Trading Course Day 1: Trends — Transcript

Full transcript

1. 0:00All right. In today's video, um I'm
2. 0:03going to start a whole simple price
3. 0:06action course on YouTube for free for
4. 0:09you to understand what trading is. Um
5. 0:13first of all, trading to basically help
6. 0:16you make it as simple as possible.
7. 0:19Trading is where you buy at a certain
8. 0:23price or sell. You can buy or sell at a
9. 0:26certain price. And if price goes up, so
10. 0:29let's say if you get into a buy. So
11. 0:31let's say you get into this buy. We're
12. 0:34going to mark this
13. 0:36as
14. 0:39buy. Make this bigger for you for all my
15. 0:42newbies. And it's okay to be a newbie.
16. 0:44We was all there once once in our loves.
17. 0:47But um let's say you're in a buy and
18. 0:50this is price. So this is price you're
19. 0:52going to see fluctuating. These are
20. 0:53called candlesticks, by the way. So,
21. 0:56these are candlesticks. You're going to
22. 0:57see these a lot. Trust me, every single
23. 0:59day, you're going to see these. And
24. 1:01these candlesticks will go up and down
25. 1:03constantly. Now, depending on the time
26. 1:05frame that you're on, and we're going to
27. 1:07talk about time frames later on, but
28. 1:09depending on the time frame that you are
29. 1:10on, this will fluctuate either fast or
30. 1:13slow. Now, this is very important. Write
31. 1:16this down. Depending on what time frame
32. 1:18you're on, this will move either fast or
33. 1:21slow. So once again, depending on what
34. 1:25time frame you are on, these will move
35. 1:28fast or
36. 1:30slow. Now, with this being said, if you
37. 1:33are in a buy, so if you place a buy,
38. 1:36there's going to be most likely a blue
39. 1:38button. If you place a buy, this price
40. 1:42has to go above this level, above the
41. 1:45price that you said it was going to buy
42. 1:47above. It has to go above this level in
43. 1:49order for you to make money, right?
44. 1:53So that's just the plain and simple way.
45. 1:55And then vice versa. So if you think
46. 1:56it's going to sell, right? If you think
47. 2:00it's going to sell, this
48. 2:03price has to go under that level that
49. 2:07you said price is going to sell under.
50. 2:09So if you said it's going to sell under
51. 2:10this this level, it has to go under this
52. 2:13level and then you make money, right? So
53. 2:15that's just what trading is. I'm not
54. 2:18going to get into like you can go chat
55. 2:20GBT and Google the rest. But that's the
56. 2:23basic dummy version of what trading is.
57. 2:26If you pick a point and you say price is
58. 2:28going to go above it, then you make
59. 2:30money if it goes above it. If you say
60. 2:32it's going to go under it, then you make
61. 2:34money if it goes under it. Now, this is
62. 2:37not
63. 2:38gambling. Your moms, your dads, your
64. 2:40aunties are going to look at trading as
65. 2:42gambling. People are going to tell you
66. 2:44that trading is gambling. But I am going
67. 2:46to show you that trading is not
68. 2:49gambling. And you can have a
69. 2:52strategic
70. 2:54logical reason and analysis of why you
71. 2:58think price is either going to go up or
72. 3:00down. And throughout this course, I'm
73. 3:04going to show you time and time and time
74. 3:07again that it happens over and over and
75. 3:10over. And no, I'm not always right. So,
76. 3:14no, I'm not always right, but I've been
77. 3:17doing this for four years. I've made
78. 3:18over $14 million from trading. I haven't
79. 3:21sold a course. I don't sell any courses.
80. 3:23I don't sell any signals. Um, I don't do
81. 3:26any of that. I'm just here to show you
82. 3:28that trading is possible. Trading is
83. 3:31something that you can take and learn
84. 3:34and you can do it for the rest of your
85. 3:36life. Like I think if I started with
86. 3:37zero dollars, I would pick back up my
87. 3:40phone, probably get a job, make like a
88. 3:42100red, 200 bucks, and put it into a
89. 3:44trading account and try my best to make
90. 3:47money from it. So, right now, I don't
91. 3:49know if I can show you. Um I don't know
92. 3:51if you will see it this way, but right
93. 3:53now,
94. 3:54um I can't see my screen, so I don't
95. 3:56know if you can see my screen, but right
96. 3:58now, I am floating $2,000.
97. 4:01It is 10:30 a.m. and I am just trading,
98. 4:05right? I think price is going to go up.
99. 4:08So, I don't know if you can see my
100. 4:10screen, but I think price is going to go
101. 4:12up. As you can see, I have a buy in.
102. 4:15Once again, I'm not sure if you can
103. 4:16really see my screen, but I'm in a buy
104. 4:19right now. I think price is going to go
105. 4:22up and it is making me money. $2,000. As
106. 4:26you can see, it fluctuate. And over
107. 4:28time, you'll have emotions, have all
108. 4:29these things going in your head as
109. 4:31you're making money. But later down the
110. 4:33course, I will explain. I don't know how
111. 4:36many videos this is going to be, but
112. 4:38every time I make a video, excuse me,
113. 4:41every time I make a video, I'm going
114. 4:42just throw it in there if it is, you
115. 4:44know, seems fit. So, with this being
116. 4:47said, since you already know a little
117. 4:49bit about trading, you already should um
118. 4:53feel a little bit comfortable. you don't
119. 4:55know exactly what you're getting to
120. 4:57into, but I'm going to show you. So,
121. 4:59first and
122. 5:01foremost, you are going to need a Forex
123. 5:04broker. You're going to need Trading
124. 5:06View, and you're going to need a uh just
125. 5:10Wi-Fi in general, right? You're just
126. 5:11going to need those things. I have a
127. 5:13broker link down below that you can use.
128. 5:15You don't have to use mine. It's okay. I
129. 5:17don't care. Or and you can use Trading
130. 5:20View as well. Trading View, you need
131. 5:22This is what we're on right now. Trading
132. 5:23View, you need this. All right, so those
133. 5:26things you need, get out the way. And
134. 5:28make sure you also get a crypto
135. 5:30brokerage as well. I personally use
136. 5:32Coinbase. I've been using Coinbase for a
137. 5:34while now. I've also used Kraken. Um,
138. 5:38you can use that too as well, but I I
139. 5:40like Coinbase now because they have
140. 5:42instant withdrawals, so it's pretty
141. 5:44good. But this is how you're going to
142. 5:45deposit and withdraw your money into
143. 5:48your bank account and out of your bank
144. 5:50account, vice versa. So, if you want to
145. 5:51deposit, you're going to buy Bitcoin.
146. 5:54Once you buy the Bitcoin, you're going
147. 5:55to deposit into your broker. And then
148. 5:57when you're ready to withdraw after
149. 5:58you've made money from trading, you'll
150. 6:00withdraw from your broker into your
151. 6:02crypto portfolio and then into your bank
152. 6:04account. So, with all that being said,
153. 6:08you're probably asking yourself, okay,
154. 6:10how do I trade? Right? So, I'm going to
155. 6:14start off with the basics, the
156. 6:15fundamentals. And this video is very
157. 6:17very important because the fundamentals
158. 6:19are very very important. It's like
159. 6:21dribbling a basketball. Like you have to
160. 6:24know how to dribble before you start
161. 6:26doing the crossovers and the and the
162. 6:28hizzys and the and the and the shazams
163. 6:31and all that, right? I don't know
164. 6:32anything about basketball. I don't care.
165. 6:34Um but you need the fundamentals. You
166. 6:38need to know how to dribble. So I'm
167. 6:39going to show you how to dribble. Right?
168. 6:41So two things uptrends downtrends and
169. 6:46three things actually up uptrends
170. 6:48downtrends consolidation know the three
171. 6:51know when these three are happening this
172. 6:54will save you from a lot and this is
173. 6:56what this video is going to be about
174. 6:57uptrends downtrends consolidation how to
175. 7:01identify right so first uptrends or
176. 7:04downtrends we're going to start with
177. 7:05first right
178. 7:08downtrends now we are going to Look at
179. 7:11this and we're going to tell ourselves
180. 7:14this is a downtrend. Say this to
181. 7:16yourself right now. This is a
182. 7:18downtrend. You say it to yourself.
183. 7:21Whatever I'm looking at, so I'm you
184. 7:24right now. Whatever I'm looking at, I'm
185. 7:27going to see this as a downtrend. So
186. 7:29repeat that to yourself. Whatever I'm
187. 7:32looking at, I see this and it is a
188. 7:34downtrend. That's first and foremost.
189. 7:37Now answer the question, why do I see
190. 7:40this as a downtrend? Right? This is
191. 7:42where you start to learn. Now a
192. 7:44downtrend consists of lower lows and
193. 7:47lower highs. So in this case, this is a
194. 7:50lower
195. 7:53high and this is a
196. 7:56lower low, right? Why do we call this a
197. 8:02lower low and a lower high? Now first
198. 8:05you need to remember there is highs and
199. 8:09there is lows.
200. 8:12Right? Right. These are two two things
201. 8:14that I I look at. Lows highs highs lows.
202. 8:18Right. You start off with these and this
203. 8:20is what will determine if a you get a
204. 8:24lower high or a low lower low. So let's
205. 8:27say we have a low in this situation.
206. 8:29This will be a low, right? So, this is
207. 8:33our low. Let's just say this is our
208. 8:37low. Why is this our low? So, we're
209. 8:40going to backtrack and we're going to
210. 8:42show you this. I'm going to show you
211. 8:43like this. This is our
212. 8:45low. Why is this our low? Because price
213. 8:49got to a certain point. It got to a
214. 8:52certain certain decline,
215. 8:55decrease, and it pivoted. So, this is
216. 8:58the lowest point we can be low, right?
217. 9:00This is the lowest point we can be also
218. 9:03with the high. This is our highest point
219. 9:06that we can be.
220. 9:08Right? This is the highest point that we
221. 9:11can be. Now, this is where you can
222. 9:14identify trends. This is where you start
223. 9:15to be able to identify trends. Right?
224. 9:17So, with this low and with this high, we
225. 9:21can now say, okay, price has reached a
226. 9:24certain level and this is our low, this
227. 9:27is our high. Now how we can determine
228. 9:29what a trend is is because we'll get
229. 9:31this but then what comes next will
230. 9:33determine the trend. So if we have this
231. 9:35low and we have this high if price
232. 9:38breaks the low right if price breaks the
233. 9:42low this now becomes our lower
234. 9:47low. Lower low. This is lower than the
235. 9:51previous low. Common sense lower than
236. 9:54our previous low. So this would make our
237. 9:57lower low right. Same thing with lower
238. 10:00highs. So if our high is made and it is
239. 10:06lower than the previous high, then this
240. 10:08would be our lower high. Right? This is
241. 10:11our lower high.
242. 10:13Now from this point on, this is where
243. 10:17the downtrend continues or this is where
244. 10:20everything will play into part. Later
245. 10:22on, I'm going to get into ICC, which is
246. 10:24the way that I trade. It's a three-step
247. 10:26process that basically shows you how I
248. 10:29enter, exit, and use a stop-loss. All
249. 10:32these terms will be learned later on
250. 10:34down the line. But I'm just going to
251. 10:35show you the fundamentals of a trend
252. 10:38because you need to know this first. You
253. 10:40need to learn how to dribble the ball
254. 10:42before you can start doing crossovers,
255. 10:44shimmies, layups, and [ __ ]
256. 10:45three-point shots, right? So, this is
257. 10:47what you need to know first.
258. 10:50So, with this being said, we're going to
259. 10:53have our lower high and then we're going
260. 10:55to have another lower low, lower high,
261. 10:58lower low. So, take your time to look at
262. 11:01this. Um, let me go
263. 11:04back. Take your time to look at
264. 11:07this and say this is a trend. This is a
265. 11:12downtrend.
266. 11:15Now, before I start showing you candles
267. 11:17and stuff, we'll probably make that into
268. 11:18another video. But before I start
269. 11:20showing you
270. 11:22candles, this is a downtrend. So, go
271. 11:25ahead and classify this as a
272. 11:30downtrend, right?
273. 11:33Downtrends. And this same way can be
274. 11:37used. So, we can take
275. 11:39this, we can copy it over
276. 11:44And I'm pretty sure if I
277. 11:46press Oh, it just does that. But if we
278. 11:50take this and we rotate it, I'm pretty
279. 11:53sure I could do that with just this, but
280. 11:55I guess it's not wanting to do it. I
281. 11:57think it's just rotating the whole
282. 11:58thing. But with this, I we'll just start
283. 12:02over. The same way will be an uptrend,
284. 12:06right? So remember, there's lows and
285. 12:09highs into the market, right? There's
286. 12:11lows and highs in the market. So this is
287. 12:13our highest point. So this is our
288. 12:16high, right? Before all of this
289. 12:19happened. So we're going to put this
290. 12:20here. We're going to put this here.
291. 12:22We're going to drag this here. Before
292. 12:23all this happened, we had a high, right?
293. 12:26This is the highest point we can get in
294. 12:28our life.
295. 12:29High. Highest point. It's like it's like
296. 12:33smoking smoking drugs or like smoking
297. 12:35weed, right? you you you smoke weed and
298. 12:39it's like you smoke weed and you're
299. 12:41like, "Yo, this is the highest I can
300. 12:43get, right? This is the highest I can
301. 12:45get." And then you start doing other
302. 12:48drugs and you're like, "Dang, this is"
303. 12:49You start [ __ ] I don't know, doing
304. 12:51cocaine and then you're like,
305. 12:53"Dang, this is the highest I can get."
306. 12:55Like life just gets higher and higher,
307. 12:57right? So the same way with price, this
308. 13:00is the highest you think price can get
309. 13:02and then price ends up making a higher
310. 13:04high, right?
311. 13:06price ends up making a higher high and
312. 13:08once price has a higher high it ends up
313. 13:11making a higher low. So now we have
314. 13:14a higher
315. 13:19high and then with that higher high we
316. 13:22have to come back down and then price is
317. 13:24going to make that higher low. So I
318. 13:26forgot to mark this part. So higher
319. 13:28low and this is oh this is our high this
320. 13:31is our low and then this is a higher
321. 13:34high than the previous one. So this one
322. 13:36is higher than the previous or this one
323. 13:38is higher than the previous one. This
324. 13:40low is higher than the previous
325. 13:42low. Right? So we
326. 13:46have higher low because it's higher than
327. 13:48the previous low. Now, with this being
328. 13:51said, what you're seeing right now, hold
329. 13:53on, let me mark this as
330. 13:56uptrend,
331. 13:58right? What you are seeing right now, I
332. 14:02want you to put this and drill this into
333. 14:04the back of your
334. 14:06head. Price will not break these levels
335. 14:10on
336. 14:11purpose on the higher time frame. And
337. 14:14we're going to get into time frames
338. 14:15later. I trade the higher time frame
339. 14:17because it's strong. You get more you
340. 14:20get more money because I was going to
341. 14:22say points, but you don't even know what
342. 14:23[ __ ] points are yet. Um, but you make
343. 14:27more money by staying on that higher
344. 14:29time frame. There's people that trade on
345. 14:30the smaller time frames, but that comes
346. 14:32with experience. I am trying to teach
347. 14:35you the fastest way, not guaranteed, but
348. 14:37the fastest way to start making some
349. 14:40kind of money fast, right? But with that
350. 14:43being said, price will not break this
351. 14:45structure. Price will not break an
352. 14:47uptrend or downtrend unless it's
353. 14:49intended to reverse or it is
354. 14:52consolidating. Now you're probably
355. 14:54asking what the [ __ ] is a consolidation,
356. 14:56right? So now I want you to remember
357. 14:59uptrend
358. 15:00downtrend. Remember that you got the
359. 15:02high, the low, the higher high, the
360. 15:04higher low, lower high, lower low, low
361. 15:07and high. Right? So remember that
362. 15:09uptrend downtrend. Now, what is
363. 15:11consolidation? Consolidation is
364. 15:13basically when a high and a low is
365. 15:17being, I guess you could say, broken
366. 15:20back and forth. So, you will see a high
367. 15:23and then you expect a higher low, but
368. 15:26instead you have a low being broken and
369. 15:29it is just sideways. So, it's not going
370. 15:32in any direction. It is normally
371. 15:34breaking higher highs, higher low. It's
372. 15:37breaking everything. It has no rules.
373. 15:39And one thing about trading is
374. 15:41everything has to follow a rule. You
375. 15:43have to follow the rules. Charts
376. 15:45normally have to follow rules.
377. 15:47Fundamentals follow rules. Technical
378. 15:50analysis follow rules. Everything
379. 15:52follows the rules. You need a plan. You
380. 15:53need it. You need all this. Everything
381. 15:55has rules. Life has rules. You have
382. 15:57rules. Trading has rules. So if
383. 16:00consolidation is breaking the rules, you
384. 16:02do not want to put yourself around
385. 16:04something that is breaking the rules.
386. 16:06It's it's like common sense. Trading
387. 16:08always for me relates back to life
388. 16:11because it is
389. 16:13exactly it it's exactly what um like
390. 16:18trading and life mirrors each other. You
391. 16:20wouldn't put yourself around criminal
392. 16:22friends. You wouldn't put yourself
393. 16:23around criminals because you know they
394. 16:25break the rules. So in trading, why
395. 16:27would you put yourself around people or
396. 16:29why would you put yourself around a
397. 16:32price or a market where it constantly
398. 16:35breaks the rules? You want to find
399. 16:37something that follows the rules. I
400. 16:38trade NASDAQ. I've been trading it for
401. 16:40four years. I've made over millions of
402. 16:42dollars on it and it breaks rules
403. 16:44sometimes and that's when you stay away
404. 16:46from the markets and then when it
405. 16:48doesn't break rules, you're always
406. 16:49making money. So, with this being said,
407. 16:51always put yourself in a predicament
408. 16:53where you
409. 16:55are with a trend that is following the
410. 16:58rules. You don't want to be in
411. 16:59consolidation. I'm not going to explain
412. 17:01more about consolidation, but this you
413. 17:04do not want to trade. Consolidation,
414. 17:06don't trade it. I'm telling you now,
415. 17:08don't trade it. How can you identify it?
416. 17:10Identify it by when price is, you know,
417. 17:13you're looking for that uptrend, you
418. 17:14start to see your high and you start to
419. 17:16see your low, and then you see your
420. 17:18higher high, but then you start seeing
421. 17:19it break down to the downside, then get
422. 17:21away from it. Stay away from it because
423. 17:23then that is probably showing you it is
424. 17:26consolidating or it's breaking rules.
425. 17:28You don't want to be around trends that
426. 17:29are breaking rules. You want trends to
427. 17:31follow the structure that I have shown
428. 17:33you. It's going to be complex. It's not
429. 17:36going to look as pretty as what I'm
430. 17:37showing you. But with these um with
431. 17:42these in mind, I think this will pretty
432. 17:44much help you along the way and help you
433. 17:48overall as a beginner. But this is
434. 17:51episode one and I'm going to continue to
435. 17:54keep making these videos. So with that
436. 17:56being
437. 17:56said, take this into consideration and
438. 18:00overall look at this and say, "Hey, I
439. 18:03understand what an uptrend and downtrend
440. 18:06is and I know what consolidation is." So
441. 18:08consolidation for you for you people.
442. 18:14Consolidation. Consolidation. Boom.
443. 18:18Right. So, next time next time we're
444. 18:20going to talk about or I might as well
445. 18:22just show you an example of what
446. 18:25uptrends and downtrends look like,
447. 18:28right? So, take a picture of this, take
448. 18:30a screenshot of this, whatever you need
449. 18:32to do as a beginner. Um, take whatever
450. 18:35notes you need to take. I'm going to
451. 18:36keep this up for like two more
452. 18:39seconds. Waiting on you. All right,
453. 18:42you're good. Um, we're going to remove
454. 18:45this and we're going to take this. Now,
455. 18:48what you are looking at might seem a
456. 18:50little crazy, but I kid you not, over
457. 18:53time it's going to make sense. So, a
458. 18:57sneak peek, I like to use the one one
459. 19:00hour time frame. Um, in this situation,
460. 19:02I think we should use the let's say 4our
461. 19:06time frame. Let's see if we can find
462. 19:08something that makes super sense to you.
463. 19:11Um, we're going to use this for example,
464. 19:13right? Super cent price is going to have
465. 19:19let's say let's say this is our high
466. 19:21here, right? We have our high and then
467. 19:23we have our low. As you can see, price
468. 19:26has our high has our low. As we can also
469. 19:29see price comes up a little bit, makes a
470. 19:32new high, but this high is lower than
471. 19:34the previous high. So now we have a
472. 19:36lower high right here. Right? We can say
473. 19:38HL and then we have our low right here.
474. 19:41Right? Our
475. 19:42low and then we have our high up
476. 19:47here.
477. 19:49Right? So now we have our LH price goes
478. 19:54down and we create a low. Well, how do
479. 19:57you know that's a low? Because price
480. 19:58reaches a certain point before it starts
481. 20:00to make a shift in another direction. So
482. 20:03we have our lower high once again
483. 20:06because this high is lower than the
484. 20:08previous one. So we have our LH and then
485. 20:11we have our lower low. So lower than a
486. 20:15previous low which is right here, right?
487. 20:18Or you can even use this one down here,
488. 20:20whichever one fits for you. But this one
489. 20:22is a support and we're going to talk
490. 20:24about that later. But we have a lower
491. 20:27low, a lower high. And then we have a
492. 20:29new low, which means this low is lower
493. 20:33than the previous one. So that is a
494. 20:34another lower low. And then we have
495. 20:38another lower high because this high, as
496. 20:41you can see, it was going up high, but
497. 20:43it didn't go higher than this one. And
498. 20:46vice versa, we can literally track this
499. 20:49all the way down, right? We can track
500. 20:52this all the way down. Um, but those
501. 20:55that that's just basic fundamentals. As
502. 20:58we go more in depth, you will start to
503. 21:00understand what you can mark, what you
504. 21:02can't mark, what to look at, what not to
505. 21:03look at, when to trade, when not to
506. 21:05trade. Just continue
507. 21:08to watch the videos that I put out. Um,
508. 21:12but if you have any questions on the
509. 21:14basic trends or the basic fundamentals
510. 21:16of finding a trend, let me know. Comment
511. 21:19down below. But this is the basics of
512. 21:21finding a trend.