Trading Course Day 13: Positioning & Psychology — Transcript

Full transcript

1. 0:00All right. What's good, YouTube? Back
2. 0:02with day 13. Um, today I'mma do just a
3. 0:07talking segment. Um, I'm pretty calm and
4. 0:09collective. So, if I sound like I'm out
5. 0:12of it, I'm not. I'm just calm. Uh, this
6. 0:14is like my calm voice. And, uh, yeah,
7. 0:17like let's talk. So, for the past couple
8. 0:21of months, you guys have been seeing me
9. 0:23hit these trades and, you know, just
10. 0:25overall breaking them down befores and
11. 0:26afters and making so much money and all
12. 0:29this and that, right?
13. 0:31I just want to say that trading is
14. 0:35easier than what you think it is. I I
15. 0:37know a lot of people in this world or a
16. 0:39lot of people in this space will always
17. 0:41make it seem like trading is like this
18. 0:43super hard thing to get into, but
19. 0:45honestly, it's not, right? Um, but yeah,
20. 0:48I choose to, you know, get on this
21. 0:50platform, create a platform, and show
22. 0:54you guys, you know, this, I wouldn't say
23. 0:57this is like the 100% best way to do it,
24. 1:00but I definitely will tell you that the
25. 1:03way that I trade ICC overall will change
26. 1:06your whole perspective in trading. Even
27. 1:09though it's the basics, I think people
28. 1:11kind of skip over the basics of things.
29. 1:13Um, so it's always good to help those
30. 1:16that, you know, may overlook things cuz
31. 1:19you might overlook something and then I
32. 1:21come in and I show you like, "Look, bro,
33. 1:23don't even make it this hard. Do it like
34. 1:25this cuz it's way easier on your brain."
35. 1:28Um, for example. But yeah, just all in
36. 1:31all, like these past couple of months,
37. 1:32I've been showing you, showing you,
38. 1:34showing you, showing you. And now we're
39. 1:36getting to a point where it's like, I've
40. 1:39shown you so many times, you should have
41. 1:41it by now. you should definitely have it
42. 1:43by now. Like if you're watching day 13
43. 1:45right now,
44. 1:47honestly, I would say, bro, you're ready
45. 1:49to trade. Like, if you successfully
46. 1:52watch 1 through 13,
47. 1:55I would definitely say you're ready to
48. 1:57start like actually getting into the
49. 1:59markets and trading cuz I'm big on
50. 2:01people building up. So with me, I don't
51. 2:04like when people get into the market
52. 2:05with $100, $200, $500, you know, like
53. 2:10the old me would have said that, but
54. 2:12it's not sustainable. Not everybody has
55. 2:14the skill to have that proper risk
56. 2:16management and scalability when it comes
57. 2:19to that cuz you have to have proper risk
58. 2:20management to get you from the low
59. 2:22numbers to the high numbers. And then
60. 2:23once you get to the high numbers, you
61. 2:25have to have uh just overall the mindset
62. 2:27of scalability and not being afraid of
63. 2:29bigger numbers. But um I'm big on people
64. 2:33saving up their capital on the side,
65. 2:35having saved income and using that saved
66. 2:38up money
67. 2:39as their trading capital because when
68. 2:42you save up money and you still have
69. 2:44active money. So I always recommend
70. 2:46people freelance or work a job. I'm
71. 2:49never going to tell you not to work a 9
72. 2:51to5. That is like the dumbest [ __ ] I've
73. 2:54ever heard in my life. I used to love
74. 2:56working a 9 to5. Did I like waking up in
75. 2:58the morning? No. But I was making money.
76. 3:01I was happy. Like in a sense of like,
77. 3:04okay, like you know, I'm happy.
78. 3:06Now it's probably it probably would
79. 3:08change, but who knows? Who knows, right?
80. 3:11Things happen for a reason, right? Cuz I
81. 3:13know now is way harder than it was a
82. 3:15couple years ago. And this is not saying
83. 3:18that you should fault yourself for not
84. 3:20getting into it years ago, but this is
85. 3:23definitely me saying that you have to
86. 3:26work twice as harder than you like you
87. 3:30have to work twice as harder now than
88. 3:32you had back then. So, put more pressure
89. 3:36on yourself because if you would have
90. 3:39did this a few years ago, it would have
91. 3:41been way easier. But we're here now,
92. 3:44right? we're talking about right now.
93. 3:46You need to go way harder than what
94. 3:48you're doing. You need to honestly like
95. 3:52[ __ ] what anybody else says with all
96. 3:53this like guru [ __ ] about no 9 to fives,
97. 3:56bro. Go work your 9 to5, pick up two,
98. 3:59start saving up capital. Once you save
99. 4:01up that capital, you need to be learning
100. 4:03while you're saving up money. Do not
101. 4:05touch that money and try to trade with
102. 4:07it. Save it to the side. And then once
103. 4:10you are finally done learning, when you
104. 4:12feel like, okay, I got it. I under I
105. 4:14understand it. Practice on demo while
106. 4:16you do this. And when you see your
107. 4:19stats, and I'm not talking about, oh,
108. 4:20you turned the 100k demo account to a
109. 4:22million dollars. That that doesn't
110. 4:24count. When you see you started with a
111. 4:26100k demo account or $1,000 demo account
112. 4:29if you want to do realistic$10,000,
113. 4:30whatever.
114. 4:32You take that $10,000 demo account,
115. 4:35$1,000 demo account, build it up for a
116. 4:38couple of weeks, couple of months,
117. 4:39however long it feels like you need to
118. 4:41learn. If you're seeing growth, you're
119. 4:44seeing good win rates and good
120. 4:46risk-to-reward and all these things,
121. 4:48then you jump into your life, right?
122. 4:52People misconcrating
123. 4:56in the first place. We're making
124. 4:58financial decisions. You're making an
125. 5:00investment. Um, for me as a swing trader
126. 5:04is more of an investment for a long-term
127. 5:06idea. Um, trading is just overall you
128. 5:09speculating what where the market is
129. 5:11going to go and you're putting your
130. 5:13money behind your your thought process
131. 5:15and your analysis, right? So, most of
132. 5:18the trading stuff does come from, you
133. 5:21know, just overall like how you look at
134. 5:23the charts, how you view the markets,
135. 5:25what do you see in the markets, that's
136. 5:27you, right? But
137. 5:30everything plays a psychological role
138. 5:32because the way that you think about the
139. 5:34charts is all coming from here.
140. 5:38And
141. 5:39you know, I don't want to like get off
142. 5:41off topic, but I definitely like talking
143. 5:45about psychology a lot. So, you're
144. 5:46you're definitely like if you're new to
145. 5:48the channel, I'm definitely going to
146. 5:50talk about a lot of psychology when I
147. 5:52can. Um, but
148. 5:55everything like the decisions you make
149. 5:59you you have to like as a beginner
150. 6:01you're probably thinking in your head
151. 6:03like dang okay let me get into trading
152. 6:05let me try to find a setup so I can get
153. 6:07into a trade right now what do I see is
154. 6:10the like you're kind of like looking at
155. 6:12more of like what's happening now type
156. 6:14of thing like for example if we see like
157. 6:17the markets is rejecting we'll kind of
158. 6:19think in our head oh we should buy this
159. 6:21cuz it's rejecting the downside side
160. 6:23type of thing. That's kind of how you're
161. 6:24thinking. You're not thinking in a sense
162. 6:26of like, hm, what could this do in the
163. 6:28next a week or two or or a month from
164. 6:31now, right? And I think that's what
165. 6:34separates a lot of people. Um,
166. 6:37like I said, I'm not a lot of I'm not
167. 6:39friends with a lot of people in the
168. 6:41trading industry. I try not to hang
169. 6:43around anybody that you know is in the
170. 6:46trading industry and their influences
171. 6:48because you know like half the people
172. 6:51are not traders in general but you know
173. 6:55hey they do they think you know time is
174. 6:58coming the time is wrecking for
175. 7:00everybody. So like you do people bad or
176. 7:02you you you know just overall if you do
177. 7:06people wrong if you lie to people like
178. 7:08your time is coming. Um but yeah um
179. 7:13sorry that I keep saying um I'm just you
180. 7:15know thinking thinking and just talking
181. 7:17to you guys like this is me raw chilling
182. 7:21and just talking to you guys. Uh but
183. 7:24what I would definitely say is
184. 7:25everything is psychological the way that
185. 7:27you think of things as a beginner.
186. 7:29You're going to think of things in like
187. 7:30you're going to think fast money
188. 7:34uh how many trades can I get type of
189. 7:36thing. But like as you start to elevate,
190. 7:39you start thinking of positions. Like
191. 7:41you don't call them trades anymore. It's
192. 7:43like more of like here's a position. I'm
193. 7:45looking for a good position to put
194. 7:47myself in. And you might say that now,
195. 7:49but you really don't have like the
196. 7:50actual mindset of a position.
197. 7:53Positioning yourself is very very
198. 7:56important. Um when it comes to pretty
199. 7:58much anything, right? So think about it
200. 8:01like this, right? when you are playing
201. 8:04like a war game an example or a strategy
202. 8:07strategy war game or something you
203. 8:09always want to put yourself in the best
204. 8:11position right anything in life you
205. 8:14don't want to put yourself in a messed
206. 8:15up position because then you're messed
207. 8:17up right you always want to put yourself
208. 8:19at a good position right when it comes
209. 8:22to going out let me give you an example
210. 8:25people go out and go out every day all
211. 8:28over the world people go party every
212. 8:30single day every single A in this world,
213. 8:33somebody is doing some type of party and
214. 8:35some type of something, right? With that
215. 8:38being said, partying is not bad. I
216. 8:41party. You probably party. Maybe you're
217. 8:43over it. Who knows, right? We all like
218. 8:45to have fun. But there's people out here
219. 8:49that like to have fun no matter what
220. 8:51their finances are, which is a bad
221. 8:53thing. So someone can have their last
222. 8:56$100 and then they know they have to pay
223. 8:59rent in a few days, but instead they
224. 9:01want to go have fun. So they take that
225. 9:03$100 and they use the $100, which then
226. 9:06puts them in a bad position, right?
227. 9:10Okay. Now, person B, so that was person
228. 9:13A. Person B has $100, but he wants to go
229. 9:18out. instead of going out that week, he
230. 9:22chooses to work one more week and then
231. 9:25have $200. I'm just making up numbers.
232. 9:27These numbers are not realistic, but um
233. 9:30next week he has $200 in total. This
234. 9:32time he can go out for that week and
235. 9:34still have $100 when he gets back,
236. 9:37right? Or when he after he has his fund,
237. 9:39he still has $100. That's cool, you
238. 9:42know? So, with this being said, you
239. 9:44always have to think of trading in that
240. 9:46way too as well. positioning will
241. 9:49definitely come
242. 9:51like thinking in the mindset of like
243. 9:53positioning and more of just like I need
244. 9:55to be in a trade and what where's my
245. 9:57entry and stop loss. It's more of like
246. 9:59where should I position myself on the
247. 10:02chart where I can
248. 10:05overall know that the probability of
249. 10:08this setup is going to be high and also
250. 10:11put myself in a good position where if
251. 10:13it doesn't go my way that I can see that
252. 10:16clear as day, right? Cuz there's some
253. 10:19people that put themselves, let's say,
254. 10:21in a late trade. So, they get in pretty
255. 10:24late, a late entry, and they might put
256. 10:27their stop-loss, which is, you know, a
257. 10:30couple points away from their entry, but
258. 10:32it doesn't necessarily mean that their
259. 10:33trade is wrong. Right? You have to
260. 10:35understand something about trading.
261. 10:36Trading is about trends and just overall
262. 10:39market structure itself. Trends, trends,
263. 10:42trends. They're always going to make you
264. 10:43the most money ever, whether it's a
265. 10:45downtrend or uptrend,
266. 10:47right?
267. 10:49People have to realize you have to put
268. 10:51your risk levels or you have to put your
269. 10:54stop-loss levels at points where if it
270. 10:58hits your stop-loss, your trend, your
271. 11:02trade is invalidated,
272. 11:05which then gives you the idea or it
273. 11:07gives you the mindset that your
274. 11:09positioning was wrong. your your overall
275. 11:13idea was wrong. Right? Do not put
276. 11:16yourself in a position where you get
277. 11:19into a trade and it hits your stop-loss
278. 11:20and you still it doesn't break any type
279. 11:23of structure to show you that the trend
280. 11:25is changing, right? Um also well with
281. 11:29this as well. So that was the risk side
282. 11:31of it. What about the making money side?
283. 11:33If you put yourself in a good position,
284. 11:35you have options now. So now you have
285. 11:39options. Same way with person B. He went
286. 11:43to work the second week. Now he has
287. 11:45options. He can either go out this week
288. 11:48or work another week and have 300.
289. 11:51Right?
290. 11:53Trading is the same way. You want to be
291. 11:55able to be in a trade and be able to
292. 11:57make decisions.
293. 11:59Right? Once you get into that trade,
294. 12:02you're in this trade and you're overall
295. 12:03like, hm, you know, I'm up a pretty
296. 12:06decent amount. Price is at my um target
297. 12:09level. H I can probably take partials
298. 12:12here and then try to see if I can hold
299. 12:14for more. Right? That's a decision
300. 12:16because you have a good position. You're
301. 12:18not worried about,
302. 12:21oh, am I going to be at a loss. You're
303. 12:23already at your target point. You can
304. 12:26make a decision about it based off your
305. 12:28position. You might be way like price is
306. 12:32probably way past your your entry level
307. 12:34now. like you're super in profit because
308. 12:38you've been following the trend, right?
309. 12:40And that's what I'm going to show you
310. 12:41guys today. Um, but yeah, these things
311. 12:44really matter. Like when you think of it
312. 12:46like this position and I'm going to keep
313. 12:49saying that cuz it's one of the biggest
314. 12:50things that helped me like instead of
315. 12:52thinking of it as like a trade, I just
316. 12:54put myself in a good position. So then I
317. 12:57can scale out if I want or scale in if I
318. 13:00want. I'm not really big on scaling in,
319. 13:02but um yeah, scaling out. Um that's one
320. 13:07thing. Uh risk is very important. Please
321. 13:10stop risking like all your last dollars,
322. 13:13bro. Please do not do not get into
323. 13:15trading if you have no capital. Please
324. 13:17don't get into trading if you have no
325. 13:19capital on the side to trade with. You
326. 13:21need at least $2,000 to $3,000. Now, I'm
327. 13:26USD, so you convert that to however much
328. 13:29it is, right? Um, and I say this is
329. 13:32because you when you start trading, you
330. 13:37don't want to trade your way out of your
331. 13:40job, if that makes sense. So, basically
332. 13:43what I mean is you don't want to be that
333. 13:46guy that uploads his, you know, he
334. 13:48deposit his $500, $1,000 every week into
335. 13:51a trading account and try to flip it
336. 13:54that same week so that way he can
337. 13:56probably get up to 10 bands and don't
338. 13:58have to go to work next week. No, don't
339. 14:00do it that way. Basically, once again,
340. 14:03do not deposit trying to trade your way
341. 14:06that week out of your job for the next
342. 14:09week or however long you think you're
343. 14:11going to do it. You should realistically
344. 14:13be doing going to work, making a set
345. 14:16schedule for yourself. I don't know how
346. 14:18your life works, but for me, I worked
347. 14:23two jobs. I bought an Apple Watch at the
348. 14:26time. I set alerts on Trading View. And
349. 14:29when I set alerts on Trading View, the
350. 14:31alerts would come up on my phone. I
351. 14:33would or come up on my watch, I would
352. 14:35pull out my phone and I would be like,
353. 14:37"Okay, this is the trade that I want to
354. 14:39get into." Before I went to work though,
355. 14:42I made my analysis. I made I set my
356. 14:45alerts. I had notes on the alerts to
357. 14:48tell me like, "Hey, price is ready to
358. 14:50buy." And if it hits the alert, I pull
359. 14:53out my phone. Oh, price is ready to buy.
360. 14:55Click buy. Set my stop loss. get off my
361. 14:58phone. It takes 1 minute, right? There's
362. 15:01always a way around things. People make
363. 15:02a lot of excuses. Oh, I can't trade cuz
364. 15:05I got to go to work or I can't trade
365. 15:07because, you know, like I don't have
366. 15:09this or I don't have that or I can't do
367. 15:11this or I can't do that. There's always
368. 15:12a way around everything in life. There's
369. 15:16always a way. Always. Always. Um, and as
370. 15:20you start making money, you'll start to
371. 15:22see that if you have money, anything is
372. 15:26possible.
373. 15:27Literally anything in nothing in this
374. 15:30world is impossible. Like it might be
375. 15:33like some you can't and don't think of
376. 15:35like some hypothetical
377. 15:37shark jumps and eats a tiger type [ __ ]
378. 15:40Don't that's that's that's obviously
379. 15:43impossible. But when it comes to real
380. 15:47life situations and things that are,
381. 15:51you know, like when it comes to numbers,
382. 15:53no number is unobtainable. There's a
383. 15:56will, there's a way. There is always a
384. 15:58will and there's a way. It might be hard
385. 16:00to get there. It might be easy to get
386. 16:01there, but there's a will. There's a
387. 16:03way. So, with this being said,
388. 16:06risk. Please don't go in risking your
389. 16:09last dollars. Um, what I like to do,
390. 16:13especially starting off, is definitely
391. 16:15taking, let's say I have $1,000, right?
392. 16:18I put it into an account. And this is
393. 16:20for an example, right? me personally
394. 16:23because when you start trading, you're
395. 16:25trading your way out or you're trading
396. 16:28for becoming a full-time trader, you
397. 16:30want to really risk like maybe 5 to 10%.
398. 16:34And this is what I would do. I'm not
399. 16:37telling you to do this, not financial
400. 16:38advice, but what I would do is calculate
401. 16:42how many trades will it take for me to
402. 16:44lose to blow my account. I look for one
403. 16:47to three risk-to-rewards. So that means
404. 16:49every trade that I risk, if I'm risking
405. 16:51$100, that means I should come out with
406. 16:54$300 to $400 risk-to-reward, right? Just
407. 16:57go watch my risk management video.
408. 16:58You'll pretty much understand it, right?
409. 17:01I like to do it that way. The reason why
410. 17:03I like to do it that way is because when
411. 17:05you're trading or when you're working a
412. 17:07job and you're trading, essentially,
413. 17:09some of you guys are probably making
414. 17:12around like 60 to $90 a day, right? when
415. 17:18you trade, that should be your mindset,
416. 17:20right? But instead, since you're risking
417. 17:23$100 per trade, $300 in a day, $400 in a
418. 17:28day, you should be happy for these
419. 17:30trades.
420. 17:32Since you're happy, it only takes two of
421. 17:34these trades a week to make your
422. 17:35paycheck. You only need two solid trades
423. 17:37a week. Two solid trades. Two trades,
424. 17:40not 20. Two trades. You only need two
425. 17:43trades, right? And how the market works
426. 17:45is it's not always going to give you
427. 17:47exactly $300 or $400. You might have a
428. 17:50big day where you sitting in a trade and
429. 17:52it goes all the way down crazy more than
430. 17:56your TP and you make $700 in a day. Once
431. 17:59again, it goes back to positioning
432. 18:01yourself. Position yourself correctly.
433. 18:04You'll get whatever you like. You'll
434. 18:06you'll get a better outcome, right?
435. 18:09Trade in session two. Just go watch all
436. 18:11the videos I've made so far because I'm
437. 18:14pretty much repeating myself. But
438. 18:17listen,
439. 18:19trading is not as hard as people make
440. 18:20it. I will stand on that until somebody
441. 18:23shut me down, right? I will stand on it
442. 18:26forever, right?
443. 18:29life in general.
444. 18:31Like I don't want to sound like
445. 18:34political or anything, but even when it
446. 18:36comes to life, bro, like
447. 18:40some of the things in life are not hard
448. 18:42for people to do, but we tend to
449. 18:44overthink things. We tend to overdo
450. 18:47things. Um, you know, like things are
451. 18:51going to be an obstacle, but you're
452. 18:54human. Push your limits. Push your
453. 18:57limits. I think we use like I think it
454. 18:59was like a thing. I'm not sure on the
455. 19:01percentage, but we only use a certain
456. 19:03percentage of our brains. Think about
457. 19:06it, bro. You have a lot of a of
458. 19:09potential. You have a lot of potential.
459. 19:12You just have to literally push yourself
460. 19:14to the brink of your limits. Literally
461. 19:17just push through your limits.
462. 19:20Bro, I'm telling you, bro. I used to be
463. 19:23the I was never like I I wasn't always
464. 19:25this way. Like I was a smart kid in
465. 19:27school with like books and stuff because
466. 19:29like books is easy. It's easy to
467. 19:30remember [ __ ]
468. 19:33But when it comes to this mindset that I
469. 19:35have now, I didn't have this when I grew
470. 19:37up or when I was 16 and homeless. I was
471. 19:40homeless at 16. 17 I found my biological
472. 19:43mom and 18 I found trading. And even
473. 19:46when I found trading, bro, I was still
474. 19:49super um irresponsible when it came to
475. 19:52finances. My mindset was just, oh, play
476. 19:54video games and talk to girls. That was
477. 19:57my mindset back then. Like, I've built
478. 20:00this because of trading. Trading has
479. 20:02made me build this mindset.
480. 20:05Trading has truly made me build this
481. 20:07mindset and eliminate greed and
482. 20:10eliminate a false hope in a trade or um
483. 20:13marriage in a trade. It made me leave so
484. 20:16much behind. Revenge trading has made me
485. 20:19leave so much behind. But these lessons
486. 20:22have also taught me in life how to think
487. 20:25properly, how to basically go about my
488. 20:29or how to think properly, how to go
489. 20:30about my day, how to talk to people, how
490. 20:32to just overall be a better human being.
491. 20:36Trading is something that will crush
492. 20:38you, but it will also build you into the
493. 20:40new person. So when it comes to this,
494. 20:42please come in with an open head, open
495. 20:45mind. When you have an open mind, open
496. 20:47heart, don't be gullible. Don't be, you
497. 20:50know, uh, just don't fall for
498. 20:53everything, but when it comes to this
499. 20:57trading game, open your mind to things,
500. 21:01but also keep it very simple. Don't let
501. 21:04these people fool you into thinking
502. 21:05trading is super hard. And that is my
503. 21:08tech talk. I hope you guys enjoyed.
504. 21:12I love you guys so much, bro. I once
505. 21:15again I'mma always tell you guys like
506. 21:16thank you for pushing ICC and we'll
507. 21:19continue to push this continue to push
508. 21:21the movement. I'll be in London in on
509. 21:25Monday. I'm throwing an event on Monday.
510. 21:27I'll be there Sunday, but I'm throwing
511. 21:29an event on Monday and then I'm back in
512. 21:31the United States in like seven more
513. 21:33days. So, next year we're going to do a
514. 21:35tour. Um I'm still trying to decide if I
515. 21:38should do the stream in November. I
516. 21:39really don't want to do the stream in
517. 21:41November. It's not because I don't want
518. 21:43to stream, but I definitely want to show
519. 21:46you guys more trades live action. Um, I
520. 21:51think it'll be very helpful and just
521. 21:52overall grow us even more. Some people
522. 21:55are I see uh a few haters sometimes
523. 21:58they'll be like, "Oh yeah, I can't wait
524. 21:59for him to stream so he can [ __ ] up."
525. 22:04Yeah, I'm not [ __ ] up. Anyways,
526. 22:07um yeah, that's pretty much it. Let's
527. 22:09get into the breakdown of today and let
528. 22:11me teach you guys something when it
529. 22:13comes to the charts because for some
530. 22:15reason people only think charts matter,
531. 22:17but psychology, everything I just talked
532. 22:20about, that is more important than what
533. 22:22I'm going to show you now.
534. 22:26All right, I'm making this video prior
535. 22:27to anything happening. Uh, as you can
536. 22:30see, price on BTC, we had that selloff,
537. 22:33of course, the drop, quote unquote.
538. 22:35Everybody says, "Oh, because of Trump."
539. 22:36Of course, Trump influenced it to um
540. 22:40push down more and it gave it more
541. 22:42volume, but overall the structure in the
542. 22:44beginning was bearish in the first
543. 22:45place. So then we came to the support
544. 22:47level at 110. 110 ended up pushing up
545. 22:50all the way to 115 before 115 got into a
546. 22:54level of where sellers were at. Right?
547. 22:57So from here price ended up selling down
548. 22:59to 110 again. Failed to break. Tried to
549. 23:02push up failed to go any higher than
550. 23:04113. So now we have a lower high in the
551. 23:07market. So because of this lower high
552. 23:10now price is pushing down looking to um
553. 23:13retest or try to rebreak out of 110. If
554. 23:17we get a break below 110 I have an alert
555. 23:19at 109. Anything under 109. You know BTC
556. 23:24is obviously bearish. But the reason why
557. 23:26I'm saying that is because I'm looking
558. 23:28for Salana to continue to sell. I'm
559. 23:30looking for Salana to continue to sell
560. 23:32under 189. Once it goes under 189, it
561. 23:36will start heading to 173. And then from
562. 23:39173, we'll be looking for 155. Um,
563. 23:43overall, as you can see on Salana, we
564. 23:46can have
565. 23:48uptrend. So, we have a higher high,
566. 23:50higher low, higher high, higher low,
567. 23:51higher high, higher low. Um, price
568. 23:54didn't make a higher high, but it did
569. 23:56make a higher low, which then ended up
570. 23:58still being bullish, which is cool.
571. 24:00price higher higher high boom and then
572. 24:02we have a break of structure here. So we
573. 24:05have a break price tries to pull back up
574. 24:08to redeem itself. So this was when that
575. 24:10drop happened uh or this is before the
576. 24:13drop price ended up redeeming itself
577. 24:15making a lower high and then ended up
578. 24:18making a lower low. Now we have another
579. 24:20lower high looking for that lower low.
580. 24:22So overall all in all we're looking for
581. 24:25Salana to go bearish under 191. Once it
582. 24:28goes bearish under 191, you know, we we
583. 24:31just sell price. So, yeah, I'm making
584. 24:33this video before anything happens. Look
585. 24:36at price. Literally, look at price. Look
586. 24:37at the time stamp. Look at the time
587. 24:39stamp.
588. 24:44All right. So, currently I'm in a swing
589. 24:46trade for $8.5 million and I've been
590. 24:49calling Salana for like the past two
591. 24:51weeks. Um, I really think crypto is just
592. 24:54gonna take a huge, huge, huge dive, but
593. 24:57I'm not the crypto guy, so what do I
594. 25:00know, right? But technical analysis
595. 25:02wise, it just doesn't really look too
596. 25:04good. So, I'm going continue to sell
597. 25:06just based off the technical analysis of
598. 25:08it and until I see signs of bullish,
599. 25:10then I'll get out. But right now, I'm
600. 25:12holding that swing trade for $8.5
601. 25:14million. And overall, like I don't I
602. 25:17don't think I'm going to get out anytime
603. 25:19soon. So, with that being said, uh I'm
604. 25:21going to show you guys uh just the setup
605. 25:23that I've already shown in Telegram and
606. 25:25I posted on Twitter, but I'm going to
607. 25:26show you guys on Instagram, too. Bro,
608. 25:28you can tell I've been locked in. Like,
609. 25:30look, bro. Your bre's grown a beard in
610. 25:33like two weeks. But,
611. 25:36all right. So, as you can see, this
612. 25:38level of support had buyers pushing
613. 25:40price up from this level. So, anything
614. 25:42under this level would have been
615. 25:43indicating that price is selling, right?
616. 25:45So, we got that sell-off last week which
617. 25:48ended up coming down to 173. Price ended
618. 25:51up correcting in the market. I went down
619. 25:53to the 4hour time frame. When I go to
620. 25:56the 4hour time frame, you can see that
621. 25:57the market stops at 210. Once it stops
622. 26:01at 210, you can start to see more lower
623. 26:03highs are coming into the market. And
624. 26:05then anything under that level, which is
625. 26:08192, we're selling price all the way
626. 26:10back down to 173 and looking for 173 to
627. 26:14break and go down to 150. So once again,
628. 26:17192 is the level where buyers had
629. 26:19control above. So the moment that price
630. 26:22came back under 192, it had selling
631. 26:24momentum to 173, which it did once
632. 26:27again, which is what I sold.
633. 26:32All right, guys. So currently we are
634. 26:35looking at BTC and Salana. So as you
635. 26:38seen in day 12, Salana was like right
636. 26:42around this level if I'm not mistaken
637. 26:44somewhere around this level. Um and I
638. 26:47was telling you guys how we was looking
639. 26:49for price to be bearish um under 190. It
640. 26:52came under 190 went to 173. So this is
641. 26:56me basically showing you the after. Um,
642. 27:00and just all in all, I I really want to
643. 27:02say, let me turn this off because I
644. 27:05don't like looking at my face sometimes.
645. 27:07Um, but when it comes to trading, I
646. 27:10really want you guys to understand that
647. 27:12it is very simple. Uh, you have to make
648. 27:15it simple for yourself. So, I'm going to
649. 27:17show you some ways um that can basically
650. 27:20help you overall think and have a good
651. 27:22thought process when it comes to
652. 27:24trading.
653. 27:25So, um, like I explain all the time,
654. 27:29levels or swing highs and swing lows,
655. 27:33think of it in a sellers and buyers
656. 27:35mindset all the time. I don't care what
657. 27:39you think it could be. Just think of it
658. 27:41as in a buyers and sellers mindset. So,
659. 27:44the last video I showed you, this is a
660. 27:47level of where buyers were super strong
661. 27:49at. The reason why we know that price is
662. 27:52super strong at this level is because it
663. 27:54was going down, it was selling to a
664. 27:58point until it completely shift.
665. 28:01So we can visually see this, right? We
666. 28:03can visually see the drastic change that
667. 28:06price has made.
668. 28:08So when we look at things over here, we
669. 28:10can see that price drastically changed
670. 28:13at this point and ended up selling down,
671. 28:16right? And that goes for anything. So
672. 28:18here d d d d d d d d d d d d d d d d d d
673. 28:18d d d d d d d d d d d d d d d d d d d d
674. 28:18d d dic change
675. 28:21here stops here kind of sits here that's
676. 28:24cool that means something's here right
677. 28:26something's here price then has a
678. 28:28drastic change from here to here and
679. 28:31then we just have drastic changes
680. 28:33they're small but they are very
681. 28:35important right even here price gets up
682. 28:38to a point and it stops here hm I wonder
683. 28:40why it stops here because there are
684. 28:43sellers at this level that is very
685. 28:46important All right.
686. 28:49So, really when it comes down to swing
687. 28:51highs and swing lows, it's more of a
688. 28:53visual cue. Um, something that comes
689. 28:56over time or, you know, like for me,
690. 29:00highs and lows and lower highs and lower
691. 29:02lows have never been hard to me. Like,
692. 29:04you can visually see it. I think people
693. 29:07are probably zoomed in too much. Um, I I
694. 29:11don't know exactly what it is that you
695. 29:13guys struggle with when it comes to
696. 29:15finding the swing highs and swing lows.
697. 29:17Some people ask about what candle
698. 29:19formation it has to make. Is more of a
699. 29:23visual cue, not like, oh, price needs to
700. 29:26have one green bar and one red bar for
701. 29:28it to count as a swing. It doesn't work
702. 29:30like that. swing high just means that
703. 29:33price comes up to a certain highest high
704. 29:35point and then it goes the completely
705. 29:38opposite direction because of a
706. 29:40reaction.
707. 29:42Right?
708. 29:43So when it comes to this um I just
709. 29:47overall want you guys to know anything
710. 29:51under here. So if we have buyers here,
711. 29:55if price is broken under this level
712. 29:59before
713. 30:00this right here, this movement that
714. 30:03price has made. So from here to here,
715. 30:07this movement right here, price is going
716. 30:10to repeat this if price does it again,
717. 30:14right? It's going to repeat this
718. 30:15movement once again. So when it breaks
719. 30:18again under this level, it's going to
720. 30:20repeat this movement because
721. 30:24essentially what is going on is because
722. 30:27we have buyers here, right?
723. 30:32We have buyers here. The moment price
724. 30:35breaks below buyers, they become
725. 30:38sellers. They switch up, right? So
726. 30:41sellers.
727. 30:43So the moment price switches up,
728. 30:46anything under here is sellers. But what
729. 30:49essentially is going on is these sellers
730. 30:51are trying to find buyers. So it's going
731. 30:54to continue to sell until it runs into
732. 30:57buyers, right? So then when price runs
733. 31:00into buyers, they exchange. So
734. 31:03everything is now equaled out, right? So
735. 31:06now sellers run out because that means
736. 31:09there's enough buyers here to get all
737. 31:11the sellers out or to equal up with the
738. 31:13sellers. But then buyers become way
739. 31:17stronger because they've been sitting
740. 31:19down here. Buyers have been sitting down
741. 31:21here, but we've just now discovered
742. 31:23there, right? This move has discovered
743. 31:26that this is a zone of where buyers are
744. 31:28at, right? So think of it like this.
745. 31:31Right? Now, anything down here is an
746. 31:34imaginary zone for us. Let's think about
747. 31:36it that way. I know some people are
748. 31:38going to be like, "Oh, bro, you can just
749. 31:39use an indicator to see the levels." I
750. 31:41don't want to do that. I want to let
751. 31:43price show me that is the level that
752. 31:46it's going to do. When we're not
753. 31:49predicting what what price number or
754. 31:51what price level price is going to have
755. 31:53buyers at, we're letting price show us
756. 31:56with reactions and price action and
757. 31:59market structure. We're letting that
758. 32:01show us where it's at. Right? So, with
759. 32:04this being said, there's imaginary
760. 32:05levels down here that we don't know
761. 32:07about, right? So, when it comes to that,
762. 32:10we let price make that decision.
763. 32:13So,
764. 32:16when price is selling, so here, we'll
765. 32:19put this back up. Selling, they equal
766. 32:22out here.
767. 32:24Boom. Sellers gone. Now, we just have
768. 32:26buyers. buyers then since they've been
769. 32:29sitting here for so long, they have a a
770. 32:31a substantial amount of buyers.
771. 32:34So then you'll start to see a reaction.
772. 32:38You'll start to see that reaction
773. 32:39because buyers have been sitting here
774. 32:41waiting for their moment to be seen. And
775. 32:43once they're seen, they become popping.
776. 32:46So they become popular or they become a
777. 32:48lot because they've been sitting down
778. 32:50here for so long.
779. 32:52And now the spotlight is on them. So now
780. 32:55they're going to use that spotlight to
781. 32:56try to take advantage of much as the
782. 32:58market as they can. So then what happens
783. 33:01is you start to see that the market
784. 33:02starts to have a reaction and start to
785. 33:04push up.
786. 33:06There will then be a point where price
787. 33:09or sellers will no longer tolerate this
788. 33:13because once again this shows us sellers
789. 33:16are in this market in this trend right
790. 33:20this is letting us know that the market
791. 33:21is in this trend. Then we have this
792. 33:24correction which is basically
793. 33:27the buyers trying to fight back as much
794. 33:29as possible.
795. 33:32This is why break and retest is not the
796. 33:34best way to look at this either because
797. 33:36there will be some times where price
798. 33:38breaks comes back and you might think
799. 33:41it's a retest and it just keeps coming
800. 33:43back, keeps coming back, keeps coming
801. 33:45back. Think of this as just a regular
802. 33:47pullback.
803. 33:49How we know when the pullback is over?
804. 33:51Quite simple. So whenever you're looking
805. 33:55for this correction, you'll start to see
806. 33:56the market structure change. So if
807. 33:59you're in sales or if you see a sell
808. 34:01indication, so this is what I'm, you
809. 34:04know, dragging my finger across. This is
810. 34:06the initial move that caused an
811. 34:08indication. An indication is at the end
812. 34:11right here. So this is where the
813. 34:13indication is. This is the breakout.
814. 34:15This is where the indication is. The
815. 34:18indication is telling us from this
816. 34:20breakout price is coming to this point
817. 34:23indicating us right. This is indicating
818. 34:26us that price is coming here. Then we
819. 34:29have the correction. The correction is
820. 34:30normally after the indication and this
821. 34:33is just basically the opposite trend or
822. 34:36the opposite side fighting a back
823. 34:38whatever the indication was. So the
824. 34:40indication is bearish. The correction is
825. 34:43going to be bullish.
826. 34:46So the best way to get into the
827. 34:50continuation is to know when price is
828. 34:52going back bearish. How do we know that?
829. 34:56Well, this initial indication is already
830. 34:58signs that price is bearish. It is
831. 35:00strongly bearish. So anything under this
832. 35:03black line is going to be our best
833. 35:05probability that price is going to do
834. 35:07the same thing because remember buyers
835. 35:09are sitting here but once price is under
836. 35:11here it is bearish. So, if we're on a
837. 35:14correction and we're looking for price
838. 35:16to be bearish, it would just make sense
839. 35:19to sell back under here because we know
840. 35:22price is bearish. Once again, let me
841. 35:24repeat. If buyers are here pushing price
842. 35:27up,
843. 35:29if we break here the first time, this is
844. 35:32showing us price is bearish to this
845. 35:35level. So, price is bearish from 190 to
846. 35:39173. Right?
847. 35:42Because of that, we have a correction.
848. 35:45So if you are confused on when the
849. 35:48correction is over, sell back under the
850. 35:51level that showed you price was bearish
851. 35:54in the first place. So sell back under
852. 35:57190 because then we know buyers are no
853. 36:01longer here,
854. 36:03right? So with all this being said,
855. 36:07make it as simple as possible for
856. 36:09yourself. Trading is not as hard as
857. 36:12people make it. I've shown this time
858. 36:14again. You can go back on my channel.
859. 36:17You can go through my Instagram
860. 36:18highlights. Trades by on Instagram. You
861. 36:21can go through Telegram. My videos,
862. 36:23constant videos of me showing before and
863. 36:26after. It is the same thing, the same
864. 36:28setup.
865. 36:30If a level shows us that price from this
866. 36:33point to this point is going to be
867. 36:35bearish,
868. 36:37that's all we have to do is wait for
869. 36:39price to come back under that level and
870. 36:41sell it again. Now, there's a little bit
871. 36:44more of an advanced tip to help you out.
872. 36:47Since you're looking for price to be
873. 36:48bearish, there's always good signs to
874. 36:50try your other swing highs and swing
875. 36:52lows. So, notice how price went on this
876. 36:54correction and got to this point, this
877. 36:56high, right? It got to this high. price
878. 36:59tro down. Remember, there's buyers here.
879. 37:02So, this black line, remember, there's
880. 37:04buyers here, right? Strong buyers.
881. 37:06Buyers ended up pushing price all the
882. 37:09way up
883. 37:11to its highest point over here, right?
884. 37:14So, there's a lot of strong buyers here
885. 37:16because they made this whole trend.
886. 37:18Remember, look, this was a downtrend at
887. 37:20first, but the buyers here at this level
888. 37:23pushed price up so hard. So the fact
889. 37:26that prices got those buyers have gotten
890. 37:28bypassed and broken this shows that
891. 37:31under this level buyers have no strength
892. 37:35right because buyers didn't want to let
893. 37:38price go any lower this time but price
894. 37:41let price go lower this time. So that
895. 37:43means buyers are now weak in this market
896. 37:45under this level. Right? So with that
897. 37:49being said things to help you out. price
898. 37:53gets up to this level high,
899. 37:56rejects because there's buyers here. So
900. 37:58then it tries again to break out at this
901. 38:00high, fails to do so. Right? I'm big on
902. 38:02candle closes. Um for me, candle closes
903. 38:06are very very important because this is
904. 38:09basically saying like, hey, this is a
905. 38:11closed deal, right? So with me, these
906. 38:15will go here. We can now see that price
907. 38:18has a high, a low,
908. 38:21a lower high because this this high is
909. 38:24lower than the previous one, right?
910. 38:26Boom. So now we have this and this.
911. 38:30Then you see price break out of that
912. 38:32level where you see there are buyers
913. 38:35here. So this level here had buyers
914. 38:37here. Then you see price break under
915. 38:40that level. This is signs that price is
916. 38:42going bearish. So then you sell price
917. 38:46from here to down here. Your stop loss
918. 38:49will always go above the reaction. So
919. 38:52wherever that lower high is and price
920. 38:54pushed up again, made another lower high
921. 38:56rejecting the upside and then push down.
922. 38:58So your stop loss will always go above
923. 39:00the lower highs. So if you're in a sell,
924. 39:03your stop loss goes above the lower
925. 39:04highs. If you're in a buy, price will
926. 39:07always you will always put your stop
927. 39:08loss under the higher low. So your stop
928. 39:11loss will be here. Your entry will be
929. 39:13here.
930. 39:14Right. So, let's turn this green for
931. 39:17you. Green,
932. 39:19red,
933. 39:21and that's how it's supposed to go.
934. 39:23Right. So, with that being said, don't
935. 39:25make it super complicated. Um, keep it
936. 39:29as simple as possible. Um, overall,
937. 39:32like, don't make it as hard as you like,
938. 39:35don't make it as hard as people say,
939. 39:36bro. Literally, don't make it as hard as
940. 39:38people say.