This video provides a comprehensive guide for aspiring day traders, outlining a foundational process from understanding market mechanics and psychology to developing and testing trading strategies, aiming to offer a clear path to starting a trading career effectively.
Mind Map
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In this video, I'm going to show you
exactly how I would start my day trading
career over again if I had to start from
scratch. And before getting to a point
of developing an entire process and
setting my trading up to be able to
scale to three, sometimes $5,000 single
profit days, I realistically wasted
years of my 20s with thousands of hours
of being confused and also thousands of
dollars that I didn't need to waste had
I have known the information and the
foundation that I'm going to share with
you in this video. So, I'm going to
start with foundational information. So,
a simple way of looking at trading to
start with the basics. Then I'm going to
show you the websites and the tools that
you're going to need to follow along
with this process. I'm going to talk
about trading psychology, which is
probably the most important thing that
will either make or break your trading.
A simple way to understand trading math
that can be really confusing in the
beginning, as well as a complete crash
course of the most important things that
I know about technical analysis. Then
I'm going to show you how to build and
test your own strategies. Then at the
end, I'm going to show you how we can
take everything that we've learned.
We're going to apply them into a real
life scenario to show you working them
in real time. So, by the time you make
it through this entire video, you're
going to have a clear-cut, simplified
path to starting your trading career
properly. Okay. So, let's first start
and set the foundation by understanding
how trading works and how we should be
looking at the market. Okay? There's a
lot of technical elements that can be
really confusing and if you learn bits
and pieces of it, it can throw you off
the rails. This is a very simple way to
understand how the market works and how
the mechanics of it work. So, over here
I have a chart open, but right now we're
not going to worry about anything other
than how and why the market is moving.
Okay? So whenever we're looking at a
chart, which in this case is this blue
line, we're looking at increases and
decreases. So all the chart is showing
us is a visual representation of mass
human psychology. Meaning that there are
buyers and there are sellers. Now this
is done with algorithms. This is done by
physical trading. This is done in all
sorts of different ways. So it's not as
simple as people just clicking buy and
sell, right? But the general premise is
the market is adjusting to fill
imbalances which are caused by supply
and demand. So how this works is like
this. Let's take right here for example
in this part of the chart when price is
moving up that means that there is
demand from buyers and supply from
sellers. If the demand outweighs the
supply the market is going to move up
until there's another point where supply
starts to outweigh the demand and the
market will correct until once again
there's more demand than supply and that
will sort of bounce back and forth which
is going to produce something called
volatility. Now volatility is basically
anytime there are drastic big moves in
the market. These are going to open up
trading opportunities for us later. So
simply put, as traders, our job is to
find areas of the market where we can
enter at a certain price, have the price
increase to another price. Then however
many of these we bought times the
increase is going to give us our profit.
So if we bought a 100 of these units at
$200, and it increases to 205, that's $5
in profit per 100, which is going to
give us $500 in profit. But let's take
another layer deeper to start
understanding where these intraday
opportunities come from. So, let's take
a one-year starting point as an example.
Over the course of a year, this is the
general stock market. We can see
anywhere from 10, 15, 20, even 30% gains
in an individual year. That means that
if we were to buy $100 worth of S&P at
this point and price increases, we now
have $130 and technically our total risk
implication is if everything were to
melt down and technically go to zero,
we're technically risking $100. This is
the concept of investing. Now, you're
only going to get, say, 10, 20, 30% in a
good year, but usually right around 10%.
So, effectively, we'd have to wait an
entire year to get between 10 and 30%.
Which is good if you're dealing with a
lot of money. But, if you're trying to
scale a small amount and make an income
off of it, you need to have a tremendous
amount of capital. Otherwise, you have
to find other opportunities in the
market. Now, what happens if we zoom in
to just this one small area where now
instead of looking at an entire year's
worth of movement, we're now looking at
individual days worth of movement. So
we'll take today for example and now
even in a single day we had this amount
of movement to the upside and this
amount of movement on the downside. So
instead of waiting an entire year if we
were able to enter here and sell
somewhere up here and now still risking
$100 just with this single move we would make
make
$341. This would happen in the matter of
1 hour. We can have multiple of these
opportunities in a single day, which
allows us to go from making say $30 in a
year to be able to take that same amount
of risk and be able to make 67 $800 in a
single day risking $100. Okay? But as
the numbers get smaller and we're
dealing on a zoomedin one day view, the
math and the strategy behind this starts
to get a lot more complicated and it
gets more important to know how to do
this to properly calculate your risk.
Not only that, but we need to know where
we're buying and selling and the
likelihood of that happening. So, just
as an example, if you're new, you're
especially not going to understand
exactly how this works, but this is a
trade that took about 2 hours where I
was basically able to pick an area where
I expected for the price to
significantly drop, enter in, actually
be able to make profit from the market
going down, which even a lot of people
don't understand that you can do,
especially good when markets are moving
down to know how to do this skill. And
you can see I followed this down for
hours, going up $2,400, $2,600, $3,000,
nearly $4,000 for taking the trade off
for full profit. And I was only risking
$500 that I was able to make over $3,000
in about 2 hours. Okay, this isn't to
brag. It's just to show you that if we
can use this ideology and framework on a
daily basis, these are the opportunities
that if you lock in and take it
seriously that are going to be on the
table for yourself. But before that,
let's talk about all the tools and
websites that you're going to need to
set this up for yourself and start as a
beginner. Okay, so realistically, you're
going to need three major things. First
thing is going to be Trading View, which
is where we're going to be doing all of
our charting and analysis. That's going
to be your home base. The second thing
that you're going to need is some sort
of way to actually place trades. Now,
you're going to need some experience
before actually doing this, okay? But
considering I trade cryptocurrency, I
like to use Blofin or Bybit. I'll show
you how specifically to use those a
little bit later into the video, okay?
And if you're looking to trade stocks, a
lot of our traders are using
topstep.com. The third thing that you're
going to need is a trade journal, which
I'm going to provide to you, but more on
that later. Once you make your way into
Trading View, you're going to have a
screen that looks something like this.
What you're going to want to do is click
on products here and click on super
chart. That's going to bring you to a
plain chart like this. Now, when it
comes to style and really setting this
fully up, I have an amazing video you
can go through that I'll bookmark at the
end of this video, so you can watch that
after and get fully set up. What I like
to do when I'm trading is take my
trading view, put it on one side of my
screen, and I'll take my trading
platform where I can input my orders and
I'll put it on the other side. So, now I
want to share with you some fundamental
trading information so you fully
understand the approach you take with
trading. So, anytime you're placing a
trade, you're basically selecting what's
called a pair. Now a pair is going to be
any sort of asset that you're either
buying or selling against the value of
the US dollar. Okay? So this is Solana
versus the US dollar which is going to
maintain a pretty consistent value and
Solana will either go up or down against
that value which is going to create
price movement. The way we manage our
pairs is using something called watch
list which is over here on Trading View.
Okay. So, for example, if you're
creating a new watch list, we can click
this plus button here. And if we want to
go to cryptocurrencies, we can click on
Bitcoin, XRP, soul. We can start
selecting different cryptocurrency pairs
to have in a list here, which will allow
us to flip between and to have access to
viewing how these individual charts are
moving. So, when I'm looking at a chart
here, you'll see we started off with a
line chart. So, it's basically a line
showing how the price is moving. And
then I can switch between something
called candles. So candles are a better
way of getting information as a day
trader. Okay. So the way candles work,
okay, considering this is a green
candle, that means that price started
here, went as high as this point, as low
as this point, and ended up closing
right here. And that's why our candle is
green. That's the body of the candle. So
we had the total movement up in the
highs and lows. Same is true for a red
candle, only the open happened here. The
close was lower than the open, and the
highs and lows remain the same, giving
us a red body. If we go back over to our
chart here, right, I have black and
white, so it's a little bit different.
Still looking at a similar example here.
We had the candle open, we had the
candle close, the highs, and the lows.
And then say for example, this candle
opened here, closed here, and the high
and lows were here. Okay? And these
candles are going to show us different
information depending on the chart
frequency that we choose. So for
example, we have up in our top menu
here, chart frequencies between anywhere
from 15 seconds to one full week. So
you'll notice I have two sideby-side
charts of Ethereum. On this side, we
have 5-minute Ethereum chart. And over
here, we have a 1-day Ethereum chart.
This green box is the same green box on
both sides. Only this is one candle
showing us the open price, the close
price, and the highs and lows. And if we
notice over here, this is the high, the
low, and this was the total movement
over the day, but in 5minute increments
opposed to a 1-day increment. And
there's different combinations that we
can use, but the lower you go down into
the time frame, each candle is going to
show you, in this case, 5 minutes worth
of movement opposed to a whole entire
day of movement. Okay, so now let's get
into a section talking about trading
psychology. This is the most important
part that will either make or break any
progress that you make throughout this
process. Okay, this is what will keep
people caught in a cycle of never
getting better or will allow people to
sort of skate through trading and get
better really, really quickly. Okay, so
I've identified three major things that
you need to retrain your mind around and
I'm going to explain to you exactly how
and why this works so that once you get
through this section of the video,
you're going to have an aha moment and
it's going to clear you up to be able to
proceed and learn and get started with
trading the right way. So, I've boiled
it down to these three main points,
okay? And the first thing that you need
to retrain your mind out of is that
losing is inherently bad. We're human
beings and anytime you lose at
something, this is viewed as you're not
sufficient, you're not doing a good job
or something needs to be changed to make
you be able to perform better. This does
not apply to trading and you really need
to understand that as weird as that
concept sounds and you're going to
understand why in a second. The next
thing is being wrong is bad. This kind
of ties into losing. Being wrong and
losing money we view as human beings,
there needs to be a corrective action to
fix that behavior. In trading, this is
not the case at all. you actually need
to completely flip this on its head. The
third thing is the misconception that
making money on a trade makes it a good
trade. This is not the case whatsoever.
So let's look at this example so you can
understand why thinking losing is bad,
being wrong is bad, and why making money
no matter how is good. Okay, so think of
it this way. Anytime we're buying into
the market, one of two things is going
to happen. It's either going to move up
and we're going to make money or it's
going to move down and we're going to
lose money. How we actually go about
that as traders is what is going to
dictate whether we're successful
long-term or not. So, let's look at it
this way. Anytime we're entering the
market, we need to number one figure out
how much we're trying to risk. Whether
it's a percentage or whether it's a
dollar amount. Say we want to risk $100,
for example. That means that if we enter
right here, we need to make sure that if
price moves down to this level that
we're only risking $100. And in doing
that, we can ensure that if this moves
up 3x more, now we know exactly how much
we're expected to win and how much we're
expected to lose. So let's take that
same exact example. We have our one unit
of risk, which we know is $100 for 3x
positive units of risk if we're right.
So let's say for example, whatever we're
buying is valued at
$15,352, and we want to risk exactly
$100 on this trade. That would mean that
we'd pull up our calculator. And I'm
going to show you a really cool simple
way to do this afterwards, but I want
you to understand the math of how we're
actually going to be calculating risk.
Right? If we want to position an entry
in the market, we're going to take our
entry value at 152. Okay? And say our
stop-loss level or this level where
we're going to get out for a contained
loss is at 150.52. So, we're going to
subtract by the stop-loss value and
that's going to give us three. Now,
we're going to take the dollar amount
that we want to risk and divide by
three. And that's going to give us 33.33
units to effectively buy in at to ensure
that if this moves against us, we're
containing the risk to $100. And we know
exactly what to expect if the trade
moves in our direction. So, anytime
we're looking to enter into a trade,
we're already positioning ourselves to
accept the fact that we can be wrong and
we can lose. And in order to actually
get into the market and open ourselves
up for the potential of making money, we
have to accept that we could potentially
be wrong. In that sort of same mind
process, a lot of people think they need
to be right all the time to actually
make money in trading, which is 100% not
true. So let's take this for an example.
Say we take a total of 10 trades. We've
contained our risk that every time we're
losing a trade, we're losing -1 unit of
risk. So we have 1 2 3 4 5 6 7 losses
and three wins. But when we're making
these wins, we make 5.2 2 times what
we're risking, 2.5 what we're risking,
and 3.1 what we're risking, which is
going to give us a sum of 10.8. And on
the loss side, it's going to give us a
sum of -7. We lost 70% of the time,
winning 30% of the time, which is going
to give us a net total of plus 3.8 risk
factors. So once again, we're risking
$100, which is going to leave us with a
profit of
$380 being wrong 70% of the time. If you
want a really easy way to do this
position sizing automatically on chart,
you can click into indicators. You can
search up it position calculator. This
is a calculator that we made on the
private side of our trading team. I'm
giving it to you guys for absolutely
free. You can click onto this and then
basically you can click right here at
your entry where you want to take profit
and where you want to set your risk to.
Then you can actually input your dollar
amount risk. Say I want to risk $100.
Hit apply. And that's going to show you
the exact quantity that you need to
enter in at that exact amount to risk
$100 if the price is to move against
you. So, if we go through our trading
thinking that losing is bad and being
wrong is bad, we're never going to put
ourselves in market situations where we
can actually allow ourselves to be
right. The losses that you take are
simply opportunity costs to be able to
get into the market. Understanding that
making money does not make a trade good
or bad. It's about following the
specific process that you know is going
to be repeatable while keeping your risk
contained. If you're just going into
stuff and putting a bunch of money into
it, you're not quantifying your risk.
you don't know if it's going to work
over time or not. By studying it and you
make a bunch of money, you're one
decision away from losing every single
thing. Even if on an individual trade
you get lucky and end up making a bunch
of money, it's about following the
process, making sure that you understand
that this is the mental psychology in
trading math that's going to put you in
a position to approach the markets
properly and understanding that trading
has nothing to do with being right or
wrong. It has everything to do with
understanding how much you're making
when you're right versus wrong and the
percentage of time that you are right to
be able to determine whether you're
going to be profitable or not
profitable. This is all going to be
based around keeping your risk uniform,
knowing how much you make when you're
right versus when you're wrong. Having
your average loss and your average win
and the percentage of the times those
are happening to once again be able to
look at this table and figure out if
you're not profitable or if you're
profitable. Okay, so now that I've
showed you the general structure, the
framework of building positions and
understanding how and why we're
controlling risk, let's go back to
Trading View and understand how we're
actually going to approach the market on
a technical analysis standpoint. Now,
this is where there's millions of things
to focus on. I've boiled them down to
about five or six major things that I
look for to find key areas in the
market, and I'm basically going to give
you a crash course on this. I have a
really good technical analysis guide if
you want to dive into more detail after
this video which I'm going to put in a
card at the end so you can dive a little
bit more into that. Okay, so let's pull
up a five-minute chart so that each
candle is 5 minutes worth of price data.
And let's start taking a look at how I
would read this chart. Okay, so the
first thing that I'm always starting
with is identifying what are called
trends on charts. And trends are
basically areas in the market where
price is generally moving in a specific
direction. So if it's generally moving
up, that's going to be an uptrend. And
if it's generally moving down, that's
going to be a downtrend. Okay? And the
way that I can really determine whether
we're in an uptrend or a downtrend is by
clicking on this tool right here and
starting to find areas on the chart
where price seems to be bouncing off of
an invisible level. Once again, going
back to that supply and demand area. So,
if I see these critical areas and I draw
from that low to that low where the
price is sort of responding off of.
Okay. Anytime the price is maintaining
above this specific area, that's
maintaining the status of an uptrend.
And you'll notice this point, price
finally pushed below this trend, pushed
up and continued to go lower, which is
now making this as a downtrend. So we
have an uptrend over here and a
downtrend over here. So I can draw
another trend level off of there. Okay.
And one thing that I really like to take
note of is if we have an area where
price is continually making these
levels, breaks underneath it, and then
comes up and retests it. Oftent times,
this is a beautiful key level to get big
moves down once the trend does change
direction. So trends are basically
showing us areas where price is likely
to come down to and have a continuation.
And then once it does finally break,
where it's likely to bounce off of and
continue moving lower, which we can
start to use to start to craft some of
these positions where we're entering in
expecting for price to move
significantly in one area and not come
through to the other. Okay, considering
this is a visual representation of mass
human psychology, there's another tool
that is really, really useful in trading
called a Fibonacci retracement. This is
one of my go-to indicators. So this is
how a Fibonacci works. Say you have a
chart moving up or you have a trend in a
certain direction. You can click on this
Fibonacci retracement. Click at the
beginning of a trend and go all the way
up to the highest point on the trend.
And what you're going to see are these
numerical values. Okay? Starting from 1
to 0, we have 78.6, 61.8, which is in
green, 50, 38.2, and 23.6. And what
you'll notice is oftent times if a trend
is going to have a pull down, this 50
level is often the level it will go to
and have a continuation higher. Same
thing with this 61.8. This is referred
to as the golden ratio. This is the
ratio that can be found naturally
occurring in the formation of shells,
plants, trees, even your facial
symmetry. All for some reason fall
around this specific Fibonacci value,
which often times will lead the price to
revert cleanly down to that level and
have a continuation move up, which once
again can allow us to start to structure
positions around these key levels. Okay,
so if we go back to our chart, we know
we have an uptrend and a downtrend. So
say for example, we wanted to look at
this trend and see some of its important
levels. We'd click at the high and then
go over to the low and then let's watch
what happens to price and where it
starts to respond. Okay, so as the chart
moves forward that becomes the low.
Okay, price comes up, reacts cleanly off
of that 61.8 value and it just so
happens that that level was the last
level for a massive move to the
downside. Even looking at this area
right here, say we were to start from
this point to there, this push down
before a continuation higher was was
basically the last level that the price
regressed down to before making a
continuation up. Okay, another really
cool piece of technical analysis that I
like to use when I'm looking at these
formations is something called a fair
value gap. And you can see these all
over the chart. So, it's basically these
big candles that are making these big
pushes like here and like here or like
here and like here. And I can actually
turn an indicator on called the Lux ALGO
fair value gap indicator and that's
going to pull them up on my chart
automatically. But the reason that I
look for them is because you can see
oftent times price will end up coming
back into these and making big moves
back in. Fair value gap right in here.
Price moves up, has a response off of
it. Fair value gap produced here. Price
pulls back down. Even though it wicked
through this one like crazy, comes back
down to the middle of that, has a
continuation up. Okay, this one's not
showing, but here price comes into the
midpoint, has a continuation up. Okay,
and the way that we can identify these
on a chart is basically we need 1, two,
three candles either in the up direction
or the down direction where the first
wick and the third wick do not overlap
on the second candle. So you'll see this
is the high of the first candle and this
is the low of the third candle. In
between here is going to be a bullish
fair value gap. And right here we have
one, two, three candles. First wick,
third wick. Price doesn't overlap right
here, creating a bearish or a fair value
gap that is likely to continue moving to
the downside. It's things like these
that I'm using when I'm doing analysis
to be able to find key areas that even
though we don't know for sure it's going
to move in our direction that we're able
to at least start off in an area where
we can keep our risk contained, let the
market move in our direction and
hopefully make more money than we're
risking. Okay? And of course, this is
just scratching the surface. I talk
about all this on my channel a lot more,
but as far as a foundation, these are
the primary things that I'm using. Like
I said, you can watch the technical
analysis video at the end of this video
to dive more deeply into how I use these
things specifically. Okay, so now that
we understand some of the analysis and
tools that go into actually trading,
let's talk about how to actually put
this into a strategy that you can start
practicing and trading for yourself. So
this is the progression that we're using
anytime we're building a trading
strategy. The first thing is the concept
which is coming from observation. So
just like we were noticing on our other
chart that certain things were happening
based on certain pieces of analysis.
What we want to do is gather a bunch of
those ideas and observe a general
tendency in the market. Okay. The next
thing that you want to do is create a
rule set based on your observations. And
then the next thing that you want to do
is evaluate that outcome by identifying
the percent of the time that it happens,
the average amount that you make versus
how much you lose while considering the
specific loss size. Okay? And then
basically it's up to us to be able to
see whether it's going to be profitable
or not. Okay. So, let's just use a
really simple example of how you can
actually go through and test your
strategy. Once you have an idea, you can
click on this button on your chart,
which is called bar replay, and you can
click back to a random part on your
chart, and then click this play button,
and it's actually going to play the
chart forward, allowing you to see how
your idea would work in real time. So,
what I'm noticing on this chart is every
time we have this indicator, which is a
custom indicator called the Inevitrade
Pro Plus indicator. It's actually in a
tool suite. If you follow me on
Instagram in the description, you can
add it to your chart. Basically shows
you when the markets are perceived to be
undervalued or overvalued. And when
they're undervalued, it will give you
this red highlight strip here. So, let's
say for example, every time a red strip
is produced, I'm going to enter in. I'm
going to sell when it produces a green
strip and I'm going to put my risk
underneath that recent low and I'm going
to risk $100 every time. That means that
I can calculate a loss as -1R and a win
is however much more I'm making than I'm
risking. So, in this case, it would be
like 3.94. So, then I can just go ahead
and play my chart forward and set this
strategy up to work. Okay, so we have a
highlight strip here setting up my
position. Okay, so we have a sell right
here. So, we would sell our position. we
would make plus 6.2R. We would sell in
here. Okay, we have a red highlight
strip. So, we sell. That's plus three
risk factors. Okay, so we would buy in
here. Price comes down, goes through our
stop loss. So, that's -1R. Okay, so you
can basically do this over a large
period of time. Now, all you have to do
is add up the total amount of trades.
You can basically go into a trade
tracker. This is a trade tracker that
are in the tools that I'll send you if
you follow me on Instagram and DM me the
word tools. And you can click each
trade, say it's on soul, 15 minute. You
can put long or short. You can put
whether it's a win or a loss. So in this
case, we had two wins and one loss. P&L
on the first was 620. P&L on the second
was 300, and then we had a $100 loss. So
that's going to show us our winning
percentage. We can click on this sum
here, and we can go over and hit
average, and that's going to show us our
average profit per trade as well as our
average winning percentage, which we can
take into our system, which based on our
average 273 would put us somewhere
between these two amounts at a 66% win
rate. would put us well into the
profitable zone. Now, obviously, this is
only three trades, so you'd want to do
this over an extended amount of time.
But once you have that, you've
effectively found a concept, identified
rules, found out your data, made sure
that it's confirmed to be profitable.
This is where you can actually start to
test this strategy in full time. Okay?
So, we just talked about doing onchart
bar replay. The next would be do using a
simulated account. Okay? And then after
that, you would actually apply this onto
a real account. Okay? So, let's say for
example, you wanted to actually enter
into this trade position. Since we're
trading cryptocurrency, I'm going to go
onto an exchange like Blofin. I'm going
to pull up Solana. And you'll see over
here we have limit and market. If you
want to choose a specific price, you
click on limit. If you just want to get
in or out of the market quickly, you're
going to click on market. So, we're
going to stick with limits for now.
Okay. If I went into every single detail
about this, this video would be like 8
hours long. Okay, since this is where
the price is, first thing that we need
to do is figure out how much we need to
enter in to risk. Say for example, $100.
So, we're going to click on our entry,
take profit, stop loss, enter $100.
That's going to give us 56 as a
quantity. And this is where leverage or
using prop firms is going to be
important because that would mean that
effectively we would have to buy at
$121.73 *
56.18 soul which is going to cost us
$6800. Unless you have $6,800 in an
account, you're not going to be able to
take this kind of size. And that's
exactly why we're going to use something
called leverage, which for example, if
we use 10x leverage, would take 6,800
and only require us to use
$683. Okay? So, we would enter in 121.74
as our entry. We would go into our
amount. We'd have 56.18. I would check
this takerit and stop loss. Our
takeprofit's at 130.76, which gives us
our estimated profit level, and our stop
loss at 120.8, 8, which you can see is
going to give us exactly $100 worth of
risk by entering specifically at this
amount. So, we know if we lose, we're
losing 100. And if we're profitable,
we're making $460 on this strategy. Now,
you can see right here it says the cost,
which is $6,800 if we increase the
leverage up to say for example 10. Now,
once again, that cost comes down to
$688. And that's how you can start with
a smaller amount of money and still be
able to have the upside if you know your
strategy and your process works and
you're looking at it inside this
framework. Okay, so now that we're at
this point, we've developed all these
skills and understanding of trading. I'm
going to take you through a strategy
that I like to trade on the channel that
we trade a ton on the private side of
our trading team and we have team
members absolutely crushing it. Me
personally, when I'm trading these
sessions, a lot of times, my last
session even, I made
$7,500 in about four or five trades
risking $500. I'm going to show you what
I look for on a setup and how I apply
all of this logic to get into positions
and how effective it is. And I'm going
to show you a few entry models that I
like to follow. Okay, first thing that
I'm going to turn on is this buy and
sell indicator. The second thing that
I'm going to turn on are those fair
value gap indicators. So, in this
strategy, I can't share every single
thing that I'm looking at without being
unfair to the private side of the team.
But I will show you something you can
get started with and apply a lot of your
own logic to that will still get you in
a position to be able to make this a
profitable operation. This is crazy for
me to be sharing on YouTube. What I'm
looking for is some sort of sell signal.
Right? I can't tell you exactly what the
signal is. Some sort of indication of an
over undervalued area somewhere where we
have a trend break under here into one
of those fair value gaps. In which case,
I'm looking to enter in the midpoint of
this fair value gap. Place my stop loss
outside and try to ride the trend down.
Okay. So, I'm going to go ahead forward
and play this to show you what I'm
looking for. Okay. So, we have
overvalued but no signal. Okay. So,
right here I start to have lows forming.
We have an overvalued area right here
with price starting to push down. So
once again, if I'm targeting the halfway
point of this area with an oversell and
a trend break where price is starting to
come underneath, price comes up, goes
into our area, gets into the trade, and
then immediately reverses down, already
putting us up in this situation
something like 12 times the amount that
we're risking. Once again, if we were
risking $100, our profit would be at
$1,200. So even with one of these
situations, we could still be wrong 10
other times and still be profitable for
the session. Okay? And of course, every
trade doesn't look like this. There are
definitely losers. This is just
scratching the surface of all of the
data sets that we run on the private
side of our trading team. But if we just
want to focus on the basics of it, it's
things like these where we can follow
these types of models and actually apply
them into the market. Okay, so let's
take a look at another example of a
trade that I entered. You can see I'm
entering in here. Price starts to move
in my direction once again off of that
area overvalued starts to make a
significant push down once again 4,000
5,000 $6,000 in profit risking $500.
Then I eventually close this out for
about $4,600. You can see here I'm
looking to buy in hoping the market
moves up. I enter in here and just to
show you the realities and be
transparent. A lot of times you are
going to have losing trades too. So for
example, okay, this trade closed out and
I lost within minutes. But the fact that
I can make $4 $5,000 in a good trade and
only lose $500 $600 on the losing trades
as long as I'm following the strategy,
keeping my position size consistent,
this gives me the framework to actually
dive into trading and do it properly.
Okay? And those are just two trading
models. We have tons of ways of
approaching the market in general. I
would definitely recommend for you to
watch this video if you want to dive
deeper into the technical analysis. If
this helped you, especially as a
beginner, hit the like button, share it
with a friend, subscribe to the channel
if you like the content. If you follow
me on Instagram and DM me the word
tools, I'll send you all the resources.
But until next time, I will see you all
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