
13:05touches. Bear with me. We go down to the
13:08daily time frame. And then in the daily
13:09time frame, we would do the exact same
13:12thing, but in a much more detailed
13:14version with what we're dealing with
13:16right now. So, for example, we can spot,
13:19let's say, a zone like this. Here we
13:22were to have one, two, and then three.
13:27That's a valid area of interest. If you
13:29were to look at the market like
13:31this, one, 2, 3, 4. Valid. Very valid.
13:37You look at it like this, there's
13:39nothing there. It's not valid. I
13:42personally the furthest I like to look
13:45back when identifying these areas of
13:47interest is anywhere in between one to
13:51three years. That's the furthest I ever
13:53like to look back recently with the way
13:55the new markets have changed. It's just
13:58we want to make sure we're executing a
14:00trade where the market has respected
14:02recently, not 10 years ago. The world's
14:05in a different place 10 years ago. the
14:06markets are there right now and I want
14:07to make sure that the price is very
14:09relevant to the most recent. So our
14:12second thing is identifying an area of
14:13interest and this area of interest is
14:15very well respected. Now at this point
14:18that we have officially identified the
14:20area of interest, it's officially game
14:22on. So everything we've done up to this
14:24point is just understanding where the
14:27market is. At no point have we executed
14:30the strategy right now. At no point have
14:33we have done anything that's out of the
14:36normal, right? All all we've done is
14:37just read the market. Yeah. Now is when
14:41we're going to start applying our
14:43strategy to potentially execute this
14:45trade. A very simple analogy is let's
14:48say that you're a surfer right now is at
14:52the point where you would go out to the
14:54ocean and then go and get on to your
14:57board. Mhm. Now, a very big mistake that
15:00a lot of surfers make is they'll pull up
15:03to the beach, they'll go out to the
15:04ocean, and they wait in the ocean for a
15:07wave. Okay. What happens? They get eaten
15:09by a shark. The current takes them far
15:11away. I don't know. I'm not a surfer.
15:13Are you a surfer? No, I'm not a surfer.
15:15an analogy, right? So, it's a very high
15:19risk approach. Unless risk, right? You
15:21don't have to be out there in the water
15:23for the wave for you to surf the wave.
15:25You could be on the beach safely under
15:27an umbrella, not getting burnt. When you
15:30see the wave approaching, then you can
15:32then go out into the water. You swim to
15:34it and then you you surf the wave. Is
15:36there a possibility that of you missing
15:38it? Sure, it's fine. It's normal, but
15:40you're minimizing your risk. If you do
15:42not have your trade be at your area of
15:45interest, why would you go in and enter
15:47a trade? It simply makes no sense.
15:49That's right. If you don't have the wave
15:51right there at that given moment, why
15:53would you be waiting in the water? It's
15:54just very high risk. It only makes sense
15:57to execute the trade when it's at your
15:59area of interest. It only makes sense to
16:01ride a wave when it's ready to be
16:03ridden. There's no reason to be
16:05overexposed for no reason. Now, I want
16:06to make sure you understand this is so
16:09crucial and so key because some traders,
16:12they would do their analysis, they would
16:13do the top analysis decently. They'll
16:16find a decent area of interest and then
16:18they'll feel like the market owes them
16:20something because they've analyzed the
16:21market. You got to make sure that you
16:23can analyze the market, put so much time
16:25into it, and it mean nothing. Okay? That
16:28you have to be completely emotionally
16:29detached from that trade. Yes, you got
16:31that right. I got it. It's very key. So,
16:33now that you understand that you don't
16:35have to be in the ocean waiting for the
16:38wave, you can wait for it at the beach.
16:40You want to make sure that you know what
16:42you're waiting for, right? Like you want
16:43to have your binocular set so you can
16:45see the wave. You can be waiting for
16:47something specific. Correct. That's
16:49exactly what we would do here once price
16:51is approaching or reaching the area of
16:53interest. So for example, let's say this
16:55trade at this point once this trade
16:58broke this neckline and or this area of
17:02interest. This is where the majority of
17:04traders would just want to get involved
17:06right away because they feel like
17:07they're going to be right about the
17:09direction which they're right. Right.
17:11This the majority of the time frames are
17:12bearish. You have a head and shoulders.
17:14you have many different formations are
17:17identifying that this trade should
17:18continue to go down rather than up.
17:20Okay, so this is where the big mistake
17:22comes in because they're getting
17:23involved too early, too quick. Okay,
17:26just because the water and the currents
17:28are going in one way, you don't want to
17:30go in right away. You still have to wait
17:31for your trade. You have to wait for
17:33your entry. This is where you would wait
17:34for a retracement, which is where price
17:36would then come back into this area. And
17:39now when you're in this area is where
17:41then you're going to wait for the most
17:43important and most crucial point which
17:46is going to be your entry signal. The
17:49entry signal is very much overlooked
17:52among the traders in the industry and
17:54they overlook it or they underlook it.
17:57They they never find the perfect medium.
17:58They either over complicate it or
18:00oversimplify it.
18:02If you're looking to sell a trade at an
18:05area of interest, you need to have as
18:07many possible confirmations that the
18:09trade is going to sell. So for example,
18:11the 4hour time frame. So let me actually
18:13take a step back, right? Weekly, daily,
18:154hour time frame. These are the three
18:17time frames to identify the trend of the
18:20markets. Okay. The 2 hour, 1 hour, 30
18:23minute, and 15 minutes are used to
18:25actually enter the trade. Mhm. Now,
18:28these lower time frames are used to
18:30enter the trade based off of the
18:32direction of the higher time frames.
18:35Okay, you understood that, right? Yeah.
18:36If the higher time frames are bearish,
18:39we use the lower time frames to enter
18:41those cells. So, if we go down to the 30
18:44minute right now, for example, and we're
18:47looking for sells, how are we going to
18:50sell? If the 30 time frame, if the
18:5230-minut time frame is bullish, we're
18:54creating lower lows, lower highs, lower
18:55lows, lower highs. And now we shifted
18:57bullish. So if we're looking to sell and
19:01our entry signal time frame is bullish,
19:05how are we going to sell? Doesn't make
19:06any sense. We need to only sell when the
19:09lower time frames match our higher time
19:12frames. So this is where the even though
19:15the wave is getting close to be formed
19:18and you're itching to go out there and
19:20go ride it, it's not ready yet, right?
19:23Because the wave is just on its way to
19:25the beach. hasn't decided if it wants to
19:27go east or if it wants to go west. And
19:30you want it to go west because that's
19:32where all the girls are on the beach or
19:34whatever surfers look for whenever they
19:36go surf. Yeah, there's a big nice wave
19:38loading up, but you don't know what way
19:40it's going to go. This is literally
19:43setting up the perfect
19:46pre-market setup for that to happen,
19:49right? So, what price does when it
19:51reaches the area of interest has an
19:53accumulation. This is one of the major
19:55things that I like to see because it
19:56shows me that it's struggling to break
19:58through this area, which clearly
20:00whenever we're above this area, we
20:02struggle, we have a push up. Whenever we
20:05are under this area, we struggle and we
20:07push down. Now that we're here again, I
20:10can simply anticipate for the exact same
20:12thing to happen. So, this is the higher
20:14low. This is the higher high. In order
20:16for me to take the cell, I would need to
20:18wait for a shift of structure. And this
20:22is where we would remain extremely
20:23patient and wait for the ship to
20:26structure. This is two, three hours that
20:29have just gone by that we're just making
20:31it seem very quickly. And that's where
20:32the difficulty comes in from this, the
20:35waiting game, of course, sitting on your
20:37hands and waiting for what you need to
20:39get done happen. So at this point, we're
20:42still not taking the trade. The market
20:44is still bullish and it's not giving us
20:46our entry signal. You need to wait for
20:47the shift to structure. So at this point
20:51that minor body candlestick that closed
20:54below that structure point that's it
20:56that's our entry signal that is our
20:58entry signal that now the 30 minute time
21:01frame has shifted and now it's in
21:04correlation with the higher time frame.
21:06So now weekly, daily, 4hour are bearish
21:10and so is the 30 minute time frame which
21:12is an entry signal time frame for
21:13example which is an added confluence
21:16that would then lead us to understand
21:18that now the 30 minute is following the
21:20higher time frames. So we have the
21:22higher time frames bearish, we have a
21:24solid area of interest and then we also
21:26have our trade at the area of interest
21:28giving us a shift structure inside of
21:30it. Like you're literally creating a
21:32perfect setup that it simply makes more
21:35sense for this to go down than up.
21:36Because at the end of the day, the
21:37market's going to do two things. Go up
21:38or down. Yeah. We just got to figure out
21:40why it makes one. Yeah. Which one most
21:42famous? Yeah. Which one makes more sense
21:44for it to go down or up? This right
21:46here, off of everything I've just said,
21:47you could explain to your grandma and
21:49they're going to literally understand
21:51it. Yeah. So once price has the break of
21:54the structure area, you would then wait
21:56for either a bearish engulfing
21:59confirmation, an evening star, you can
22:02look for any reversal patterns like head
22:05and shoulders, double tops, anything
22:07that confirms now that it's shifted
22:09bearish that it's going to continue that
22:11momentum because one thing is shifting
22:13bearish and another thing is continuing
22:15that momentum. And then here we shift
22:17bearish and we simply continue that
22:20momentum. Now you can see here how this
22:22structure went from being bullish to
22:24creating higher highs to now being lower
22:27low, lower high, lower low, lower high.
22:29Yeah, I see. So it literally goes from
22:31having the bearish move. It goes bullish
22:33to have the retracement to have the
22:35retest of the area of interest and then
22:37it shifts and then it continues to move
22:39down. It just it's simple waves but not
22:42the actual surfing ones. You're just
22:43like trading waves. More fun ones. These
22:47to me they're more fun because they make
22:48me money, you know? I'm not prone to
22:50getting eaten by a shark, you know.
22:52Yeah. And now this is one of the trades
22:54that I'm actively in right now. And I am
22:57very confident in this trade to continue
22:59heading to the downside. Price action is
23:01rejecting. And as soon as I enter the
23:03trade, I follow the slogan. I mean, set
23:06and forget like forget. All I do is just
23:08let the trade either do one or two
23:10things. I let the trade either hit my
23:12stop loss or I let the trade hit my
23:14takerit. I don't do anything in between.
23:16And you never change the never never
23:18because if you change the trade, you're
23:21changing your strategy essentially
23:24because whatever you took at whatever
23:26given point met a strategy and it made
23:28sense at that point. That means that the
23:30trade still makes sense. Just because it
23:32doesn't go to your take profit right
23:33away doesn't mean the trade is not
23:34valid. If the trade sometimes it'll take
23:36a day or two or three and if that's what
23:38it takes, that's what it takes. I always
23:40make sure that my stop loss is placed
23:42above the previous high just in case if
23:45For whatever reason, we now body
23:48candlestick close above this area. We
23:50are completely wrong because since we
23:52had the shift to structure when I
23:54entered the trade on the 30 minute for
23:55me, I identified this to be the lower
23:58high and I identified that this be the
24:00new lower low at the time of me watching
24:02this market. This was the lower high.
24:05This was the lower low. If this price
24:08from this given point body candlestick
24:10above this structure point, technically
24:13would be bullish and it's destined to
24:15continue going to the upside. So I only
24:18place my stop loss at an area where if
24:20it gets hit, it's completely wrong.
24:22Okay, this is very key% very key. Very
24:25key. And then I simply place my
24:27takeprofit a little bit below the next
24:29structure point where I believe that
24:31daily time frame is destined to go. Stop
24:34loss placement is so key. Can't even
24:35imagine. Okay. And what if for example
24:38uh the trade goes so well that we can
24:40put the stop loss or a take profit was?
24:43Yeah. So that's called moving your stops
24:46or trail stops, however you want to call
24:48it. That's something that I sometimes
24:51tend to do. You could do it. It's a
24:54great way on how to continue to set and
24:55forget. But I would try and only do that
24:59on trades that have higher potentials of
25:02risk-to-reward. Right? So, if a trade
25:04has a, for example, this trade, I only
25:06see it to have a 1:2 risk-to-reward, for
25:09example. But if you have a trade that
25:12has a potential for it to be a 1 to4,
25:14sure, once the trade hits your original
25:16take-profit of a 1:2, you could move
25:19your stop loss there, worst case, takes
25:21you out of the 1 to2. I personally don't
25:24really do this myself. I see other
25:25people successfully do it. I would
25:27recommend either takes you out of your
25:29full take profit or takes you out of
25:31your full stop-loss. I wouldn't modify
25:33moving your stop loss to a random area
25:37where you enter the trade, which has
25:39nothing to do with the market structure.
25:40You're prone to getting wicked out at
25:42break even. And for example, like let's
25:44say right now when this trade was a
25:45little bit into profit and I would have
25:47put it at break even. Price would have
25:49just taken me out at break even and now
25:51continue heading to the downside.
25:53Putting it at break even or moving your
25:55stops has nothing to do with how the
25:57market moves. It's just you wanting to
25:58cover your risk. And you cover your risk
26:01by pre-calculating it beforehand. You
26:03don't have to not want to lose money
26:05after you take a trade. Okay. But it's a
26:08great way of thinking. That's being
26:09conservative. I think that's great. And
26:11you know what? I love the fact that you
26:12asked that last question there because
26:14it it shows me that you're like catching
26:16up pretty fast. And it's very key that
26:18you understand to make money in trading,
26:21it's not all about added risk. make
26:23money by preserving your money and being
26:26strategic with your risk. Not about
26:28risking more. It's about knowing when to
26:29risk and knowing when to not risk. And
26:32the crazy part is that this is literally
26:34just one of the many videos that we're
26:36going to be doing with David. And his
26:38journey has been honestly accelerating a
26:41lot faster than I imagined. And we're
26:43sharing all of his journey completely
26:45for free. We're documenting it in real
26:47time. His trades before, during, the
26:49after. And by the time you're watching
26:51this recording, you can still watch
26:53everything and catch up and still even
26:55replicate his results. In the link
26:57below, we have created a library where
27:00you can get access to this completely
27:02for free and you can see what David did
27:04to be part of this journey and how you
27:06can replicate it for yourself. I hope
27:07you guys enjoyed this video. This is one
27:09of many that we are going to be creating
27:11for you guys completely for free. Make
27:13sure to hit that like and subscribe
27:14button and I'll see you guys in the next
27:16video.

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