by the end of this video you're going to know everything you need to know to become a profitable day trader even if you're starting as a complete beginner this full six-hour course is going to be packed with more value than what most people charge hundreds if not thousands of dollars for i'm going to take you step by step for you to actually understand exactly what it is that day trading is how to read charts understanding candlesticks choosing the right platforms mastering the right strategies how to manage your trades how to properly journal all of your trades and how to actually use other people's money to trade with so you don't have to risk your own i'm going to literally hand you everything you need within the next 6 hours for you to become a profitable day trader but first of all who am I my name is Juvier and I've been day trading for over 8 years and honestly day trading has completely changed my life i was able to buy my first home for over a million dollars i bought my wife her dream car i bought myself my dream car and most importantly I gained financial freedom time freedom and location freedom i can live wherever I want to i can buy whatever I want to and I can not only just take care of myself but I can take care of my entire family and all of my friends and over the past 8 years I've been able to consistently make over six figures every single month with day trading and that's exactly why I believe that everybody should learn how to trade and why I'm honestly making this entire course 100% free because you and every other person watching this deserve to learn a skill that could not just set you free but set your entire family free as well now honestly I remember when I first started off day trading and everybody made it just way too complicated like the first video I ever watched it was by this old guy on YouTube it just happened to pop up on my YouTube feed at that time i watched it the title was like how to make $100 a day with trading or something like that and me being super young I'm like "Bro $100 a day that's absolutely amazing." So I watched the video and basically I understood absolutely nothing but I still continue to watch this guy's videos just in case I catch on to it but every single thing he was saying no matter what video I watched I watched like 10 15 of his videos and it just all sound like Chinese like no matter what I just could not understand it because he overco complicated it way too much so much to the point where I never actually stuck with it i ended up actually trying drop shipping i tried Amazon FBA i tried affiliate marketing i was making workout videos on YouTube at that time i got so turned off from day trading and how complicated it was just from that one guy that I was watching that it made me go into all these other avenues that made me waste time made me lose money and that I never saw success in but for my 8 years of mastering this craft and teaching tens of thousands of people how to actually day trade I found a way to give you all the information that you need to become a successful day trader in the simplest form possible so simple that even a 10-year-old could actually learn how to trade and the reason I know that is because I've actually taught a 10-year-old how to trade so if you're watching this and you're over the age of 10 you stand a pretty good chance so with that being said grab a notebook grab a pen grab some water grab your favorite snack and let's learn a skill that could literally change your life so let's jump into it so what is day trading in simple terms it is the act of being able to predict whether a stock or a crypto or forex or futures if the price of those things are going to go up or if they go down that's really what it is and that's just all based off of patterns now you've probably heard your parents or your grandparents your aunts uncles whatever it is talk about buying stocks and holding stocks for years and making money on it that's cool and all but that's not what we're talking about we're talking about day trading and being able to make money in a short amount of time without having to hold it for days or weeks or months to make money and we're also talking about being able to make a lot more money and actually have better risk so we're not risking as much money now the cool thing about day trading as well is if you just buy a stock and the price goes down you're going to lose money but with day trading if we predict that price is going to go down we can actually make money while price is going down and vice versa we can also make money if we predict that price is going to go up and that's one of the huge benefits when it comes to day trading because it puts you in more control of your money and you can actually make profits no matter if we're in a bare market which means the market is just going down or we're in a bull market which simply means that the market is going up now that's what day trading is but why should you learn day trading and the answer to that is because it's one of the few skills that once you learn it it never goes away it's one of the most valuable skills that you can learn because it doesn't only give you financial freedom you can literally make any amounts of money that you could ever want to make with day trading but also gives you time freedom because you can do it whenever you want to and it gives you location freedom because you could do it from literally anywhere in the world it does not matter where you live it does not matter where you stay or what time you want to do it you can day trade me and my wife live in Dubai for 4 months out of the year and while I'm in Dubai I'm in a completely different time zone and I'm halfway across the world yet I'm still able to make just as much money day trading now let's burst some myths that you might have about day trading the first one being is day trading actually legit and can you actually make money and the answer to that is heck yes because not only have I proven that but hundreds if not millions of other people have proven that you can actually make money with day trading and it's real money that you're making the $1,000 that you see that you make in day trading you can withdraw that thousand dollar and pay your rent buy sneakers buy food take a vacation it's real money myth number two is that most people believe that you need hundreds of thousands of dollars to start day trading and that's not true you can get started with as little as $10 honestly and using other people's money to day trade and make money with it is very very easy and we're going to get into that later on inside this video but like I said you can get started with $10 $50 $100 it does not matter day trading is not for the ultra rich or the rich at all myth number three is that people think you need to spend hours a day trading and that's simply not true how I trade and how I teach other people to trade is by literally spending 30 minutes a day on the charts and making my money and then going about with the rest of my day as I just mentioned trading gives us time freedom and what's the point of us having this time freedom if we're spending hours glued to our desk that's not how I trade and that's not how I teach people or how I will teach you to trade as long as you have 30 minutes to 2 hours every single day you can start making money with day trading the next myth is that people think that it's going to take you 10 years to be able to start making money day trading and that's honestly not true it really ranges and depends on the person but you can start consistently making profits from three months all the way up to maybe a year or two years i've had students of mine that knew absolutely nothing about day trading and after 3 months were able to make $40,000 in just one month so that proves to you and I've seen it proved time and time again that you don't need years to be able to get good at this skill the next myth that people think is that you need some expensive computer you need 30 million screens you need a super crazy setup when in reality you really don't you can literally trade right from your phone you can trade with a a laptop you can trade with a desktop computer as long as you have internet and a screen that you can see you can start trading you do not need any expensive gaming ultra computer or anything like that with that being said let's get into the different types of day trading so there are five major markets that we can trade there's the forex market there's the futures market there's the stock market there's an options market and there's the crypto market the forex market is trading currency versus currency and what I mean by that it's like trading the British pound versus the US dollar it's like when you go to a different country if you ever went to a different country and you exchanged let's say US dollar for let's say the British pound you'll put in one US dollar you'll get $1.5 British pound you're trading that price discrepancy because there's sometimes where you'll go one month and you'll get $1.5 there's another time you'll go and you'll get $1.4 so the price is constantly changing and you're trading that discrepancy you're trading the change between those two now futures trading you are trading contracts of commodities indices or energies and all that basically means is that you can trade gold you can trade the price of gold you can trade the price of silver you can trade the price of corn you can trade the price of a group of stocks you could basically trade a lot of different things and as I mentioned you're betting on the price of those things going up or down now the options market is similar to futures but it's also very different but with options you can trade stocks you can trade indices once again which is basically just a group of stocks put together it's just a bundle of stocks you can trade um penny stocks you can trade a bunch of different things when it comes to options and keep in mind with futures trading and options trading you're trading it leveraged which basically means that let's say you have $100 in your account you're allowed to buy let's say $10,000 worth of a stock versus with regular stock trading you need to have that amount of money in your account let's say you want to buy $10,000 worth of Tesla you need to have $10,000 but you can get around that by trading futures and options but going on to crypto now you can actually trade specific prices of cryptocurrencies so you've probably heard of Bitcoin you've probably heard of Ethereum or Salana you can actually trade if that price if you believe that price will go up or go down depending on what instrument or what cryptocurrency you are looking at that is the crypto market now for this video we're going to focus mainly on Forex and futures because that's the things that I mainly trade and we'll dive into the difference of both futures and forex but keep in mind 90% of the information that is in this video can be applied across the board it can be applied to stocks it can be applied to crypto forex futures options it's the same information a lot of it just has different terminology and different platforms but like I said we're going to mainly focus on forex and futures so let's get into the differences between those two so as I mentioned we're going to focus mainly in this video on futures and forex so I'm going to go into a simple comparison of both of them give you guys the pros and the cons so you guys can make uh educated decisions on which one you're going to choose so first of all what is forex forex is short for the for the foreign exchange it's where people trade different currencies like the US dollar uh euro or the Japanese yen it's actually the biggest market in the world and it runs 24 hours a day now what is futures trading futures trading is buying and selling contracts that say that you'll buy or sell something like gold or oil at a later date at a specific price so in simple terms how I explain to people is imagine you have this phone right here and you bought this phone or you bought a contract that said that you can buy this phone for $1,000 no matter how much this phone cost now let's say a year down the line Apple is selling this phone for $10,000 but you have a contract that says that you can buy this phone for $1,000 so obviously you buying something that cost $10,000 for $1,000 is a great option to have so that contract that you hold to sell it for $1,000 that contract is worth a lot so you don't even have to buy this phone for $1,000 you can just sell the contract for someone else to buy the phone that's basically what futures trading is um but you can do that with things as I explained like gold oil corn wheat livestock um stocks and indexes like the NAS 100 the NASDAQ or the S&P 500 you can do that with futures trading now some of the pros when it comes to Forex is that it's open 24 hours like I said and it's open 5 days a week it's very liquid which simply means that a lot of people are trading it because as I mentioned it's the biggest market in the world now Forex is also great for small account sizes you can trade Forex with $10 in your account $5 in your account so it's great for people that don't have a lot of money um and there's also a lot of things that you can trade in the Forex market um you can trade EuroUSD and we'll get into all these a little bit later on um you can trade GBP JPY which is simply just trading currencies versus currencies the price of one currency versus the price of another currency that's all that means now some of the cons when it comes to Forex is that it can be very volatile which means that since it's a lot of people trading it it moves very fast which for new traders can be very scary and very daunting so you have to be aware of that another thing is that it's not as regulated in some countries most of the brokers or the the platforms that you're going to use broker simply the thing that holds your money and like I said we're going to get very ind depth into all these things in a second here but um those those platforms sometimes aren't regulated which isn't always a bad thing it's just something that you have to be cautious about um also brokers may have hidden fees that you have to be wary of and big moves can be hard to catch because like I said it is very volatile because there are a lot of people trading it so it moves very fast and it's always moving now some of the pros when it comes to futures trading is that it is highly regulated so um there are laws and things making sure that everything's on the up and up right it's also clear pricing and low fees they have to be since it's regulated they have to be super upfront with all of their fees and all their pricing so you know what you're getting into beforehand um pro another pro is that futures is great for fast trades you can get in and out of trades very very fast when it comes to trading futures and it's great for technical strategies it's actually to me easier to trade futures than it is to trade forex and that's my personal opinion now some of the cons of futures um so not all futures markets you can trade 24 hours a day 5 days a week it's just there's some that you can there's some that you just can't um another con is that it could be risky because you can have high leverage another thing when it comes to futures you don't need a bunch of money to trade futures you can start trading futures with $50 um but because you have so much leverage and all leverage means is that if you have $10 a lot of these platforms or websites will let you trade as if you have like $20,000 um so that's basically what leverage means and obviously if you have that amount of leverage or if you're trading as if you have that much money you can lose a lot of money fast as well so it's just something to be aware of but I'm going to show you guys how to avoid that completely um and then also it requires a bit of knowledge at the start both futures and forex do but this video is going to completely obliterate that con of futures now which one should you choose uh realistically both forex and futures can be great i started off my trading career 8 years ago trading forex but about 3 years ago I transitioned to trading all futures maybe 10% of the time I'll trade forex um it's just personal preference for me but honestly if you want to trade currencies and be more flexible with your time you can try out forex if you love more so structure charts um clean setups and low spreads all spreads means is that if you buy something right here it gets you in right here sometimes with these unregulated forex brokers if you press buy right here it'll get you in up here which obviously starts you off in the negative which is not a good thing um so that's another reason why I love futures so like I said it depends um on your personality but we're going to dive into both Forex and futures inside this entire 6-hour guide so you'll be fully fully equipped to be able to handle any of these markets or options or stocks or crypto if you wanted to get into those as well next I want to show you guys the most popular things that most Forex or futures traders actually trade so you guys are just aware of them so when it comes to Forex the main thing that most people trade the top five things that most people trade is EuroUSD which simply means you're trading the price difference between the Euro dollar and the US dollar um or they trade USD JPY which is the price difference between the US dollar and the Japanese yen they trade GBPUSD they'll trade USD chief they'll trade AUDUSD um those are all just the main things that people trade we'll actually show you these on the chart so you know exactly what I'm referring to it might all seem like Chinese to you but I promise you it's super super simple but when it comes to trading futures the most popular ones that most people trade and the ones that I trade most of the time is ES which is just a futures version of the S&P 500 which is a comp compilation of a bunch of stocks put of 500 stocks put together you can trade NQ which is the same thing as the NASDAQ which is a compilation of a 100 stocks put together 100 of the top stocks put together you can trade CL which is crude oil it's the price of crude oil um there's GC which you're trading the price of gold then there's ZB which you're trading the price of 30-year bonds um and these are all just things that you can trade realistically it doesn't matter what you trade all of them are going to be able to uh you're going to be able to apply the information in this video to anything no matter if it's on this list or if it's not on the list i just wanted to make you guys aware of the top five things that most people trade in both these markets now in trading there's something called trading sessions and it's important that you understand what these are because these periods of time is when specific instruments no matter if you're trading from that list of five that I showed you guys or outside of that list some of them will move more during certain times of the day and you want to be aware of that and that's simply because of the trading sessions so all of these times that I'm going to go through with you guys are in Eastern Standard Time so if you're in a different time zone just convert it to that time zone but the Asian session which is the least amount of volume when I say volume that means that there's the least people trading it which means it moves the slowest and um it doesn't have as much movement it still does move and you still can trade during this time but the Asian session starts at 700 p.m and it ends at 4:00 a.m eastern Standard Time now the London session is the second most volatile as far as it has the second highest amount of volume uh during this session so it's the second most amount of people trading during this this period which is from 3:00 a.m all the way up to 12:00 p.m eastern Standard Time and then the New York session starts at 8:00 a.m and it ends at 5:00 p.m eastern Standard Time and this session is where most traders trade and it has the most volume now the best trading times if you're looking for a lot of volume if you're looking for a lot of movement is the overlap because you can see here the London session is from 3:00 a.m to 12:00 p.m but the New York session is from 8:00 a.m to 5:00 p.m so there's a period in here between 8:00 a.m and 12:00 p.m when London session and New York session are happening so when that period is happening there is an overlap so now both of the volume from London session and New York session is combined together so that's when there's the most movement in the market and that's honestly when most people trade now like I said you can trade outside of this time you can trade during the Asian session that's perfectly fine but just be aware that most things are just going to move slower the the price of things are just going to move slower which in turn could just mean that you might have to be in a trade a little bit longer versus in New York session for example a trade that you take in New York session you could be in and out of a trade within 5 10 15 minutes that that same trade if you took it during Asian session you could have to wait an hour or an hour and a half for that trade to actually be complete so it's just important that you are aware of what trading sessions are and see the times for when they are so you know for yourself which session you're trading versus which session you wouldn't really pay attention to so now that we've went over the different types of trading and the different type of markets let's go over analysis now market analysis this is the bread and butter of us as traders we actually use different types of analysis there's two main types of analysis we use those two types of analyzing the market to help us predict whether price is going to go up or down which obviously in turn helps us to actually make money this part is extremely crucial to understand and really really go in depth in so we're going to take our time here to really really dive into it to make sure you guys completely understand everything that's going on so starting off there are two different types of analysis there's fundamental analysis and there's technical analysis starting off with fundamental analysis fundamental analysis is simply in simple terms looking at news and how news affects the markets or how news will affect the market and we're able to use a couple tools to see exactly what news will affect the market and when that news will come out then there's also other news that comes out like for instance god forbid a Tesla like blows up that's news event that happens which if we use our brains a Tesla blowing up looks bad for the stock or the company Tesla so that can make the price of Tesla drop now obviously that's not something that we can control or we can predict but there are news events using specific websites where we can calculate and see exactly what time certain news events are going to come out how impactful it will be to the market as in how much it'll move it whether we should maybe not trade today or not trade for an hour or um not trade a specific pair for an hour or 15 minutes or 5 minutes whatever it is depending on the news that comes out it helps us be able to gauge that using the tools that we have so that's fundamental analysis if you just think of it in simple terms it's news anything that the world comes out and does or say the president um the governor the SEC guy which is the guy that's kind of over part of the financial markets um anything that these people say or do will affect the market and we want to be as knowledgeable about it as possible that's fundamental analysis now technical analysis is what you probably see most traders go over which is using this website right here called Trading View we're going to go in depth about this in a second from now but Trading View is where you see your charts and the charts are basically graphs that help us see patterns that allow for us to predict where price is going that's what technical analysis is we're using previous data previous um market structure market structure is simply what the market is showing us we're using previous things that price has done before and using that to predict what price will do next that's technical analysis so there's two main types just to recap fundamental analysis was which is extremely important but cannot always be predicted as in we don't know when another uh catastrophic event might happen we don't know when um a plane might fall out of the sky god forbid or anything crazy like that that could affect a specific thing that we are trading we don't know when that's going to happen technical analysis is a little bit safer as in we're able to predict it a little bit more we can't be 100% with it but it does allow us to see what price has done before and be able to use that to make educated decisions on what price might do next so let's actually start off and figure out how we're going to analyze fundamental analysis so there's a website that I love and I've used this for my entire trading career it's called forexfactory.com and the reason I love this website is because it breaks down basically all that we need to know we know we need to know exactly when something's going to happen we need to know what it's going to affect and we need to see how strong that news is because not all news that comes out will actually do anything to the markets there's a lot of time when news comes out and nothing happens but then there'll be certain times where other news comes out and it completely tanks the market or the market completely shoots up randomly and you don't really want to be in trades around that time just because it's so uncertain we don't know what news is going to come out and then sometimes also good news can come out in the market but price will drop down so I found over the past eight years it's really just not smart to trade when news is coming out i mainly use this website specifically here to give me periods of time where I will not enter into trades or I'll I'll be watching my trades a little bit more closely just to see if anything crazy will happen but here's this website right here you'll just go to forexfactory.com like it shows right here and it breaks it down this might all look a little bit too confusing but trust me it's super super simple all you have to look at is this box over here where it says today today is April the 11th when I'm recording this it's Friday it tells you the date um what day of the week it is and then it has these times right here next to each um event that happens keep in mind you do not need an account all the eight years I've been using this website I've never created an account on here honestly um clicking on this or whatever button I just clicked made me realize that I was never signed in and I don't think I've ever signed in but it's very simple you come on here you see the time that price or that these news events will come out you'll see all these different news events keep in mind you do not have to know what these news events are realistically like most of the time I don't know what this stuff i don't know what index of services i don't know what industrial production is i don't know what some of these stuff are the things I do know and the things I do pay attention to are when these folders right here are red so the under impact you'll see different color folders you have yellow you have red and you have orange if we skip forward we can use this arrow to skip forward to a couple more days so this is uh the 14th of April you see this is orange folder and all this means is that yellow folder news is really not going to affect the market at all red folder news is going to heavily affect the market so that's news events I like to stay away from orange photo newses will sometimes affect the market or it'll slightly affect the market now some big news events for you to um look out for core PPI this comes out at 7:30 uh a.m keep them on Central Standard Time 7:30 a.m this came out today and this heavily affects the market you don't really have to pay attention to the numbers right here it shows you the actual shows you what news was forecasted to basically come out as and it shows you the previous um what it came out previously as you really don't need to pay too much attention to that especially in the beginning of your trading journey you need to just pay attention to the red folder when it's happening and what it's going to affect so here under currency you can see you have euro you have GBP you have chief you have uh euro again USD so all this is showing you is that this is European news right this is US dollar news or news that will affect the US dollar majority of the times only USD news will affect what you are trading now the exception to that is if you're trading forex and if you're trading forex and it has any of these pairs in it let's say you're trading GBPUSD and it has GBP news coming out and let's say that news is red you want to stay away from trading that specific pair at that time or if you're trading EuroUSD you see we have European news right here this isn't red folder but if this was red folder you would want to watch out for it but if you're trading futures most of the time if you're trading like NQ or ES or YM some of the pairs that we went over in the futures section the main ones any USD news will affect those markets and even if you're trading anything else if you're trading GBP JPY any USD news especially red folder will affect the markets yellow folder news I'm not too concerned about like when we have yellow folder news like this this isn't anything crazy at all but any red folder USD USD news you need to be aware of and I would avoid trading around that time and people kind of ask me what like what is what do I mean by avoid trading around that time so let's say this comes out at 9:00 a.m i don't want to enter a trade 15 minutes before 9:00 a.m or 15 minutes after 9:00 a.m after that little period of time that buffer I kind of give myself I can start looking for trades again but I do not want to enter a trade in that time now let's say I'm holding a swing position let's say I've been in a trade since 4:00 a.m already and the news is coming up i'm not necessarily going to close out my trade but I am going to be watching my trade just in case price has a huge spike against me and you do not want that to happen but like I said if you've been holding a trade for a while I don't necessarily close it out just cuz news is coming out but if I'm considering entering a trade or if I just entered a trade and news is about to come out I will most likely close it because the risk is honestly not worth the reward now for the most part this is all the only website you're going to need to check as you can see there's multiple days yesterday we had CPI red folder news very very strong news unemployment games is very very strong news as well as in it will affect the markets very heavily frmc minutes very very strong news like I said a good rule of thumb simply and basically inside the beginning is if it's USD and it's red folder avoid it do not trade around that time now obviously there's other fundamental news events that could happen and just being aware of kind of what's happening in the world like if there's any type of potential war about to happen or if um the president tweets something crazy or um if Elon tweets something crazy that could affect the market so you kind of just being aware of what's happening in the world is good as well but you can kind of get that information on your news station you can get that on Twitter which is where I get a lot of my news if I'm being honest um like world news uh you get on Twitter you can get it on MSN.com but you don't really have to focus too much on that because those news events are things that we that aren't planned those aren't things that we could predict so we don't know if something bad is going to happen to a specific company randomly but we do know when unemployment claims is going to come out and that's what we want to focus on we want to focus on news that we can um pinpoint when it's going to happen we know it's probably going to affect the markets pretty heavily and we want to avoid it now that we understand fundamental analysis let's go into technical analysis which is honestly the bread and butter of us as traders this is where we spend most of our time so this website is called Trading View this is where 95% of your traders are using to draw up their charts plan out their trades when you come to tradingview.com you can create an account you can create an account for free here um I I'll leave a link for inside the description down below but once you're on this page let's say you create an account or you didn't create an account hover over products right here and press supercharts once you're on super charts you'll then see this graph pop up you'll see a bunch of numbers a bunch of symbols and everything like that let's get you to understand how to use Trading View first and then we'll dive into what all this stuff is on your charts if you've never seen this before this is called a chart this is what we use to predict where price is going to go what price is going to do plan out our trades exactly when we're going to enter a buy or enter a sell we're also using this to look at what we're going to do if we're holding any long-term stocks or anything like that this is where we spend most of our time but let's get into exactly how we use this first so up here in the top left corner you'll see symbol search now this could be anything most of the time I think it starts off on Tesla but you'll click this and this is where you'll type in anything any chart that you want to pull up so let's say you want to pull up a Bitcoin chart you'll type in Bitcoin and you'll click any one of these you see we now have Bitcoin charts we see the price of Bitcoin right now is at $83,917 you'll see a little timer under it as far as that's the timer for when each candlestick will end i know you don't understand what a candlestick is we're going to dive into that in just a second after we finish going through what um how to use Trading View but continuing on the top here we'll see different symbols and different letters so this one M simply means we're on the one minute time frame so each of these candlesticks like I said don't worry if you don't understand what all this is these are all candlesticks um and all of them basically represent what happened in one minute because we're on the one minute time frame we can click this and we can switch this to 5 minutes you'll see it says 5 M now all of these candlesticks represent what happened in 5 minutes again we can click this we can go to 1 hour it'll say 1 H now all these candlesticks represent what happened in one hour and so on and so on and so on you can keep doing this as to whatever time frame you want remember time frame simply means what each candlestick that you see on your chart represents like I said we'll get into candlesticks what they mean how to um be able to understand them and read their language basically but next to our time frame selector we have a chart selector there are multiple different types of charts right now we're on our candlestick chart this is what these uh green and red things that we see on our chart here if we press this we can actually go to a line chart which then just turns this into a line graph um you can come on here and go to a bunch of different things columns you can go to uh high lows there's a bunch of different things high kanashi you can go to a bunch of different types of charts this is where you choose it but right now we'll just stay on candle chart next to that we have indicators now indicators think of indicators in a simple way of kind of like um sidekicks they kind of help you out they kind of show you what you can already see on the charts but it kind of simplifies it for you there are a bunch of different indicators literally thousands of indicators if you press this you'll be able to search up literally any indicator and all of them do a bunch of different things later on inside this video we're going to dive into my favorite indicators really the only indicators that I believe you personally need to succeed in trading because a lot of times new traders and what I don't want you guys to do is get stuck in the cycle of having a million indicators on your screen thinking that it's going to help you when in reality it's only going to confuse you so that's why later on in this video I'm going to give you guys the exact indicators that you guys need the only ones that I use and really everybody should use um so you don't get lost looking through all of these hundreds of thousands of indicators and things here but this is where you choose whatever indicator you want now here um we have indicator templates so if you always use the same three indicators you can just create a template so it always pops up when you open up your chart we have alerts where you can set alerts on your chart i believe you need an account for this um you also have replay feature which you need an account for as well we'll get into why this is so important later on inside of this video over here you have some uh just miscellaneous things so you can actually press this and have two charts open at the same time if you create an account um if you wanted to do that you can have make this full screen you can do a bunch of things take pictures of your chart that's all up here now this left side is probably where you're going to be a little bit more frequently remember we're using Trading View to mark up our charts plan out our trades this is where you have all of your drawings that allow you to do that so right now as you see we have this cross um selected we can select the dot and as you see my mouse kind of turns into a dot or it could turn into an arrow most of the time I keep it on cross very easy to use next under here we can actually hit this uh next to the trend line which is this line right here we can hit this arrow and a bunch of other options will pop out these are all just tools that you can use when drawing on your charts and a cool thing that you can do once you have created an account is if you hover over let's say the trend line if you use the trend line a lot you can hover over it and click this star and it'll actually be added to your favorites you'll see it'll pop up here so you don't always have to go and look for it each and every time um but you'll get used to that you'll know what tools you use most of the time or more than others and add it to your favorite list a lot of times I use a trend line if you press a trend line you could just click and click again and that creates your trend line you can move it around this is just drawings that you'll use keep in mind we'll go into different strategies on how to use these drawings and the best way to actually use them so you're not just randomly drawing lines on your screen we're going to go into that a little bit later on inside this video but we have drop downs for here we have drop downs up here as well a bunch of different tools as well that you can use a bunch of tools here we have a brush where we can draw on the screen if we want to um these are all just a bunch of different tools that we use as traders to help us plan out our trades we have rectangle which is something that I use a lot um to draw things on my chart and plan out my trades and things like that um you have text here as well that you could use you have uh emojis which if I'm being honest out of the eight years of me trading I've never in my life placed an emoji on a chart i have seen some traders just for laughs put like a a magnet um indicator i don't even know where it is but they'll put a magnet not indicator magnet emoji like where they want price to go so that they can make money that is not an actual strategy that does not work um but you can put um emojis here if you want to we have this ruler where you can basically see how um how much price moved basically uh magnifying glass where you can zoom in you have a bunch of other tools under here i'll show you what all these do so this magnifying glass basically makes price snap where or not price makes your drawing snap where um like the closest part where it should go as you see if I just even though I'm up here but I'm drawing my uh chart or drawing my drawing here it's moving it because it's just snapping it into kind of the closest place where price could go i don't use that too often at all if I'm being honest we have the keep drawing tool the reason why that's good is if let's say you want to draw this line once I click off off of it I have to then go and click this again to draw another line you don't want to always have to do that so you can press this keep drawing icon and once you click on something you can just keep drawing um which is useful sometimes when you are marking up your charts or drawing on your charts playing out your trades and you want to do it a little bit faster we have lock all drawings which basically means if we draw something on there if we press lock we can't move this drawing again so it keeps things in place if I'm being honest I do not use that um but you can use it if you want to and then here this eye icon it basically just hides all your drawings so let's say you have a bunch of different drawings on your screen um all these things on your screen and you just want to see the the the chart you just want to see the candles without all the drawings that you have you can press this button to temporarily hide it you'll press it again and it'll all come back now um you'll see on the bottom panel right here on Trading View you'll see times so you see 12:00 right here 32 412 this is just the time of where price is if you see under where my mouse is hovering in the black you'll see what day uh what day of the week it is you see it's the 4th of April exactly where my mouse is it's showing me this candlestick right here was on the 4th of April um 2025 at 7 a.m now if I move over here and we look to the bottom of the screen right here we can see this is on Friday the 4th of April at 200 p.m it's always in military time i'm pretty sure there's a setting that you can change to um change that but all my eight years never done that um but that's basically what that is you can see the time right here i think this is actually in I guess it changes the time zone here that's better now we're actually in the right time this is the time of where time what time it actually is right now and then over here on this side of the scale this is where price is actually at this is where the stock the crypto the futures the indicy the pair you are trading that's where it's actually at right so right now as you see the price of one Bitcoin is at 83,920 you'll see it switch to 916 you'll see it switch up and down as this video is going but then as I mentioned before the timer under this is simply until the next candle that's the the countdown until the next candle prints because as I told you guys right now for instance we're on the 1 hour time frame so each of these candlesticks represents I have to refresh my screen to get rid of this it's trying to force me to sign up but um each one of these candlesticks represents what happened in one hour like I said I know you guys don't understand what candlesticks are just yet we're going to go super in-depth into it so that you can fully understand it in just a second here but just quickly going through it just showing you guys right now we're on the 1 hour time frame this red candlestick if we look to the bottom of our screen in the black it says Friday 11 April 2025 and this is at 10:00 a.m now if we go to the candlestick next to it you see it's Friday um the same day but instead of 10:00 a.m it says we're at 11:00 a.m because this is a whole new candlestick and that's the 11:00 a.m candlestick this is the 12:00 p.m candlestick the 1:00 p.m 2 p.m time goes on well sorry and it goes on and on and on but um this candlestick before the next one comes is 45 seconds 45 minutes and 55 seconds until the next candlestick comes but um yeah that's ultimately how you kind of use Trading View there's a bunch of other things over here that you can use this is actually a watch list if you click this so if you always use a certain um or always look at let's say NQ or always look at ES or whatever you can actually add that to a watch list without so that you can press it and click onto that chart without you having to type it in right here each and every time um we have alerts we have object tree which I don't use too much chats I've never used that screeners I don't use that too much calendars you have all these tools over here that you can play around with but for the most part that is actually how we use Trading View and how you understand exactly what you're looking at outside of this chart on Trading View all right so I've logged into my actual Trading View account here so I can show you guys my actual charts because I want to deep dive into what candlesticks are you guys heard me mention candlesticks candlesticks candlesticks but you probably have no idea what they are and trust me I had no idea what they were looking at this right here when I first started off trading I thought this was Chinese i did ne I never thought I'd be able to understand it but honestly it's not as complicated as it seems as I told you guys these are all candlesticks all these you see different shapes different sizes you see the the fuller part now you see these small skinny lines you see that they're different shapes some have long lines some have short lines some have big um bodies some have small bodies like this each and every one of these candlesticks tell us a story and we're going to break down exactly what that story means but first we have to understand as I mentioned before each story is depending on what time frame we're on if you look up here right now we're on the one minute time frame i can go to the 15-minute time frame and each each candlestick that I see represents or tells me the story of what happened during a 15-minute time window um I go to the 1 hour the 4 hour the daily it all does the same thing but what's important is that we understand exactly the story that price is trying to tell us now I've made a nice drawing over here for you guys to uh for us to break through this pretty or go through this very simply because I literally when I first started off everybody explained it way too complicated it just didn't make sense i'm going to break it down so that even a 10-year-old will understand this as I mentioned before I've literally been able to teach a 10-year-old how to read the charts and how to actually start day trading so um if you see here we have all these candlesticks now the this big part is called the body of the candlestick the lines at the top or the bottom that's called the wicks of the candlestick now a bullish candlestick means price went up versus where price was at the minute before or whatever time frame we're on we're going to this we're on the one minute time frame so this example here we're going to be each and every candlestick represents one minute or what happened during one minute so a bullish candlestick as I mentioned means price went up and those by default on your Trading View account unless you change the color is going to be green a bearish candlestick means price went down so if you hear somebody say bullish candlestick that means price went up or if you hear somebody say "I'm bullish on the markets." That just means that they think the market's going to go up if you hear somebody say "I'm bearish on the market," that just means they think price is going to go down or if they say "This is a bearish candlestick," that just means that it's a candlestick that went down so this is a red candlestick it's bearish this is a green candlestick it's bullish this is a green candlestick it's bullish now you see we have the body right here and I mentioned that we have these skinny lines at the bottom those are called the wicks now what's important about this is that both of these tell a different story so imagine you see we have times under this this is 10:00 this is 10:01 this is 10:02 because like I said in this example we're on the 1 minute time frame this works the same if you're on the 15-minut time frame the hourly or the daily it doesn't matter what time frame you're on it'll still show you a story and it's your job to be able to understand what that story is so the body of a bullish candlestick or a green candlestick the bottom of it tells us that's where price started at so this is at 10:00 so right at 10:00 price started right here wherever this is on your chart price started right here at the end of 10:00 so technically at 10:01 or 10:00 and 59 seconds and 99 milliseconds or whatever price was ended up here so on a bullish candlestick the bottom is where the bottom of the body is where price started and the top of the body is where price ended vice versa with a bearish candlestick the top of the a bearish candlestick or a red candlestick is where price started at so this is 101 so at 10:01 price started up here and at the end of 101 price ended down here and then obviously like I said with the green candlestick the body the bottom of the body is where price started at the top is where price ended red candlestick the top is where price started at and the bottom is where price ended now you might be asking what these wicks are or what they represent all the wicks represent is telling us where price was all throughout that time so even though price started right here and ended right here all throughout 10:00 price had went all the way up here it was up here it have went down here it went all the way down here at one point during 10:00 that's all what the wicks are that's all the wicks are telling us so same thing on a bearish candlestick even though price started here and ended right here all throughout so let's say at 10:01 and 13 seconds it was down here 10:01 and 15 seconds it was up here the wicks just tell us where price went throughout that time period now that's extremely important because it tells us where price went and I like to put in these type of terms but it tells us where price went and where price was scared of and we'll get into uh candlestick patterns and look being able to look at a specific candlestick and how it looks depending on how big the body is and how long the wick is if it's a long wick on the top if it's a long wick on the bottom we'll go into my favorite candlestick patterns in just a second here but that's why it's so important because obviously we can see where price started at we can see where price ended at but it's showing us where price went let's say in this example went all the way down to and just was scared of being down there and went up and ended up staying higher than it was that tells us that most likely price is going to continue to go up because price already tried to go down and it didn't work so it's probably going to try and go up same thing with a bearish candlestick let's say um price uh started right here ended right here it tried to go down here it tried to go up here but it just couldn't it couldn't stay up here so it ended up ending on this candlestick down here these are all tales that tell us a story as I mentioned and we need to be able to read those stories when they are presented to us so um that's basically what candlesticks are we can actually see them right here on our charts as you see there's multiple different color i mean not colors there's two different colors there's multiple different shapes sizes as we see this one right here we have a small body price started right here price ended up here we have wicks this wick is obviously huge so price tried to come all the way up here and this is a perfect example actually price tried to come all the way up here and as you see it it tried to come all the way up here then the next candlesticks just continued to go down because it was scared of this area and it just ended up going in the opposite direction same thing with this candlestick we see price tried to come all the way down here cuz we see we have this huge wick right down here but then you see the next candlestick because price tried to come all the way down here but couldn't stay down there was scared of down there um it actually ended up going up right now we're going to go into a bunch of different examples of this but I hopefully after going through and going through this example right here you guys understand exactly what each and every one of these candlesticks are telling you now there is u something else you have to be aware of so right now on the one minute time frame if we go to the hourly time frame this is a good example for you guys if we go to the hourly time frame this is telling us the same exact story but each of these periods represent what's happened within 1 hour so let's say this is at 12:00 this 12:00 candlestick started down here it ended up here the highest point it went during this 12:00 candlestick all the way until 1:00 was up here the lowest point it went was down here now in this 1 hour candlestick there are a bunch of one minute candlesticks so what I what I mean is if we draw like a box around here just so you guys can see we'll draw a green box around just this one minute candlestick so you guys can see everything that's happened within this hour we're going to see technically 60 um one minute candlesticks because we're on we were on the 1 hour time frame so there's one candlestick for the 1 hour time frame but if we're on the one minute time frame we're going to see everything that's happened during that candlestick more in depth so the reason why that's important is because a lot of times us as traders and we'll get into these strategies a little bit uh later on inside this video a lot of um we we'll use bigger time frames because bigger time frames tell us the overall picture of what's happening and then when we go down to more smaller time frames like let's say if we start on the daily time frame and we go down to 1 hour time frame we'll be able to see more in detailed what actually happened during this time so let's say I go to a let's go to a Bitcoin chart here just so we have something clean and this is a hourly time frame if we draw a box around this just so you guys can see it and then we go to the let's say the five minute time frame these are all the 5-minute candlesticks that happened within just this 1h hour candlestick because obviously we can see that during this 1 hour price this is still going on so that's why you see the body of it moving but you see price started up here and it's going to end somewhere down here or depending when this timer is up it'll uh show us exactly where it's going to end but all throughout this 1 hour it's been all the way up here and it's been all the way down here if we go to the 5minut time frame we can actually see everything that happened we can see more in detail we can see okay at um on this 1 hour time frame I believe this is at this is the 4:00 candlestick I believe all at 4:00 this has been happening so this is 405 410 4:15 cuz we're on the 5minut time frame right now so all these candlesticks represent 5 minutes or 5 minute periods so at 5 or sorry 435 this is where price was at um 455 this is where price was right here so on and so on and so on we can go even more in depth and see a more detailed picture on one minute time frame we can see everything that happened in 1 minute now um like I mentioned before we'll go into how we use this like a lot of times we'll start on a higher time frame and then we'll go down for a more detailed and precise picture of the market to let us know when we should buy or sell or actually enter into a trade but I just wanted to clarify so you guys all understand what candlesticks are that way when you're looking at these charts when you see a chart pop up on YouTube Instagram you see your random unemployed best friend posting a screenshot of Dogecoin or something you can understand what you're looking at you understand that these are candlesticks you understand exactly what each candlestick the story that each candlestick is trying to tell you now just because we have the candlestick and we understand the story is trying to tell us it's not the whole picture we need to be able to understand technical analysis as a whole and technical analysis as a whole really um is about understanding patterns because the market makes patterns and it's our job to identify those patterns and make decisions based off of what those patterns are telling us we're making educated decisions based off of previous performance or previous things that uh the stock or the the the crypto or whatever it is that we're trading we're making educated decisions based off of what these things have done before and that's what technical analysis is so let's hop into how do we actually do technical analysis outside of just looking at these candlesticks all right let's get into some basics of technical analysis keep in mind we're going to go extremely in depth when I run you guys through my top three favorite strategies for new traders and advanced traders to use we're going to go super super in depth into technical analysis but I want to show you guys basically the the foundation of technical analysis i showed you guys how you guys go to Forex Factory and see the foundation of fundamental analysis i showed you guys what candlesticks are i showed you guys how to use Trading View now let's go into the actual part that helps us predict price and what that looks like so you guys have to understand price never will go straight up so you'll never see a stock or a crypto or anything just go straight up like that's not what happens what actually happens is price goes up down up down up down up down up down it It just goes in a bunch of different directions um based off of certain price levels you have to understand what moves the market are people that have a lot of money so when someone that has a lot of money buys something that makes the price go up when someone has a lot of money and they sell something that makes the price go down by a lot of money I'm talking about hundreds of millions of dollars i'm not talking about me and you putting $ 20 $30 into the market that's not moving anything if you right now put $100,000 in Bitcoin and Bitcoin's at $60,000 Bitcoin is not going to go to $6,01 right it's not going to move we need you need a lot of money that's why banks institutions and funds move the market and they're strategic and technical analysis helps us to get in their minds to know when they're going to buy and when they're going to sell and we want to move in the direction that they're going in we don't want to try and make our own path we don't want to try and do any of that we want to trade in the direction that people that have these hundreds of millions and billions of dollars we want to trade in whatever direction they're going in we want to ride the wave you've probably heard this um term before you want to ride the trend the trend is simply where price is going so if you see price like I said price never just go straight up price will go up down a little bit up down a little bit up down a little bit same thing vice versa price doesn't just go straight down it'll go down up a little bit down up a little bit down up a little bit these little periods where price goes down when prices went up a lot these little periods where we see um we went down a little bit that's called a retracement it's simply price retracing in the opposite direction before continuing in the overall direction that price is going same thing right here we was going up we came down a little bit this is a retracement we're going down we came up a little bit this is a retracement we're going down a bunch up a little bit this is a retracement so obviously looking at this on when we're during this period we'd want to look for buy opportunities because we want to go in the direction of where price is going um same thing here when we see prices selling off a lot or prices going down a lot we want to be looking for sell opportunities so um how this works and what technical analysis does it allows us to get inside the minds of these people that have a bunch of money to know when they're going to end up buying something or when they're going to end up selling something that way we can get in before they have that huge buy or that huge sell that causes the market to go either down if they sold off a a lot of money worth of something or bought up a lot of money worth of something um and it's actually very simple when you think about it logically so what I mean by that is this is a Bitcoin chart and right here as you can see right now we're on the 1 hour time frame so each one of these candlesticks represents one hour so just remember that as we're going through this example um as you see Bitcoin at this point if we look to the right over here the price scale when I'm hovering over here you see we're at roughly the $74,877 price per Bitcoin all the way ranging down to kind of the $74,44045 range so um we see price was just Bitcoin was just selling down right it just kept going down then it got to that range that we were just talking about and we see price went back up so what this tells us is that at this area right here when price started going back up this is a place where people with a lot of money are buying so us as traders we're waiting for price to then come back down into the same area the same range we're looking to get in a buy position because most likely if people bought down here people that had a lot of money bought when when Bitcoin is at 74,800 whatever dollars most likely next time it comes down to that same price they're going to do the same thing and if we're able to get in there before they do we can ride the wave of it going up this is a perfect example as you see when we scroll over we see price came back down into that same range and shot up it's very very simple when you think about it there are multiple different examples of this same thing right here we see price was going up it got in this area right here which is $84,655 all the way to about $84,372 it got in this range right here sold down very heavily all this is all within one hour this is a really this a huge candlestick um for to happen in one hour so it dropped down a bunch then when it came back up into that same price point as you see price sold back down um we can see a bunch of examples of this you see right here as well price got down inside this range right here the 81,600s to 81,300 area and then we see when price came back into that area what is this uh like 3 days later it came back down into that area and price bought up off of it so our whole thing when it comes to technical analysis is looking at what price did previously what a stock crypto futures whatever you're trading what it did previously at certain price points or price areas and we are using that data to then try and orchestrate or plan out to ride the wave the next time it does that at that same area now there are multiple ways that it does this so what we're talking about right here is called support and resistance so when price is below this is a support an easy way to think about it is when price gets to an area you guys see I'll draw these boxes we mentioned how to use the tools before i'll draw these boxes and how I like to draw them um is that I like to go from the bottom of the lowest wick so the bottom of the lowest wick is right here on this green candlestick and I'll just like to go roughly to around the body of the um that candlestick so as you see right here I'm starting it at the wick of this move this out the way i need another one i'm starting at the bottom of the wick of this one and going to the uh the bottom of the body of it and I'm drawing my zone like that because you have to understand price doesn't stop at the exact amount so like let's say right here price stopped at $74,428 it's not going to stop at the exact amount it's going to stop around that area so that's why I like using boxes you'll see some people use lines i don't like using lines because I like to see the area or kind of give a buffer for where price will then reverse again so in this instance it didn't come all the way down to that same point that it reversed at last time if you see right here it wicked down just into this range so that's how I like to draw my boxes from the bottom of the wick to the body this is a support this is on the bottom of where price is at meaning at support we're looking for buys off of support resistance is the opposite resistance is what we saw here resistance I would draw it the same most of the time keep in mind this is kind of averaging out i don't always draw it as cleanly as this but I'll draw it from the body of the highest wick or the body of the highest candlestick to the wick of the highest candlestick and that's how I draw it and this is a resistance zone because we are above where price is at and we're looking for sells off of resistance zones because we know price came up here first sold down we are just waiting for price to tap back into that range that we created as you see it tapped back into it right here just slightly then it sold back down so we're looking for sells off of resistance think of resistance um being above as in like you're resisting to break above something that's what a resistance is and support is supporting something up that's on the bottom it's the easy way to think about it but um that's one way that we look at the markets with support and resistance that tells us that last time price was down here it went up people bought it when it was this low that means next time price gets that low price the um people are most likely going to buy it up again so us as traders we'd be able to see okay it's back inside of our area where it rejected last time so let's enter a buy and ride the way back up because most likely it's going to go up again now um there's multiple ways for us to see this because it's not just these straight boxes that we'll see you've probably seen these things called trend lines and trend lines are simply like uh um slanted support and resistance zones they're they're like they're that's the easiest way to put it honestly they're they're basically just like slanted support or resistance zones and what that looks like I can show you guys an example right here is we use our trend line u drawing tool right here and we just draw it from the wicks to the wicks right so what I mean by that is you see we drew it right here and you see price obviously didn't stop directly at the same price um right here it never tapped back into this area right here but it's been respecting it in more so of a trend to the upside like I said price doesn't just go up all the way it goes up down a little bit up down a little bit up down a little bit and a lot of times on these retracements if you guys remember we talked about retracements a lot of times on these retracements I can draw it again right here it'll create a trend as in each point is stopping roughly at the same exact area we we write these trend lines or draw these trend lines because we can see it got to this trend line this time it bounced up we got to this trend line again it bounced up we got to this trend line again and it bounced up we can see this live inside of the charts right here where we started the trend right here price touched that trend again and you see it went up we touched it again on this red candlestick you see we have a long wick to the bottom it was scared scared of this trend line that's how I like to put it um when I'm teaching people um it was scared of this trend line and then went up again so this is the second time it touched this trend line this is the third time it touched this trend line and then the fourth time would be right here where it touched it again and you see it went up now that's a trend line that helps us see the trend obviously when we have a trend line that's um ascending as in it's slanted going up that means price is going up and we should really only be looking for buys now we can see this on the downside as well we can see right here here's a good example of it where price was respecting this trend line to the downside so we had a touch right here we had touch again right here on this wick another touch right here another touch right here on this trend line um so obviously this is telling us that the market is trending downward so we should really only be looking for sells now keep in mind trend lines and support and resistance are never going to be completely clean and what I mean by that is that you're never going to have price stop right at your zone that's why I like drawing boxes versus lines as I mentioned before because as you see in this example we drew our zone right here but this candlestick as you see we had a small wick out of it that doesn't mean that our support zone is invalid or that it's not a good place to buy off of that just means or that just shows us that easting is not definite it's not going to stop directly at your zone so please don't get in that mindset thinking that when you draw your zone if price comes out of it a little bit you drew your zone wrong you suck at trading you don't understand what you're doing you have to understand it comes in an area it comes around an area of where um price was at last time that way that's why I explain to you guys this is how I like to draw my zones there are some people who draw their zones or their boxes bigger like this there's some people who just use lines like I said for something like this but that's how I like to draw my zones cuz I feel like it makes it the area not too big but it also gives breathing room around the area where price previously bought off of or sold off of if we're looking at a resistance zone um it gives breathing room around the area of where price might buy off of that area again now there are times when it does get invalidated and we'll go over that in a second but I will show you guys examples of the trend lines so as I mentioned the trend lines aren't going to be completely clean how I like to draw them as I explained to you guys is from the bottom wick of the first time when I start seeing this pattern to the second one right then to the third one you want to include as many of them as possible without it looking crazy what I mean by it looking crazy is that if you draw it like up here right and then we see we have it touching here we have it touching right here even though it wicked a little bit out of it that's not too crazy but we wouldn't count this third time as it rejecting off of here because we didn't draw our trend line correctly this line is going straight through all these candlesticks it's putting these candlesticks on a freaking shish kebab or whatever those things are called um we want it we want the wicks to be tapping into it i don't care if the wicks come slightly outside of my um trend line here as long as the the wicks or the body of the candlesticks don't come all the way out here and completely invalidate my zones same thing when it comes to my boxes let's say waiting for price to come uh price went up and waiting for price to come back down and price comes like all the way down here and then goes up i wouldn't count that as it respecting my support zone that means it broke through my support zone broke through as in it went below where I thought it would stop at so I wouldn't really be looking for buys at this area because it already went so far below it where it's just not in my eyes not valid anymore um so I just wouldn't take a trade or anything like that but as long as it's not going that far out I don't mind if it comes up comes a little bit out like this and then goes up that's perfectly fine like I said it's never going to be perfect it's never going to be um directly on the dot so keep that in mind when you are drawing your zones but you don't want it to completely invalidate it or completely disrespect it by going completely out of it so like I said this is a good example of uh trend lines where you have one touch here as you see the touch this this wick came slightly out of the trend line that's not invalidating at all it's just slightly came out of the trend line which is perfectly fine um we have some other examples that we can look at let's say something like sorry something like this this is fine as well we had one rejection right here another rejection right here and another rejection right here even though we had the body of the candlestick come slightly out of it as I mentioned that is perfectly fine it's just we do not want um it to have came all the way down here or something like that that would invalidate our trend line or our support zone um when it comes to actually um our drawings that we are drawing now when you see this and keep in mind I like to draw my support or my resistance zones or my trend lines on higher time frames i don't like to do it more so on the one minute time frame only with certain strategies and we'll go into the strategies that I use on the lower time frames will I draw my um drawings on the lower time frames i personally like to draw them on the 4 hour the hourly and sometimes the 15 minute but more most of the time I'll draw them on the 4 hour and the hourly what I would suggest for you guys if you guys are beginners or just getting started being able to uh mark up your charts um what I mean by marking up your charts is just like drawing your support and resistance zones and your trend lines which are the basics of what you need on your charts i would suggest you doing this on the higher time frames cuz it's a little bit easier to see like if we look at uh we're now on the hourly time frame but if we go to the one minute time frame you see it can look a little bit more cluttered like a little bit more is going on it's a little bit harder to read the price action when I say price action I mean the action of what price is doing as far as what where the candlesticks are going if they're going up if they're going down um that's when I say price action that's literally all that means it just means what the chart is showing us uh so it's a little bit harder to tell us or to tell what the uh charts are showing us on the lower time frames that's why for beginners drawing your um zones or your support or resistance zones or trend lines on the 4 hour or the hourly is just a lot easier it's a lot cleaner we can obviously see right here that this is a support zone we can see right here that this would be a resistance zone and what we're looking for on these resistance or support zones when we're drawing our box let's say in this example where we had uh price come here but we never we haven't had price come back up in here we want to see strong rejections or strong movements away from areas so this for instance is a strong movement away from an area a strong movement looks like a lot of let's say red candlesticks if we're drawing a resistance zones a lot of red candlesticks or big red candlesticks if we're drawing a support we want to see big green candlesticks or a lot of green candlesticks so for in for in this um example this would be a resistance zone now all we're waiting for we're on Bitcoin right now all we're waiting for Bitcoin to do is come back up into this range then I'd look for sells and I'd make money when price sells down now we're going to go super in-depth about support and resistance and how I draw my support or resistance zones how to draw the perfect support or resistance zones but first I want to give you guys a secret to kind of technical analysis a secret that a lot of people don't talk about but I'm extremely uh I use all the time it's really drastically changed my trading and that's called hyanashi candlesticks now hyenashi candlesticks are a bit different when you go over here on the top of your trading view and hit the drop down you'll look at hyenashi so you'll be able to see hyanashi candlesticks and choose hyanashi candlesticks if you look um when you first look at it they probably look very very similar but they're actually a little bit different actually a lot different than regular candlesticks let me break them down i personally love hyenashi candlesticks i think they make trading so much easier a lot of my strategies that I use and I teach are used with hyenashi candlesticks but as a beginner it's very very important that you understand regular candlesticks first and master regular candlesticks first so you completely understand what those candlesticks are telling you before you venture into hyanashi candlesticks but I do want to give you guys kind of my secret and my my prize possession which is hyenashi candlesticks you won't see a lot of people talk about this these are actually candlesticks that are used widely in uh Japan and Japanese traders use them they are absolutely amazing and this is why so as you see they look a little bit different this is hyenashi candlestick this is regular candlestick 6 this is the same time period so let's let's just put a box around here this is regular candlestick this is hyenashi candlestick you can see you can you can see just a slight change in them and basically the point of hyenashi candlestick it's used to smooth out price or smooth out your charts so so you can really focus on what matters and um not be too emotional when it comes to you looking at each chart there are a bunch of benefits to hyenashi but let me show you guys exactly what the candlesticks mean because as you see they look different they also act much different than regular candlesticks so what I mean by that so in regular candlesticks the body as I mentioned to you guys the bottom of a bullish candlestick is where price started at and the top of a bullish candlestick is where price ended at uh vice versa the top of a um bearish candlestick is where price started at and the bottom of a bearish candlestick is where price ended at and then obviously the wicks is where price has been throughout that time with hyenashi candlesticks it's different right so the bottom of hyanashi candlesticks it always starts in the middle of the previous candlestick before it so if you look at all these candlesticks the body of this one started in the middle of this one the bottom of the body of this candlestick started in the middle of this one that necessarily doesn't really tell us anything what we're really looking at is the top of bullish candlesticks and the wicks and also on bearish candlesticks we're looking at the bottom of the bearish candlestick and the wicks because the top of a bullish candlestick when it comes to hyenashi candlesticks that's the average of where price has been throughout this entire time period so on the 4hour time frame so for instance with this candlestick right here the average of where price has been throughout this entire 4hour candlestick is right here at the top of the body of this hyenashi candlestick um the wicks work the exact same the only thing is that we can't see the bottom wick unless it breaks through the body of the hyenashi candlestick i'll tell you why that's important so um obviously like I told you guys the top of the hyenashi candlestick is the average of where price has been throughout this candlestick the wick is where price has been throughout this candlestick so obviously we can see price has went all the way up here during this hakashi hakinashi candlestick it could have also been all the way down here and things like that price could close down here and the candlestick won't still look like this because no matter where price closed this is the average of where price has been throughout this 4hour candlestick but you'll see examples right here where we have um the body is little and we have wicks on the top and the bottom candlestick like this like I told you guys the wicks work the exact same um so price was all the way up here during this 4hour period and price was all the way down here during this 4hour period price uh started in the middle of this candlestick that's not where price started sorry the candlestick this candlestick started in the middle of the body of the candlestick before it and the average of where price has been throughout this entire candlestick is right here now this candlestick could have price could have closed this 4-hour candlestick up here it could have closed it down here could have closed it wherever we won't really know like I said hyonashi candlesticks is made to smooth out the price and see the average of where price has been and there are a lot of benefits for this because it tells us the story not just on um irrational movements because sometimes with regular candlesticks price could be down here the entire time this is a 4-hour candlestick so price could be down here the entire time and then randomly at the last second or the last five minutes price could have shot all the way up here it shows us this on regular candlesticks but if we were just looking at regular candlesticks we would think that price was up here the entire time and that this was super bullish and price is just going to continue to go up but with hyenashi candlesticks we could have saw that the average of where price was and this is just an example that the average of where price was was down here so that would tell us that really price stayed down here majority of the time and it just so happened at the last second to go up here sometimes that can trick people because we can just see the close of the candlestick we can't see the average of what price has done if you're not watching your charts you won't know that this just happened at last the last minute but using hyenashi candlesticks we can see the average where price has been this is that same candlestick the average where price has been is down here um so that's really great for breakout trades because instead of us just randomly uh hopping into trades we can see the average of where price was and we'll get into this in the the examples of the strategies that I'm going to show you guys but I just wanted to break down hyanashi candlesticks so you guys understand it and you guys see the benefit of it uh because it shows us the average of where price has been now like I said the wicks work the exact same you'll see instances right here like on this candlestick where we have a small wick to the downside a bigger wick to the upside that means price was up here and it had went all the way down here all throughout this candlestick we see another one right here price had went all the way down here all the way up here same thing with this one price was up here it came all the way down here this is a red candlestick so the bottom of the body is the average of where price was at if we're on hyanashi candlesticks remember that and this is why I explained and said that it's very important that you understand regular candlesticks first before moving into hyenashi candlesticks because I don't want you guys to get confused i don't want you guys to look at hyenashi candlesticks and think this is where price closed at that's not what it is so what I would suggest for you guys is to master like I said regular candlesticks first master regular candlesticks and then start playing and understanding hyonashi candlesticks because not only does it show us the average price but it also cleans up your chart a lot it makes the chart a lot easier to see it cuts out a lot of the noise because if we look right here this whole tear to the downside where price sold down as you see on hyenashi candlesticks these are all red candlesticks if you go on regular candlesticks we can see we had a bunch of red candlesticks we did have some green candlesticks we did see price had went up but price ultimately was going down and that's the benefit of using hyanashi candlesticks in this instance because it shows us that ultimately price is going down yeah we had a little bit of a hiccup where it went up and some people especially newer traders would get scared when they see one green candlestick or they see price going against the direction let's say they were in a sell position um meaning they were betting on price going down they would see price go up a little bit and they would get scared and exit out the trade without real realizing that price was still going to continue to go down so it smooths out your charts a lot using hyenashi candlesticks in my personal opinion it also makes it much easier to find good support or resistance zones and keep in mind I'll draw the support resistance zones the exact same way I drew them on regular candlesticks so for instance on this example I draw it from the body of the lowest wick um a body of the lowest candle sorry to the wick of the lowest candle so just like this I draw it the same exact way and I draw drag it across um but I feel like it helps you see the charts and the price action um the action or the movement of the charts i I feel like it helps you see it a lot clearer um versus regular candlesticks can sometimes be a little bit more confusing a little more daunting because you have so many different colors you see every little small pullback you're not seeing the average of where price is going and things like that so that's one of the benefits of hyenashi but I want to reiterate this again please master regular candlesticks first understand regular candlesticks because they both have their pros and they both have their cons obviously we see a lot more detail with regular candlesticks but we don't get to see the average of what price has done the average price action that each candle has had um and that's the benefit of hyenashi it just smooths out your charts makes things a lot clearer to see but like I said regular candlesticks are still important so make sure you master regular candlesticks along with your hyonashi candlesticks so in order for us to actually master candlesticks we need to be able to understand the story that each candlestick is telling us now here on the screen is four uh candlestick patterns that I use a lot to actually enter into my trades because as we mentioned candlesticks come in all shapes and sizes but specific shapes and sizes actually give us a good idea of what the next candlestick is going to do and that's important because when we're drawing up our support or resistance zones we're going to go more in depth about support and resistance a little bit later on but when we're drawing up those zones we don't just enter as soon as it touches our areas we need to find some type of confirmation we need to see a candlestick pattern that tells us that price is going to do the same exact thing that it did last time it was in that area and these candlestick patterns help us do that these are the same candlestick patterns that I use every day to help me enter and exit trades so starting off here first uh we're just going to go through this quick little diagram then I'll show you guys them on the charts and show you how they actually do work and just mastering candlesticks can really really make or break you when it comes to this trading stuff so here this pattern is called the shooting star i personally like to call it the inverse hammer um but it's basically no matter what color this candlestick is it's basically we have a long wick at the top and the body is small on the bottom and it might have a little wick on the bottom but it's not a huge wick on the bottom it's usually a long wick on the top um with a small body and maybe a small or no uh wick on the bottom of that candlestick and shooting star candlesticks often mean that price is going to reverse in um the it's going to continue to go down so in this instance if we saw a shooting star most likely the next candlestick is going to go down now this hammer candle candlestick is the uh basically opposite of a shooting star if we see this candlestick as I mentioned to you guys before when I see long wicks in an area that tells me that price is basically scared of wherever that wick is so here when we have long wicks on the the bottom and a small body and no wick on the top or a small wick keep in mind this is on regular candlesticks i'll give you guys some examples for hyenashi but um on regular candlesticks if we have a long wick on the bottom small body um with the body at the top of the uh kind of stick then maybe a little wick on the top or no wick on the top that's basically telling us that price was scared to come down here and price probably going to continue to go up then we have these dogey candlesticks which is what I use a lot because a dogey candlestick signals that price is about to reverse so if we were going down really strong and then we got a dogey candlestick we're probably going to start going up uh and vice versa if we've been going up for a while then got a dogey candlestick we're probably going to start going down and a dogey candlestick is wicks on the top or the bottom they don't have to be completely like exactly equal but you kind of want them to be very similar in lengths as far as the wick size and then the body is usually very very skinny it's very small the dogey candlestick basically signifies indecisiveness in the markets which basically means that if we've been selling down for a long time and we get an indecisive candle that basically means that all the sellers are kind of out of there right now it's it's it's indecided right we don't know um or the sellers the people who keep selling they're kind of done selling so uh realistically we're probably going to start buying and that's where buyers would step in and start buying a lot so dogey candlesticks basically show us what um when we're about to have a reversal and I'll show you guys real examples of this on the charts and then a bullish engulfing there's also bearish engulfing but all that means is that the candlestick before it the candlestick after that one is bigger than the candlestick before it and that basically means that this candlestick um let's say in this example we had a red candlestick and then a bullish candlestick or a green candlestick after that that's bigger than the previous one that basically signifies that the next candlestick is probably going to continue to go up now vice versa if this was a big or if this was a small green candlestick and we had a bigger red candlestick that's called a bearish engulfing um all that really means is that the current candlestick engulfed or kind of how I like to think about it y'all bear with me i have I have the learning capabilities not learning capabilities but I like teaching in ways that kids can understand so what engulfing means is like the current candlestick can basically eat the other candlestick so in this example the green candlestick is bigger than this one so this one it can engulf it can eat this candlestick which tells us that this candlestick wins and the next candlestick is probably going to be um bullish then vice versa if this candlestick was green and then this candlestick was red that's a bearish engulfing so the bearish candlestick can technically eat the previous bullish candlestick which means that we're probably going to get another bearish candlestick to the downside so these are the main ones that I look for um shooting stars hammers like I said I like to call shooting stars inverted hammers personal preference uh but shooting star hammer dogee bullish engulfing and bearish engulfing now let's let me show you guys some examples of these so perfect example with these support zones that we had previously drawn out as you see we originally drew our support zone right here we had gotten a hammer this is a hammer long wick on the bottom small body at the top and a small wick at the top and price rejected to the upside then we drew a support zone and when price tapped back into this area what do we get we got another hammer here long wick at the bottom small body at the top and a small wick which signified if you guys look at right after this hammer candlestick price went up right after this hammer candlestick price went up um there's a bunch of examples of um other things that we just went over we just went over a bullish engulfing we see we had small red candlestick that was engulfed by this green uh bullish and candlestick and you see price continued to go up we can see a bunch of examples of this we see this one right here we had a small green candlestick we had a bearish engulfing this candlestick was bigger than this candlestick bearish engulfing and the next candlesticks ended up going down we can see a bunch of examples of dogeis so you see we have here a inverted hammer or a shooting star long wick at the top the body at the bottom let me turn this off uh the body at the bottom and then a small wick at the bottom you see that is a resistance zone and it sold down and then you see we were continuously selling down selling down and look what we have here we have a dogee candlestick remember Ad Doia is wicks at the top or the bottom they don't have to be the exact same length but you don't want one where it's super small on the bottom and big on the top you want it where they're close enough in um length as far as the wick wise then obviously the body is super uh small so you see we were going down we continuously were going down down down down we got this dogee we got that dogee and as soon as we got that dogee we started going up that's a perfect example of a dogee now we can see a bunch of these examples all over the chart we can see another dogee right here where for a short period we're going down we got a dogee right here we start going up for a short period and then we got another dogee right here remember dogee means that that's the end of that trend we're now going to start flipping in the other direction so we were going uh down we got this big dogee right here price started going up we got another dogee right here and as you see after this dogee price started going down we can see like I said a million of these examples all over price is going down we got a dogee right here price started going up um we can see a shooting star sorry a hammer right here where we have long wick on the bottom small body and small wick at the top next candlestick was bullish as you see price continued to go up for a while we see we have a shooting star right here and a dogee so we had a dogey first right here and then we had a shooting star both of these are telling us that price is going to reverse we had a shooting star long wicks at the top as I showed you guys small body at the bottom with wick on the bottom a small wick on the bottom and after that candlestick what do we see price continued to go down now keep in mind we're on the 4hour time frame right right now this works on any time frame we can go to the 15-minut time frame um right here we can see a bullish engulfing price was going down this bullish candlestick engulfed this candlestick and you see the next candlesticks started going up um another one right here we were going down this bullish candlestick engulfed this one price started going up let's see if we can find some uh dogeis which I'm sure will be fairly easy price was going up right here we had a dogee remember dogeis have small bodies wicks on the top or the bottom the top and the bottom sorry and those wicks are as close to equal as length as possible we're going up we got our dogee price started going down price started going down we got another dogee right here and you see price started going up this is on the 15-minut time frame as I mentioned you can do this on literally any time frame the same patterns will apply you'll see the same exact things happening you see we have a hammer right here hammer candlestick right here to the upside and price started going up we have a bearish engulfing we had uh bullish candlesticks going up we had a huge bearish engulfing and price started going down um there's a 100 million of these examples if you just learn these four patterns that I just showed you well technically five patterns if we um if we include the bearish engulfing and the bullish engulfing if you learn those patterns that's how we understand the story that price is trying to tell us that's how we're able to predict what is probably going to happen next we were going down got a dogee started going up these are the patterns that you need to memorize because these are the things that is going to help you feel confident about entering your trades cuz it makes no sense or there's no point in us drawing our support or resistance zones if we don't know exactly when we should enter each trade now this is all done on regular candlesticks but I told you guys you can look for the same exact thing on hyonashi candlestick but it's there's a difference so when we go to hyanashi candlesticks we're not going to see bearish engulfings we're not going to see bullish engulfings we're also not going to see hammers and we're also not going to see shooting stars what we are going to see are dogeis and dogei candlesticks on hyenashi are absolutely amazing they are my biggest tail as in when I'm gonna hop into a trade so what I mean by that is you see price was coming down here we got a dogee it's the same the dogey looks the exact same we have wicks on the top of the bottom remember we want them to be as equal as possible um but they don't have to be exactly the same size we just don't want them uh what's the word um word lopsided I guess is the word uh we don't want them lopsided um but then we also have the small body this is a dogee you see we're going down we got our dogee and started going up we can see multiple different examples of this um we're going down here we got a dogee started going up we were going down here going down we got a dogee right here started going up so you can look for those candlestick patterns but all of them you're not going to be able to see on hyanashi candlesticks but you can see dogeis on hyanashi candlesticks but all the other ones the all the other um examples and patterns that we went over as far as the hammers let me pull them up again for you guys so you guys can see them clearly um the hammers the shooting stars the dogeis the bullish engulfings and the bearish engulfings that's what you'll be able to see on regular candlesticks but hyenashi candlesticks don't try and look for bearish engulfings don't try and look for hammerheads don't try and look for um shooting stars cuz they're not going to work the same the only thing that'll work the same on hyenashi as it does on regular candlesticks are going to be your dogey candlesticks and that's why it's super super important that you master both of them not just regular candlesticks and not just hyonashi candlesticks master both of them and master the uh candlestick pattern so you know exactly what price is telling you that way you can be able to make a educated guess on what the next candlestick is going to do or where price is going to go next all right so let's have a deep dive into support and resistance because honestly support and resistance is the backbone of us as traders it's honestly the foundation of any profitable trader if you don't know support or resistance you cannot trade so we're going to dive into this uh more in depth i want to show you guys how I draw my zones in depth what I look for what I'm not looking for valid support or resistance zones and also some tips and tricks the first one is the fact that we obviously uh have this is our resistance say this is our support zone um price obviously goes up and down in support and resistance but what a lot of people don't know is that when price breaks out of a support or resistance zone and breaks out all that means is that it goes above our in this case resistance zone price most of the time comes back and we call it retesting price comes back down to retest a previous resistance zone and actually ends up treating that as if it's a support zone so that previous resistance zone actually flips and changes into a resistance zone sorry into a support zone same thing vice versa if price sells below our support zone a lot of times price will come back up to retest the previous support zone and that then acts as a resistance zone and we can sell off of that area that's something that a lot of people don't know and that's actually one of the main strategies that I use like I said we're going to go in depth in the strategies that I use in a second here but I want to I want to make sure that you guys understand uh support or resistance how I draw it what I look for so like I said most of the time I stay on the 4 hour time frame or the hourly time frame to draw out my zones and all I'm looking for is strong rejections from an area i'm looking for either strong rejections from an area or strong movements away from an area or multiple smaller rejections from an area so there's a couple zones I can plot out here we see price was going down and we got here and price shot up so if I saw this I draw my zone around here and wait for price to tap back into this same area as you see price came back into this same area right here and bought up this is a valid support zone so I could have made money on the bounce up off of here i see another zone here where price got here and you see price sold off very heavily so I draw my box just like I explained to you guys we're drawing it from the top of the wick to the bottom of the body on the highest candlestick sorry to the top of the body on the highest candlestick so just like this now it doesn't have to be completely completely exact but that's my rule of thumb when I'm drawing my zones so I draw it like that cuz I had that huge uh rejection off when price got here obviously I can scroll to the side and see that when price came back into my zone we sold off yet again i can find a couple other examples of um times where price actually rejected multiple times at an area we can see right here where we had three rejections at this area this is multiple rejections we didn't have any strong rejections just yet but we had multiple rejections at this area which shows me that this is a strong resistance zone we can see a bunch of different examples here honestly we can see another example right here where price sold down very strongly right here tap back into it and sold back down and um honestly it goes on and on and on another example right here where we have multiple rejections and price bought up in this situation we would have drawn our zone right here price would have went up we actually could have bought right here and made money when it went up right here we also could have bought right here and made money when it went up again right there um like I said I most of the time do this on the 4hour time frame you can see them as well on the hourly time frame and be able to see support or resistance zones just one key and thing to keep in mind the higher the time frame the more respectable your support or your resistance zone is actually going to be now you can actually see a very very good example of that breaking retest that I was showing to you guys where we have this support zone right here multiple smaller rejections at this support zone if we draw our box or area around here and as you see when price broke below it we came back up tapped into it we actually got a dogey candlestick so we could have entered on the dogey candlestick like I just told you guys that's a reversal candlestick and we could have made money when price went back down that's just one example of a break and retest there's another example right here actually this zone right here is a break and retest from before so if we drag this across we can see price bought up into this area sold down broke above it and price came all the way back down to retest that same area and bought off of it so you'll see this a lot with trading you'll notice that your zones are um I don't I don't want to say evergreen but if you have your zones and your areas on your charts you can most of the time they're going to be respected later and we'll talk about this when we go over key levels in a second from now but um support or resistance a lot of times are respected in um the future as well so even in this example multiple small rejections here very very nice support zone right here we could have took entries on any of these buys up actually if we I'm going to use this replay feature we're going to go over what the replay feature actually does later on in this video but I just want to use this for an illustration um we're going to go to the 5m minute time frame remember we're on the hourly time frame um we'll go to the 15-minut time frame actually and we'll see if we see any of our entry candlesticks here so we see we made our support zone right here we waited for price to come back down we actually saw a dogee right here and we saw a hammer candlestick after we saw both of those we could have entered into the trade right here right before price bought up and had a really really big bullish candlestick and made money as price went up so that's that's honestly how I trade support and resistance now there's a couple other things and I'll go over that in my support or resistance strategy section of this video but that's how I do it we go we start on the 4hour time frame we're looking for our strong support or resistance zones and this works with every pair i could type in a random this is a Forex pair Euro USD um I could type in a random pair here we can see automatically I see a resistance zone right here rejected multiple times came back up into that zone we could have sold when it uh rejected here we could have sold when it rejected here we could have sold when it rejected here we could have sold when it rejected here now obviously we broke above it now now honestly I can keep this on my chart if I did want to trade EuroUSD which is a forex pair um I just brought up this this pair just to prove to you guys that this support and resistance is universal it works forex futures stocks options crypto it works in all industries um so now I could wait for price to then price is obviously up here i could wait for price to come down here and most likely it's going to bounce off of here and I can make money when it bounces off of here um we can find a bunch more support or resistance zones so we have a support zone right down here this is a good example of we see price broke below it but didn't stay below it now this in my personal opinion is too it came too far out of my support zone so I wouldn't have bought when it came and bought up here even though it did end up buying and ultimately respecting this zone it came too far out of my zone for me to still trust it um but as you see it came again this second time and bought off of it and that's why I say your zones are not evergreen but you can keep them on your chart because a lot of times price will come back to those same areas and respect it the same way it did before even if it didn't respect it one time before um we can find a bunch more examples this is another example where we have multiple rejections at this area we have one rejection sold down tapped into it again sold down tapped into it again on this candlestick sold down tapped into it again right here sold down tapped to it into it again right here and so down so this this is my um analogy of multiple projections yes I told you guys I want to see um big changes as far as uh big movements away from areas so something like this where we see price sold down very heavily we can drag our box over here and as you see this resistance zone was respected right here and price sold down um we can go to a crypto chart as well let's go to ETH USD just so I can show you guys that this is universal and we we we look for the same exact things so here I can easily spot that we had uh a huge selloff right here we could put our uh resistance zone right here if it lets me draw my box put our resistance zone right here and when price came and tapped back into that resistance zone we could have sold off right here and all we would have had to do is go down to let's say like a 15minute uh time frame let me see where we were at right here we have went down to our 15-minut time frame and just looked for any of our candlesticks as you see we got a dogee right here so as soon as we know as soon as we saw a dogee in our area of interest or our resistance or support zone um we could have entered on this because the dogee is showing that there's indecisiveness that there's going to be a change of trend or change of direction obviously we're going up and we're betting that because it's tapping into our resistance zone that we're going to end up going down so we could have literally hopped in as soon as you saw this dogee and made money to the downside very very easily i just want to show you guys a bunch of examples as far as being able to spot good support or resistance zones and I mentioned to you guys that it's very very I personally like doing it on hyenashi candlesticks just a little bit more because it's just a little bit uh clearer to see so if we switch over here to hyenashi candlesticks we we're looking at the same candlesticks we're looking at the same chart we had a huge let me zoom in a little bit for you guys we had a huge drop down into this area and then we had nice price action to the upside or we had uh price moving up to the upside so we could have drawn our zone right here dragged it along waited for price to tap back into it we had price tap back into it right here bought We could have bought and made money right there we had price tap back into that zone again right here and it bought up we had price tap back into our zone right here and it bought up again right here it bought up right here and it bought up so multiple different obviously opportunities for entries here um or to be able to trade using just this one support zone that we drew and obviously it broke through it but we know we can drag this along and wait for price to come back into that previous support zone to then use that as a resistance zone and sell off of that once again so that's realistically how I draw my support and resistance zones like I said I start from the 4hour time frame or maybe the uh hourly time frame and I'll draw my support or resistance zones they're all based off of um strong movements away from areas or multiple rejections at areas once I draw those zones it's a game of being patient and waiting for price to come back into your zone for you then to make money on it uh or off the reversals of those zones so uh like for example right here huge rejection sold down into this area sold up we would have drawn my zone right here we would have waited so all I would have all I would have seen I wouldn't have seen anything past here all I would have seen was this huge drop down i would have drawn my support zone all this is happening over here i'm not paying attention obviously we have like smaller support zones right here um and it was respected three times so this is where I would have drawn it possibly would have bought off of here the first time it rejected or yeah rejected off this area or bounced off of this area or the third time it bounced off this area or technically second time that I would have known that it bounced off this area i could have taken that but keep in mind I'm waiting for price to come back down into this support zone waiting waiting waiting waiting waiting price came back to tap into my support zone i would have went to my 15minut or my 30 minute time frame and entered for buys off of here and as you see we would have been able to make good money because price instantly went up and if we held it even longer price went up very very far um so that's how I draw my support and resistance zones like I said we're looking for either multiple rejections at an area or one strong rejection at an area so this would be a support this would be a support down here this would also be a resistance up here strong movement away from here resistance right here multiple small rejections at this area and uh we would just wait for price to then tap back into either one of these levels and then reject off of it that's how I draw my support and resistance zones it's super super vital that you guys understand support or resistance understand why it works understand why we as traders need it it's basically a cheat code to be able to know what will happen because we know what happened last time price got at a certain area um so it allows us to easily capitalize on that movement and make money based off of recent price action now key levels for me are a little bit different than support or resistance but they're basically like the cousin of support and resistance maybe even like the brother or sister or support resistance they're very very similar but for me key levels are evergreen i mentioned support and resistance levels are not evergreen most of the time I'm redrawing my support and resistance zones really like every 2 to 3 days um but key levels I'm kind of keeping them on for weeks if not months at a time and key levels for me are something a little bit stronger so what I mean by that is we all know that price doesn't just go straight up we've talked about this in this video multiple times price does not just go straight up or straight down price goes up down a little bit up down a little bit up down a little bit up down up a little bit down a little down a lot up a little bit down a lot and vice versa vice versa vice versa so what we see here is we were in a uptrend and uptrend simply means we are trending up and then we went into a downtrend downtrend simply means we were trending down and then we went back into an uptrend now there's a couple pivotal points here the first pivotal point is right here we were in an uptrend and price got here and went into a downtrend so to me this level is very very strong these are my key levels this is what I plot on my charts as my change of direction zones or my key levels now we were in a downtrend here and then as you see we got here and went back into an uptrend this is another key level obviously throughout here we can see some support zones or sorry resistance zones right here we can see a resistance zone right here we can see a support zone right here support zone here here here we can see support zones and resistance zones all over support support support support support resistance resistance resistance resistance more resistance more more resistance we can see all these levels these are good support and resistance zones but my key levels are a lot stronger they're my change of direction zones which means we were in an uptrend price got to a certain area it changed directions and went in the opposite area that's my key levels and that's what I look for when I'm drawing my key levels and what I do when I'm drawing my key levels let me delete all these drawings what I do when I'm drawing my key levels I don't do zones how I do a support and resistance zones i draw specific lines and I'm looking for price to reject at or near those areas now we can plot out some zones here and I'll show you guys what I mean um I do this on the 4hour time frame same exact thing so if we plot this out we can look at this chart we're zoomed out uh very far uh very wide we can't really see much uh detail versus if we were zoomed in but all I'm looking for is when price changed directions and started making lower lows and higher low or sorry lower lows and lower highs and all that means is price came right here went low it made a new high right here then it made a new low and this low is lower than this low so it made a new low then it made a high which is a lower high because this high right here is higher than this low or then this high sorry so it made a a lower high then another lower low a lower high another lower low lower high until it starts making higher highs and higher lows higher highs higher lows so those are our change of direction zones so like I said we're in a downtrend we're making lower lows and lower highs cuz each low that we're making is lower than the previous one and she each high that we're making is lower than the previous high when we're in an uptrend here we're making higher highs and higher lows because this high is lower than this high so our next high right here is a higher high than this one our high our low right here is a higher low than this one same thing right here this high right here is a higher high than this high and this uh lower uh higher low right here is higher than this low so that's how we determine in ter in the terminology that traders use those are higher highs and higher lows uh but when I broke it down first and how I like to simply put it is that we're going down a lot up a little bit down a lot up a little bit down a lot up a little bit until we're going up a lot down a little bit up a lot down a little bit and you can see this on the charts fairly easily so you'll see we're high then we go low then we go high then we go low then we go high again then we go low and then we get here and start going high this high is now above this high we make a low right here we go high again up here then we go low then we go high again and we go low so you see we were going in a downtrend here we got to this point right here and started going in an uptrend uh that's just me drawing it out the more time you spend on the charts the uh you'll be able to see it a lot clearer like to me I can spot all these um basically really fast so like right here it's a key level um up here is a key level cuz we were going up we got here and started going down um there's another key level right up here we have another key level right here because we were going up then we started going down right here as you guys can see and I didn't mean to move my drawing uh and you can keep doing this very very far back obviously it doesn't make sense to draw your key levels all the way over here um most of the time when I'm drawing my support or resistance zones I'm drawing my support or resistance zones based off of what price has done within the last week or two weeks max my key levels i'm drawing it as far back as makes sense and what I mean by as far back as makes sense right now we're all the way up here it doesn't make sense for me to be drawing key levels all the way down here because we're the likelihood this is a stock right now we're we're now we're on an Apple stock it's it works the exact same no matter what you're trading um stocks crypto options futures doesn't matter um but right now this is Apple and it doesn't make sense for me to draw my key level all the way down here when we're all the way up here and the likelihood of it coming down to my key level all the way down here is very low and if it does happen it's going to take a long time and I'll draw my key level at that point um but I do keep my key levels on no matter what and the reason why is because you see we have this key level right here and key levels work the exact same as support or resistance meaning when price when we make our key level so we draw our key level right here i do this on hikinashi you can draw this on regular candlesticks um when we make our key level right here all we're doing is waiting for price to come back to that key level so you see we're waiting we're waiting we're waiting price tap back into our key level actually gave us a shooting star candlestick right here we could have entered right here if we wanted to for sells to the downside as you see it rejected off of it and sold all the way down um but we also broke above it over here and can you guys see exactly what happened when we came and tapped back into it it treated this previous key level that was a resistance key level as now a support key level and bounced off of that key level and as you see we're actually coming back into that key level right here where we tapped into right here and then price sold down if we go to like a a lower time frame we can see it tapped into it on this key level and sold down and then it actually came and tapped into or tapped around our other key level that we had and bought off of it now keep in mind I told you guys I draw my lines for my key levels and I mentioned to you guys that in trading it's never going to go exactly to the point it's not going to stop directly on my key level it sometimes won't even go all the way up to my key level but with my key levels I'm looking for price action or I'm looking for those candlesticks that tell me that price is about to reverse off of it around that area so when I see this candlestick right here this um hammer it's it's not a super super clear hammer but just for example wise I see a hammer right here it got close to my key level here and we had a bullish engulfing candlestick that's a good sign that it's now rejecting off of my key level even though it didn't exactly touch my key level remember it's always a range around our key levels no matter if it's a key level or support or resistance zone so um that's how I draw my key levels you can do this literally on any pair if you want to do this on a a crypto pair you could do it on crypto as well uh we were just on this chart we go to our 4hour time frame we zoom out we're looking for our change of direction zones technically this zone right here is a key level because you see we were going up and then we got to this level and sold down and as you see what ended up happening when price tapped back into that key level we sold down price tapped that key level we sold down um we can look for more key levels here so we [Music] have these two down this is a key level right here because we're in a downtrend we got to this low right here and went to an uptrend keep in mind when it comes to key levels you're looking for the lowest point so these both of these got pretty low but this is the lowest point this is the lowest point this candlestick came down the furthest this one did not come down the furthest so that's where I'm drawing my key level i'm then waiting for price to either come back to that area as you see it came back to that area and gave me a dogee on my key level and what did it do it bought up we could have made money when it bought up um it came broke through it retested it right here gave us a bearish engulfing candlestick and sold down and that's why I say my key levels are universal because I'm keeping them on really forever because these key levels are super super strong even right here you see we were in a downtrend and then we made the lowest point which is right here this is the lowest point we made this lowest point as our key level and then we started going in a uptrend again we price started going up now we see price came back to this exact key level bought off of it we could have made money when it bought off of it it came back to it again we would could have made money when it bought off of it again we broke through this key level and what happened when price tapped back into that key level we now could have sold off that key level so that's how I draw my key levels i do it on the 4hour time frame uh some people do it on the daily time frame i just rather do it on the 4 hour time frame you can do it on um I wouldn't suggest going lower than the 4 hour time frame to draw your key levels remember you're not drawing key levels based off random places so you're not drawing your key level right here this is a support this is a resistance zone sorry this is not a change direction zone remember we're only looking for those change of direction zones let me draw this this is getting bad we're only looking for those change of direction zones this is a change of direction because we're going up this is a change of direction zone because we started going um we started going down here we started going up here again we had a change of direction zone up here that's a change of direction zone usually my key levels I won't draw two key levels at this point let's just imagine this was up here this is a key level up here because we got here and started going down so we're not drawing key levels at these points right you need to um make sure that you're not getting confused with your support and your resistance versus your key levels um so this is not a key level this is just a resistance zone right here this is a support this is a resistance this is a support these are key levels where market shifted the direction that it was actually going in uh so that's how I draw my key levels and how I plot them out and what I look for based off of those key levels as far as when I should enter into trades um what I expect for price to do when it gets near my key levels now it's important to understand that the market goes through these different phases right the market has really three different phases we have consolidating phases we have trending markets and we have breakout markets i'm going to show you guys examples of all these but it's important that we be that we're aware of these because certain strategies and looking for our support or resistance or key levels in specific type of markets could alter the way that we enter into our trades and obviously when we get into the strategy section of this video I'll break down which strategies are best in which markets but we need to be aware of these markets and know what they are so let's say we have our support zone right down here and let's say we have a resistance zone right up here consolidating market all it means is that price is just staying within a specific range it's not really going in any direction and staying within a specific range even though it's not going from support to resistance to support to resistance it's staying within this whole range that's what we call consolidating markets and a lot of other traders will call it more so choppier markets it's a little bit harder to trade if you are looking for breakouts all the time or if your strategy uh forces you to have to wait for breakouts but it's great if you're trading support and resistance and like I said we'll dive deeper into this and the exact strategies that's best to use in different market conditions but this is what we call consolidating markets um and this is more so what it looks like we're just consolidating within a range now we have something called trending markets so obviously I mentioned to you guys before that markets never just go straight up or straight down markets go up down a little bit up down a little up down a little bit this is considered a trending market the market is just trending to the upside or the market could be trending to the downside it works the exact same this is a trending market and these markets are absolutely amazing when it comes to any type of breakout traders this can be a little bit harder if you are trading or you won't get as many opportunities i won't say it's harder you just won't get as many opportunities if you're only looking for regular support and resistance trades specifically for the reason that the market is just on a tear it's it's it could have been that some huge fundamental news came out it could have been that um we just had a lot of volume randomly volume as in we've had a lot of people buying something or a lot of people selling something so it's making the market move really really fast in a specific direction um that's really what trending markets are and they work like I said really good with any type of breakout strategy now breakout breakout um sessions or broke breakout markets are very very similar to trending markets but what you'll see a lot is in breakout markets is that we'll have a bit of consolidation and then a huge breakout then a bit of consolidation and a huge breakout bit of consolidation and a huge breakout that's typically how breakout markets work and these are great for anybody that's trading any type of breakout strategies or someone that is trading support and resistance because a lot of times on that pullback it'll consolidate so it's kind of trending markets and consolidating markets put together you can find really really good opportunities during these type of markets um but you can find good opportunities in all type of markets it's just you have to be aware of the type of market that you're in because you cannot trade the exact same that you were trading in a consolidating market when we're now in a trending market same way you can't trade the same when we're in a breakout market as you were as you would trade if we were in a consolidating market so it's very very important that you understand what type of market we are in now there's actually a bunch of secret tools that we can use they're called they're not secret tools but they're they're just things that help us compile the information that we see on our charts that can basically tell us if it is a consolidating market a ranging market what direction the market's been going in overall um and just things like that they're really what I like to call sidekicks when it comes to trading they're not completely necessary batman really doesn't need Robin but sometimes Robin comes in comes in handy i think that's the terminology but that's basically how I treat indicators indicators are basically just compiling the information like I said that we see on a chart here and putting it into a giving a different type of visualization it helps a lot of people that can't really understand the markets very easily it helps them see if we're in a downtrend if we're in a uptrend um it helps us see if there's a lot of volume it just helps compile the information that we're seeing on these candlesticks into a more digestible thing now me personally when I first started off trading I thought indicators were the holy grail i thought that you need a whole bunch of indicators to trade with and that if you don't use indicators you're never going to know what the heck's going on now that I'm 8 years into this I rarely use I really use only uh one or two indicators and we'll get into that in a second here i really only use one to two indicators but I like being able to just read the charts myself as I mentioned to you guys the indicators aren't really showing you anything different that you can see on the charts it's really just compiling that information to make it a little bit more digestible but the more time you spend on the charts the more time you spend looking at these candlesticks the more time you put into um day trading the more you're going to be able to see everything that those indicators would show you but I must admit that they are extremely helpful in a couple different aspects so they're they're really great for beginners so if you're a beginner trader lean on these indicators like I said they're sidekicks use them they are very very helpful to help you determine what direction the market's going in and things like that also giving you indications when sometimes you should buy or sometimes you should sell they're great for things like that they're also great just to give you more confidence in your trades because when you're trading and you you see okay this is a resistance zone up here right there are indicators that could also point out resistance zones so if you see you drew your resistance zone then you also see that indicator that you used also put a resistance zone at that same spot it just boosts your confidence in your trading which ultimately is what we need we need to be confident in our trading we don't want to be overly confident but we need to be confident that we are drawing the right support or resistance zones drawing our right key levels that the market is actually in a downtrend when we think the market's in a downtrend or that the market is actually in an uptrend when we think the market's in an uptrend so things like that now let's get into the indicators that I use and indicators that I recommend especially for beginner traders so how you'll see them as we went over in the how to use Trading View uh section of this video right here on the top part of your screen you'll press this word named indicators and under your favorites you're not going to see anything at all it's going to start you off I believe looking at technicals or financials or whatever it is it doesn't really matter this search bar right here is really what we're going to use to type in any indicator that we want to find now if you press on technicals you can actually just see a bunch of different ones that are native in Trading View as far as like it's already integrated in Trading View but the cool thing about Trading View is that it actually lets other people like if I wanted if I knew how to code I could code my own indicator and actually put it in here for other people to use uh so that's super super cool and I believe you can see that under community here and you'll see who the author is and this is just like their Trading View um username bunch of different indicators you can search through them there are literally thousands and thousands of indicators but if you use too many indicators I promise you you'll be more confused than you are clear so the ones that I suggest for most people first of all is starting off with an indicator called Killzones it's by It's actually one created by somebody else this is not native inside Trading View um but it's by this person named Oscar VS so if you type in Killzones you'll see it right here by Oscar vs if you click that you'll see it will come onto your chart and you'll actually see this yellow line come onto your chart now depending if you have a white background like your chart background is white or a different color you'll see other colors come on but if you notice as soon as I press that indicator right here it popped up so right under the chart that we're on right now under this sell and buy button you see kill zones popped up right here you can press this I button to actually turn it off or turn it back on you can go to your settings right here you can go to source code i've never pressed that button in my life you can go to remove this will just take it off your chart and then go to more and that just kind of opens things up for you to see it if you hover over it right here and press the settings gear what I like to do is come over here default it'll have a couple other things um on here have basically everything on here you'll see it pop up in a second i think I changed the colors on it though oh here we go yeah so you'll see kind of all this come on your chart here automatically as I mentioned to you guys I don't like having too many things on my chart because it confuses me and I don't really care too much about this what the kill zones are showing me is the sessions that we are in we already went over that there are three main sessions when it comes to trading we have our New York session we have our London session we have our Tokyo session the Killzones indicator is just showing me on the chart when each of those sessions actually started so for instance if we come here let's say I make this red like this um and then I have the background color i don't really need the background color um but right now it's showing me the New York kill zone the entire session the Tokyo kill zone the the entire session the London kill zone the entire session what I mean by the kill zone the kill zone simply just means that's when it started then you'll see the highlighted area over here like the yellow is where London session started and throughout this entire uh shaded yellow part that's the duration of London session i know we went through it already in this but this just helps you visualize it and the reason I like it is specifically I know I'm only trading New York session so when when I'm actually looking at my charts I want to know what happened during New York session and this indicator helps me do that very very fast without me having to hover my mouse over here and look at the bottom of my screen and see it says "Oh this is 7:10 this is during London session." If I turn this off I don't know where I am unless I look down right here if you look on the bottom of my screen where it says 18:50 and I see what time that is i'd rather it just automatically be uh visible to me so I can easily see exactly where I am now you can play around with these settings for the most part I don't care about Tokyo session i don't actually like these shaded parts at all i just want to see when these sessions actually start so I usually just have this yellow line right here and this red line this yellow line tells me when London session started this red line tells me when New York session started that way I know red line is when New York session started so for the majority of this area right here this is all New York session so I know this is the candlesticks that printed or the candlesticks that shown um during New York session and that's very very valuable to me and I think it's great for new traders as well now other indicators that I personally like if you come back over here to indicators and type in volume weighted average price right here this indicator this is native to Trading View if you press that you'll see it come onto your screen you have a bunch of different lines and and colors and things like that i don't like all these but basically what the indicator does and I'll show you guys how to clarify this cuz I don't like the three lines only really need the VWAP line so under um you can actually go into your settings you see it was added over here on the bottom left corner if you hover over it same way we did with Killzones if you hover over it and press the settings icon it pulls up the settings for it now what I do as soon as I put this VWAP on my chart is I come over here under style and I'llclick the upper band the lower band and the bands fill all I want to see is this blue line now obviously if you want to you can change the color of this line to whatever color you want it really does not matter it's going to do the same exact thing then you'll just press okay but basically what this volume weighted or this VWOP does the volume weighted average price does it just shows you the average price of where price has been um according to the volume that has been coming in now the reason I know that sounds all complicated and things like that but the reason why that's important is that shows us if we should be really looking for sells or if we should really be looking for buys when the VWOP is above where the candlesticks are so in this instance right here you see my black line which is my VWOP which is that indicate I just put on um when price is under my VWOP I'm only looking for sell opportunities because that means that majority of the day the price has been going down and as I mentioned to you guys we always want to trade in the direction that everybody else is trading you're not here to stand out i know your parents probably told you as a kid makes you always stand out in life and all these things when it comes to trading you do not want to do that you're not going to stand out in the markets and win you need to trade with everybody else you need to trade with the people who are putting a lot of money behind their positions or or selling out of things or buying a lot of things those are the people that are actually pushing the price in the direction that it's going so the VWAP shows us overall where the direction of whatever we're looking at is going right now we're looking at gold um gold futures actually so we're under the the VWAP so we'd only look for sell opportunities and as you see we're selling off very hard we're selling off very hard so being co um being conscious of that it allows us to make better trading decisions like I said we can zoom out and see that we're going down but the VWAP just helps it be more digestible it helps show it to us a little bit clearer so automatically we don't have to think we don't have to do any of that we can just see okay the VWAP is above where our candlesticks are right now so we should probably only be looking for sell opportunities if we want to trade in the direction that everybody else is trading now we can go to multiple other days here where you see price is above where we're at on um above where our VWAP is so we should be looking for buy opportunities as you see we're buying up very strong we're buying up very strong so it just helps you be on the right side of trading most of the time now with VWAPS it's not 100% certain like I'm never going to completely ignore a buy setup if we're under the VWAP it's just it's an it gives me extra confidence in my trade when I'm looking for sales knowing that we're below the VWAP so as a beginner and this is what I did in the beginning of my trading obviously I've been doing this a little bit longer but in the beginning of my trading I used to only take sales when we're below the VWOP and that's perfectly fine as a beginner this helps you simplify your trading decisions you can take one decision out of your um to-do list I guess if you want to put it that way by just realizing that if you're below the VWAP just look for sells ignore any buy opportunities only look for sells and that will ensure that you are on the right side of trading in the direction that everybody else is trading in now there are a bunch more indicators that a lot of people like but for the most part those are the ma these are the main two ones that I use the kill zone and the VWOP there's another indicator called uh the moving average um a lot of people use the moving average exponential if you press that you'll see it'll come onto your chart it's this blue line now the moving average exponential is very much the same as the VWOP the only difference is that it's not going based off of volume it's just strictly going based off the price of whatever it is that we're looking at here now you can make this a lot more you can customize this a lot more than you can the VWOP so if we hover over the the EMA right here which is the moving average that we just put on our chart and press the settings obviously we can change the color of it if we want just like we did with the other thing let's say we want it to be purple um but under inputs you can actually change this length number now what this length number does on an EMA I told you guys that EMAs are basically showing you the average of where price has been this number tells you is basically um clarifying how what what average is it taking from so right here in this instance this nine is basically saying the line is the average the line the the where the line is at on the chart is the average of where price has been for the last nine candlesticks now this will change depending on what time frame you're on so if you're on the five-minute time frame the EMA will show you the average where price has been throughout the last last nine five minute candlesticks now obviously if I go to the hourly time frame you'll see this EMA which is this purple line right here is showing me the average price of where price has been throughout the last nine hourly candlesticks you can do it on the 4 hour the 1 minute the 15 minute it does not matter but what I personally like doing because you can actually play around with this you don't have to keep it on the nine a lot of people use the 50 EMA which all that's changing is showing you the average where price has been throughout the last 50 candlesticks versus the last nine candlesticks now you can play around with this but the main settings that most people use is the 100 length EMA and the 50 length EMA there's a small amount of people that also use the 30 length EMA but as I mentioned I don't really use the EMA much i just use the moving average for the most part but this is another one to be aware of because this is one that is used very very frequently by a lot of traders now we mentioned volume i mentioned to you guys that the view app is based off volume and things like that there is an indicator that we can use here called volume um you just type in volume and it's one that's literally just titled volume a lot of times when you first create your Trading View account you'll see this on the bottom of your screen this is that volume indicator and what this is showing you is how much volume is actually in each candlestick so we know that in order for anything to go up or anything to go down there have to be people buying or people selling now the more people that buy that's the more volume that's created the more people that sell that's the more volume that's created but there's also going to be times where less people buy and sell and that's opportunities of lower volume now you want to be aware of this cuz but depending on the strategy that you're using or how you're trading you have to know that if you don't have volume at a time where you're considering entering or throughout a trade um it can really throw off your trading overall because we have to know we're entering at times where there are high volume this indicator helps us to actually do that by showing us in detail the volume on each candlestick and how much of it is positive volume and how much of it is selling volume so if we look right here let me actually turn off these other indicators so it's not too much if we look right here we can see the size of this candlestick is obviously a lot bigger than the size of this candlestick if we look on our volume chart here it's these volume bars are lined corresponding with the candlesticks that are right on top of it so this candlestick right here we have low volume you see price not price but we have uh volume where it's continuously at this uh level right here um and then we have this huge volume bar or the huge candlestick bar sorry and then we look at the volume bar it's much bigger than this volume bar this is showing us the underlying amount of volume and obviously we can see it on our charts here as I told you guys indicators are just showing you the same thing that you can technically see on a chart but it's breaking it down into more digestible um into something that's more digestible to be able to view and see and understand so obviously we have the huge green bar and the volume is really really high on it but then you see this next candlestick where we have a big wick at the top you see we have a huge wick at the top but the body is very little but as you see the volume bar is still very high this volume bar is a lot higher than this one even though the body of this candlestick is bigger than the body of this candlestick this whole candlestick still has much more volume than this smaller candlestick right here and like I said that's important to know because the more volume that's in a candlestick or throughout a duration of time that's the faster that price is going to move the faster that these candlesticks are going to either go up or go down so you need to be aware of the volume and this helps you see the volume visually not having to rely on just looking at the candlestick because if we just look at the candlestick we can get very very kind of confused because this candlestick right here you see the volume bar is right up here and looking at this candlestick this candlestick is not much bigger than this candlestick right these are basically the same size candlesticks but if we look at the volume bar this volume bar is low this volume bar is this volume bar right here this one is higher than this one this just um just shows you that sometimes there's underlying volume that we can't see specifically on the candlestick so that's why it's important to also be aware of volume there are multiple different ways that we can see volume there's things uh that get super super complicated i don't get too much into those things a volume indicator is enough for me and looking at the size of the candlesticks and how it's actually moving because when you're actually looking at the markets this is the live markets right now we can see that this candlestick is live we have a countdown right here you'll probably be able to see it moving um right now it's a little bit later on inside the day so the volume is not as high but looking at candlesticks you'll just be able to see how fast that they go up or how fast they go down and that's telling me when I'm looking at the candlestick that there's a lot of volume happening at that time without me even having to use this indicator but as I told you guys this indicator is very helpful not even just for beginners but for everyone because it's it it visualizes and shows you the um volume in each candlestick to be able to compare it to candlesticks before it and see if there's volume in the direction that you're trading in if there's volume going against you and things like that because as you see these volume bars change depending on who's in control what I mean by who's in control is on these red volume candlesticks u or red volume bars sorry it could be a mixture of people that are buying and a mixture of people that are selling and that's creating higher volume but we see ultimately this bar closed red so that's telling me that there was volume from buyers and volume from sellers but the sellers had more volume and the sellers ended up winning for lack of better terms on this candlestick itself as you see it did the same thing here on this candlestick the same thing here on this candlestick the same thing here on this candlestick you're able to see who's actually winning and that's very very beneficial when you get into your trading and the type of strategies that you use depending on like I said which strategy you are actually using so definitely use volume indicators and be able to understand volume and exactly what it means how it benefits you how it can go against you what you can do to um be on the side of volume because just like we want to be on the side of where the market's going and has been going and where everybody else is going the volume shows us who's winning and we want to stay on that side okay so now that we understand indicators we understand how to use Trading View Volume all that things we're going to start hopping into my top three strategies for beginners or even advanced traders these are the same strategies that I use every day to literally print money inside the market but before we do that we have to figure out well you have to figure out what type of trader you are now there's no better type of trader there's no worse type of trader it's all depending on your goals it's all depending on your uh risk tolerance as far as how risky of a person you are overall or and and also more so the amount of time you have to give to the markets so there's three different type of traders there's scalpers there's intraday traders and then there's swing traders let's hop into exactly what each and every one of them are so you can figure out for yourself what type of trader you are and uh just based off of your personality so scalpers is a trading style that specializes in profiting off of small price changes and making a fast profits they're usually in trades for a few seconds all the way to about 10 minutes max now scalping is really really it's it's it's really really fast-paced so what I mean by that is that you have to be able to catch these small quick moves using um whatever you want to trade you can literally trade anything if you want to trade NQ you want to trade ES you want to trade YM it doesn't matter um you're just trying to find perfect entries and hopping out very very fast like I said a lot of times scalpers are in trades for a few seconds maybe up to 10 minutes but most of the time scalpers are in there they're they're just in and out i'm not going to lie in the beginning I used to scalp right now I still do scalp sometimes we're actually going to go through one of my favorite scalping strategies in a second from now but um these are for people who are more so fast-paced and kind of just want to be in and out the market this is perfect for someone who doesn't have much time to dedicate to being on the charts um but then this is also for somebody that just wants to be able to be done with their trading day within 30 minutes throughout the day and they don't have to check back or worry about it for the rest of the day that's what scalping is now the next thing or the next type of trader is intraday trading that's what I am considered intraday trading is another word basically for day trading usually a intraday trader will hold their trades for anywhere between like 1 to 24 hours not usually going over a day or two now that's what us intraday traders plan on doing sometimes we can hop in a trade and we can actually get out of trades within 15 minutes 20 minutes sometimes I've gotten out of trades intraday trades where I planned on holding it for an hour two hours but the trade ended up going in my direction within 20 minutes and that just all goes back to the volume that was in the market at that time and I ended up making the money that I wanted to make within a shorter amount of time but we plan to be in trades roughly for about 30 minutes to like 4 hours each and every day it's technically considered an intraday trader if you um even if you hold it up to 24 hours but other than that after you it gets to that um then you become a swing trader which is the next thing that we're going to go over um swing trader is simply a trader that likes to hold their trades for a long period of time these traders tend to hold trades for days weeks or even months now going back to intraday trading it's really for people who kind of want a little bit more hands-off approach to trading but they also want to check the charts every day you'll learn as you start trading that trading is it can get very very fun and swing traders they don't really have this um they they most of the time will enter a trade and not check on it for days or months me as an intraday trader I enter my trade I walk away I'll check on it every 20 30 minutes and I'm just going about my day but I still like to be aware of what my trades are doing and I don't want to go to sleep with my trades um just this is just based off of my personal uh I guess personality i feel like I sleep better if all my trades are closed and I'm not holding or in profit a couple hundred or a couple thousand dollars depending on the trade obviously but in day trading is great for people who let's say work a job who uh go to school people who can't really sit on their charts they're just people who just want to be able to wait for their setup enter their trade and be able to walk away check back every couple minutes or so um swing trading is really for people who just want like completely hands-off they want to look at the charts get in a trade and that trade is going to hit in five days or a couple weeks or a couple months now I will swing trade stocks or crypto and basically I'm just buying it and I'm playing on holding it for a long period of time it's the same thing when it comes to swing traders they can plan on holding it for a couple days but if there's a lot of volume in the market they can actually end up getting in and out their trade within a couple of hours uh but it's just depending on the the volume of the market at that time when they're actually entering their trade but like I said swing traders are planning to hold their trade for a couple days a couple weeks or sometimes even a couple of months now like I said swing trading is really really good for more of a super passive approach when it comes to trading so you just want to be aware of that if you are that type of person that doesn't want to sit here and be on the charts every day or checking their trades every single day you kind of just want to set your trade let it play out um check on it every couple days or so see if it's going in your direction manage it that way it's for people who don't want to have to um stress too much while they're in trades because with scalping it can be a little bit more stressful because you are looking for such small price movements that the price can move in an opposite direction from you very very fast so you have to be able to react very fast so as a new trader when I was uh scalping as a new trader it was a little bit challenging to scalp because I'm still kind of new to trading but then I'm also trying to do the fastest version of trading which I feel like a lot of new traders gravitate towards i personally suggest and recommend for new traders to start as intraday traders once you get more confident in your trading then you can get into scalping and consider scalping um but you have to be aware and and understand how to use the different platforms how to be able to read the chart and see what the language of each candlestick is telling you each and every time at a very fast pace so if you're still kind of in the learning phase I'd suggest you stick to around the intraday part of trading versus trying to scalp um but like I said it's all depending on your personality if you want more hands-off approach swing trading is absolutely amazing is the most least stressful type of trading um with scalping being the most stressful type and the intraday kind of being in the middle but like I said it's completely up to you and your personality now let's hop into a couple different strategies my personal favorite strategies that I like to use each and every day i'm going to break them down for you guys so you guys can completely understand them and be able to start implementing them i've made my strategies and my trading over the past eight years very very copyable because I've been able to teach literally tens if not 20s of thousands of people how to trade and obviously I've gotten very good at simplifying it so we're going to go through my strategies the same strategies that you guys can start using and looking for today as you guys can probably tell I'm very excited for this part because this is the part where we actually start learning how to make money this is the part where you guys actually get to dive into the same things to look for that I look for that allow me to actually make money in the markets now this first strategy I'm going to go over it is absolutely amazing for anyone that wants to be an intraday trader or a swing trader i really wouldn't suggest scalping this because it's not really the type of strategy you'd look for to scalp um but I am going to be going over my favorite scalping strategy uh in a second now but I want to go over this strategy i call it my ultimate support and resistance strategy now we obviously went over what support or resistance is but I didn't really go into depth when I actually enter or what do I look for to actually enter a trade where do I put my stop-loss which is basically the max amount of money I'm risking on that trade or where do I put my takerit which is where I'm going to exit my trade at in profit um I didn't really go into any of that inside the support or resistance so I'm going to dive into my full um ultimate support and resistance strategy right now but let me just plot it out for you guys so you guys can see it so let's imagine that price came down here then we had a huge rejection away from from it as I've told you guys multiple times that's what I consider a uh support zone so let's say this is my support zone keep in mind I'm doing all this on the hourly time frame i do this strategy i draw my zones as in my support and my resistance zones on the hourly time frame or the 4hour time frame as I explained to you guys so imagine this is price it's going down it made this zone right here this is my support zone now I'm waiting for price to actually come back down to this area so let's say price then comes back down to my area what am I doing to actually enter this trade i don't just enter the trade as soon as it taps my support zone or my resistance zone i need confirmation that we're going to reject off of here i told you that there are multiple different candlestick that candlestick variations and patterns that we can look for but I like seeing something more something that just gives me even more confidence that we're actually going to reject off of whatever area we're at so let's say price comes down into here what I'm looking for is obviously price doesn't just go straight down into it it'll it'll start going um higher and lower high making high or sorry lower lows lower highs lower lows lower highs what I'm looking for is price to come tap into my support or my resistance zone and break a previous high point if we're looking for buys off support zone or low point if we're looking for sells off of a resistance zone in this example we're looking for buys off this support zone so I'm waiting for it to tap into my support zone and break above go above that recent high point so I'll show you guys right now so once it comes over here once it taps into my support zone we're going to go live on the charts and I'm going to show you guys this but once it taps into my support zone here I'm going to the one minute time frame because that's the time frame that I enter on and that's where I want to see it break above a recent high point if I'm looking for buys so what I mean by that is we made our support zone here we came up we sold down we made a high we have a couple high points so we have this high point right here we have this high point right here price tapped into my zone here and made this high point right here what I would then be looking for to enter this trade for a buy is for price to break above the recent high point this is the recent high point right here so as soon as it breaks above I see price start going above it i'm going to enter into my trade and what I do remember this is our long and short position this just helps us plan out our trades what I do is I'll put my stop-loss meaning the max amount of money I'm willing to lose on this trade i put my stop loss below the lowest point that it went right before I entered into my trade so I entered into my trade here the lowest point I went is right here i put my stop loss right below that that way if price let's say I get into the trade and then it reverses all the way back down i'm this would take me out the trade and I would lose this trade but I'm fine with that because if I lose this trade it's probably going to keep going down and I'm glad I saved myself money and got out right here versus getting out down here so that's how I enter the trade that's how I put my stop loss now how do I know when to exit and profit so it's the same thing when it comes to my stop loss i'm looking at recent high points if I'm looking for buys and recent um I'm looking for high recent high points as my targets so what I'll do a lot of times is I'll either target the first recent high which in this instance would be right here or the second recent high which would be right here or even the third recent high it just depends on how much volume is in the market at that time if I'm seeing that price is moving fast towards my takerit targets but that's how I do it i enter into my trade stop loss is below the recent swing low and I'm my take profit as in where I'm actually going to take myself out the trade and profit at and close my trade out in profit is at recent swing highs now I can illustrate this example for you guys when it comes to a um position where I'm selling so let's say we had price come into my zone here it made my support zone so now I'm waiting sorry it made my resistance zone so now I'm waiting for price to come back up to it we have price coming into it now we made a recent low point right here so now I'd be waiting for price to break below this recent low point after tapping into my my resistance zone here I would have entered into my position stop-loss above the swing high the most recent swing high which is right up here stop loss above that and I can target anywhere any one of these recent swing lows this is a short position so I could target here i could target here i could target here and which one I target depends on how much volume is in the market like I said before that's basically what the strategy is and let me show you guys it on the actual charts so you guys can see it in real time so this right here we have a resistance zone we see price sold down very heavily here so we draw our box same way I showed you guys from the top of the wick to the highest body which is right here we drag it across and all we're doing is waiting for price to come back up to our resistance zone we're not doing anything we're waiting for price to come back up wait for price to come back up you see it came back up right here but we're not entering in just yet we drew this on the hourly time frame so now that we saw it tapped into our zone we go to the one minute time frame let me go back to where it's at on my chart over here this is the first time it tapped into here as you see there was multiple opportunities for me to actually enter into this trade but let's go with this first opportunity the first time it tapped into my trade here let me draw this out for you guys so we see we were going up we made a high then a low a higher high a higher low a higher high a higher low a higher high then this is our low right here that we would wait for a break below so because we have this price tapped into our resistance zone it broke below our recent swing low enter into the trade right here stop loss above that recent swing high point right here and we could target any of these recent swing lows so like I said we could target this one we could target this one we could target this one we could target this one if we wanted to it just depends on how much volume is there so in this instance let's say we targeted right here if we look on our long or sorry our short position tool this breaks down exactly what the trade looks like or uh the numbers behind it so this 13 up here is the amount of ticks we've went over what ticks mean already inside of this video um but the middle number is the amount of ticks the middle number on the top is the amount of ticks the minimum on the bottom is the amount of ticks so on this trade I'm risking 13 ticks to make 20 ticks and this risk/reward ratio is very very important this shows us how much we're risking um compared to how much we're actually going to make so to put this into simple numbers let's say my stop loss is 10 ticks and I'm looking to make 30 ticks as you see my risk ratio is a 3:1 that means I'm risking one or 10 to make 30 so in this instance if I was risking $500 I'd be risking $500 to make $1,500 or if I was risking $1,000 I'd be risking $1,000 to make $3,000 so um that's basically how the ultimate support and resistance strategy works now I can show you guys more examples of this uh keep in mind this strategy works on any pair any futures port pair at all at all any uh stock any crypto and it does work on the break and retest so you guys remember we talked about in this support or resistance section that a lot of times when actually we'll use this example right here a lot of times when support is broken price comes back up to it and treats it as if it's resistance once it does that I'm treating this same point the same way I would treat a sell opportunity so I'd wait for price to come back into this area wait for a lower high sorry a lower low and then wait for a break of below that lower low to the downside and same thing vice versa with buys um I believe there's an example right here yeah so we have this on the hourly time frame where we have this resistance zone that was created price bought up as in price went up strongly away from it we waited for price to come back to it which price came back to it right here we go to our one minute time frame we see price tapped into our previous resistance zone or support zone that now turned into a resistance zone if we draw out our highs and our lows so we have a high point right here a low point right here a high point right here a low point right here a high point right here a low a high a low a high so the next low we'd have to wait for price to break below is this right here so we draw let's say our line right here we can enter our trade as soon as it breaks below that stop loss above the recent high point which is right here and we could target any of these low points now keep in mind with this strategy I would never take anything that's less than a 1:1 risk-to-reward ratio majority of the time I'm aiming for a 2:1 risk-to-reward ratio the reason why that's so important is because us as traders you do not have to have have a high win rate i want you guys to get that out of your mind we're going to go into this later on inside the video but you do not need a high win rate people think that you need to win all the time or even win more than you're losing you don't you just need to win more money than you're risking each trade on average so the reason I go for 2 to1's at least is because if I lose a trade let's say I lose two trades I just have to win one trade to make all of my money back if I have a 3 to1 riskreward ratio on average if I lose two trades I just need to win one trade and I'm actually I have more money than I had before I lost those two trades so the reason I brought that up is because I wouldn't target this first um level because if I have my TP here as you see this risk-to-reward ratio is a 0.44 i need it to be at least a one one so I'd probably target this recent swing low right here or if I was really if I was seeing a lot of volume in the market I could target this recent swing low right here and bring this down and as you see this brings it to about a 2:1 risk-to-reward ratio and this trade would have won um so that's basically how you do the strategy this can be done like I said on any pair we start on the hourly time frame we're looking for um strong moves away from areas to draw a support zone this can be also this can also be done with our key levels that we've drawn um but in this example we're using uh support or resistance let's say right here we had a strong move away from here we draw our support zone wait for price to tap back into it tap back into it right here this is for a buy opportunity so I can show you guys an example of the buy opportunity it was right here so tapped into it as you see price came slightly outside of it this is actually a good example to show you guys because none of these times did we create a new high so you see we have a high point right here we have another one up here we have another one up here we have another one right here this is the first time we created a new high but what I won't do is actually enter into a trade outside of my box so what I'll do is I'll wait for it to come back into my resistance or my support zone and wait for another high point to be broken so it came back into here and then we sold back down it didn't break any of these high points as you see but then we came back in here it made a high point if we look right here it came up back into my zone it made a high point sold off and then it came and broke above that high point so we would do the same thing we'd enter as soon as it breaks above that high point stop loss below the recent swing low which would be right here this is the recent swing low and then we would target any recent swing high now this is a diff peculiar situation because we didn't really have any swing highs price just completely tanked to the downside here um so the most recent one would kind of be up here so we would target all the way up here and as you see this trade would have actually won and this is a 5.3 to one risk-toreward ratio which is a great risk-toreward ratio to have but I wanted to show you guys a buy example of it and I'm glad we came and saw an example of it actually breaking out of your support your resistance zone that way I can show you guys that if it breaks out of that zone we wait for it to come back into that zone and then create that market structure that market structure as in making its highs and its lows and then breaking above that high or that low to the direction that we want to enter the trade in so that is my ultimate support and resistance strategy like I said this is absolutely amazing when it comes to um anybody that wants to be intraday traders or um swing traders what you can do and this is a tip for everybody if you created a Trading View account for yourself what I like to do so that I don't have to sit here and have my eyes glued to the screen waiting for price to come back into my support or my resistance zones let's say you have a resistance zone up here let's say it was created right now then price sold off of it now you're just waiting for it to come back up into it you can actually right click on um the screen anywhere you want what I like to do is right click let's say right below my resistance zone or right above if I had a support zone right here you can right click and press um there will be a um button here to press add alert uh I think it's cuz I'm not signed into my account here but it'll say a button here called add alert you'll press add alert and it'll actually put an alert right here where a notification will go off on your computer or on your phone and that'll notify you to be like "Okay we're getting close to your resistance zone." You should probably go and look at your phone or your computer and um see if you're going to enter into that trade see if it gives you that that swing low and wait for that break of that swing low and enter into it so that's a little tip for everybody that um doesn't want to just sit here and look at the charts i don't sit here and look at the charts i set alerts i utilize alerts i have a million alerts waiting in my phone a 100 times a day just waiting to tell me that it's almost time to enter into a trade and that's how I trade more of a passive approach that's my ultimate support and resistance strategy which is honestly the strategy that made me the most money back in 2024 um it's the one I use majority of the time but let's hop into another extremely powerful strategy for you guys all right so this next strategy is absolutely amazing for my breakout traders this is the strategy that I like to call the that I like to call the squeeze strategy so if you're someone who likes to be kind of in and out of trades or um trade based off of high volume this strategy is absolutely perfect for you again this strategy will work with any pair that you're going to trade you can use it on NQM NG you can use it on forex pairs crypto stocks you can literally use it on anything and you can mark this trade up on hyenashi candlesticks but I'm going to show you guys it on regular candlesticks because as I explained to you guys you guys should learn how to use regular candlesticks before trying to venture off into hyenashi candlesticks so just keep that in mind this strategy like I said is called the squeeze strategy and the reason it's called the squeeze strategy is because we're looking for price to squeeze out of a uh kind of area so what I mean by that is a lot of times price will actually go up and then start going down up down up down up down and making a little bit of this kind of squeeze what I mean by that is that if we draw trend lines you guys remember we talked about trend lines if we draw trend lines it's respecting the top of it multiple times and it's also respecting the bottom of it multiple times now if we look at this green line it's as if we're drawing a triangle and squeezing price as price is getting closer inside of this triangle it's squeezing and going making less volatile movement so of course when we first started off it was going down up a lot down up a lot and as it's getting closer inside of this squeeze it's moving slower smaller movements smaller movements until one point it breaks very strong to the upside or to the downside and that's what I call the squeeze we're waiting for that squeeze to happen but in order for that squeeze to happen we have to be patient enough to wait for our setup to occur now what does that look like i'm going to show you guys it obviously on the real charts but I want to just show you it plainly on this uh screen right here so as we see here we created highs right here sorry we created high right here a lower high while creating a low right here and a higher low you know we've talked about creating higher highs and higher lows right and lower lows and lower highs but this is an instance where we're looking for higher lows and lower highs at the same exact time which is forming this squeeze pattern where we're seeing price build and respect these trend lines obviously I didn't draw this perfectly so it's not going to um all the points aren't going to connect but uh we're waiting for price to touch all of these touch the trend line and then we're waiting for price to squeeze out of here and break out of here um with a lot of volume now think about this as a rubber band right the further price gets in this squeeze the further it's going to break out so what I like to see for my squeeze setups is at least two rejections on the top trend line and the bottom trend line this is done on the hourly time frame so two rejections looks like this is the first one in this instance this one didn't touch or this one didn't touch but this would theoretically be the the second one the third one the fourth one this would be the first one on the bottom the second one the third one and possibly the fourth one right here unless it dumps down so I want to see at least two rejections on the top and two rejections on the bottom trend line for me to feel comfortable looking for a breakout of this squeeze now once we have at least two rejections on the upper trend line and two rejections on the lower trend line I'm not just entering as soon as price breaks above the trend line i am waiting for it to break a recent swing high or a recent swing low same way we did it with the support of resistance so in this instance if I see price is coming up here I'm not entering when price breaks out of this trend line i'm entering when it breaks above here so once it breaks above this recent swing high I enter my trade most of the time I'm putting my stop loss below recent swing lows or recent swing highs if we enter for sells same way we did with the ultimate support and resistance strategy and I'm targeting recent swing highs recent swing highs recent swing highs or if we're selling down recent swing lows recent swing lows um and I'll show you guys like I said a real example of this on the charts but that's basically what I'm looking at keep in mind we're going to enter this on either the one minute time frame or the fiveinut time frame and that's where we're going to get our swing lows or swing highs cuz remember we're going down to the fiveminut time frame and waiting for breaks of that recent swing low or that recent swing high and then we are going to enter into the trade so that's simply how it works now as I mentioned before when we talked about trend lines when we went over the basic technical analysis trend lines don't always stop directly or price doesn't always stop directly at the trend lines it's never going to be well not never it's very rarely going to be this clean where we have it stop directly at the trend line sometimes it'll wick outside the trend line a little bit and then come back up sometimes it'll stop just shy of the trend line like this and go back up that's all fine because as we know price isn't exact price doesn't go exactly to the points that we have plotted so we want that general area um so don't be nervous if you see it wick a little bit outside of it the only time you should this kind of gets invalidated is if it wicks out of it and goes below a recent swing low so in this instance this was the recent swing low and price wicked outside of it as in just the wick came outside of it price just wicked outside of it and I'll show you guys examples of that and it broke a recent swing low so this is not valid anymore cuz it broke outside of our squeeze so um let me show you guys real examples of this on the chart i have one right here so if we look at this we're getting exactly what I wanted to see we're getting one rejection here we had two rejections here because you see we came down then we came back up to this trend line came down again we came up this time it didn't go all the way up to the trend line so I don't count that as another rejection right now we just have two rejections we then have three rejections right here cuz we sold down again right here our fourth rejection is right here we sold down and then we broke out above it right here we're going to go down to the fiveminut time frame to see what this entry would have looked like but you see we have our four rejections right here already on the lower trend line we actually have one rejection right here and two rejections right here these two times didn't actually come to touch our trend line but that's fine like I said I want at least two rejections the more rejections the better because as I explained to you guys the more times it goes up and down inside of our squeeze the further the breakout's going to be no matter what direction it goes in you can do this with buying or selling but let's go into this the five minute time frame and let's see exactly what this looked like as far as an entry so press five minute time frame right here you'll notice that we had a um a swing high was respected right here on the five minute time frame so we tapped the trend line right here and then you see we had this big red candlestick and it sold down this created a new swing high for us so once it's sold down right here this is um assuming we enter on the fivem minute i can go to the one minute as well in a second and show you guys what I would do there as well but it's basically going to be the same exact thing um but on the fiveminut time frame here we had it respect our trend line touched our trend line as you see it wicked outside of it we wouldn't have entered this because it just wicked outside of our trend line before this high um higher tapped onto our trend line this was the most recent high that tapped into our trend line we're not looking for the most recent swing high we're looking for the most recent swing high that tapped our trend line this did not tap our trend line so this is not our most recent swing high we're looking for the most recent swing high again that chap tapped on our trend line so this would have been it so if we waited for this to happen we would have entered above here stop loss below the recent swing low and target a high but because when we came down to the five-minut time frame you saw price respected it here on this fivem minute time frame and sold down off of it we can actually just wait for price to break above this new recent swing high enter into the trade stop loss below the recent swing low this is the recent swing low so we put our stop loss below here and we could target this swing high right here we could target this swing high up here we could target more swing highs up here we could target any of these areas depending on what risk-to-reward ratio we want to have and how long we want to hold the trade and also how much volume's in the market um and things like that so if we held to this swing high up here we would have had a 2.9 basically a 3:1 risk-to-reward ratio which is uh really good so that's exactly how I would have entered it on the five minute time frame now if I I can actually keep these on if I went to the one minute time frame and I wanted to see the same exact thing we basically see it right here just a little bit more noise for the most part so we had this is that same point that we wanted to swing high above we got that rejection down we would have just entered on the break of this swing high right here entered on it we could have put our stop loss this is the recent swing high that we took on the 5minut time frame but you see we had a little bit of a sorry the recent swing low that we took on the five-minut time frame but you see that we had this little swing low right here on the one minute time frame if we wanted to um not risk as much money we could but realistically in my personal opinion if I was trading this strategy I would use this one right here just giving my trade a little bit of breathing room for the most part I would have put my stop loss right below here take profit right above here and targeted any of those areas that I was trying to target so it's the same thing that we're seeing here except that was on the uh one minute time frame versus looking on the five minute time frame now you can use this strategy on the 15-minut time frame as far as look um looking for your uh squeeze setups on the 15-minut time frame it's just that your win percentage which basically means how many um wins or what's your winning percentage the amount of trades that you take how many of them actually win your win percentage would drop if you use the 15-minute time frame you will get more trade opportunities but your win percentage will drop and um to me it's not really worth the risk for the most part i'd rather just do it on the hourly time frame this is a good example of a squeeze strategy right here you see we have multiple rejections on the up uh on the upper side right here on the five 15-minut time frame sorry and then on our lower trend line we have multiple rejections right here we have one rejection on top two three four five and on the bottom we have one two three it kind of just consolidated or um just went up and down up and down up and down on our trend line right here so this would be our third one and then all we would wait for at this point is for price to break above this swing high or break below this swing low because this is our most recent swing low as you see it broke below it we could have entered for a sell right here stop loss above the recent swing high which is right here and targeted any of the recent swing lows so we could have targeted right here which I probably wouldn't have targeted because the riskreward ratio is a 0.51 so I'd probably target somewhere over here where we have some recent swing lows right here or a recent swing low right here if you guys can see it right here so I probably would have targeted there and that would have given me a much better risk-to-reward ratio if I went for the first spot it would be a 1.7 to1 risk-to-reward ratio if I went for the second one it would be a 2.8 to1 risk-to-reward ratio um and obviously as you see it continued to sell down but this is all in hindsight i wouldn't have known that it would have continued to sell down so I probably just would have closed my position here and been perfectly happy with a 2:1 riskto-reward ratio now like I said this strategy is great for really any pair to trade on or um any futures contract or forex pair or stock or crypto that you want to trade this on it's great for people who want to trade intraday uh like I said it's not too good for scalpers i wouldn't really try and um scalp this because it does need time to run to all these takerit levels or whatever take-profit levels you have uh so this is great for swing traders or scalpers that don't mind holding these trades a little bit longer like this trade would have won completely in a matter of 6 hours and 45 minutes um the first trade we took let me find it the first trade we took would have won within a matter of 1 hour so it really just depends on obviously how much volume is inside the market and how big your trade is now the next strategy that we're about to go over is a perfect sculping strategy it's very very simple but you have to use hyenashi candlesticks now this strategy is still really really great for beginners even though it does require you to use hyenashi because I've systemized it so well where it's really just basically a checklist that if you follow this checklist you'll be fine you really don't have to understand hyenashi candlesticks much at all you just have to look for this specific pattern that I'm about to show you guys and enter on a specific candlestick you hold it for a specific amount of time and that's it it's it's very simple was very easy to replicate and that's why a lot of people I've been able to teach regardless of they're complete beginners or they're super super advanced have been able to use this strategy and start making hundreds if not thousands of dollars every single day with it now I'm going over my top three strategies but I have multiple strategies that are proven to be profitable i'll leave a link for it inside the description down below so you guys can get my entire package of profitable strategies i'm talking about the things that if you follow it systematically exactly how I show it inside of the package that you would be able to get you can start benefiting from it instantly i have people who just started trading a week ago now implementing the strategies that I'm teaching inside of the strategies course that I have and they're able to consistently make hundreds like if not thousands of dollars every single week as complete beginners and obviously people who are more advanced traders are taking these strategies and are able to start making 20 30 if not $40,000 trading each and every month so um obviously I have many more strategies like I said I'll leave that link for it inside the description down below of this video so you guys can get that for yourself but the main thing that I want you guys to understand with this strategy is that it's super super replicable i believe replicable is the word replicable is the word it's super repeatable I should say and all we're looking for is those pullbacks so you know that we we've talked about and I've said this probably like a hundred times during this video that the markets never just go straight up the markets go up down a little bit up down a little bit it'll go down up a little bit down up a little bit we are capitalizing when we see markets are going up and it's pulling back a little bit we're capitalizing when it pull back pulls back to capitalize and make money on the price going back up because we obviously see the market's going up and we know we're just going down for a little bit of time before we're continuing to the upside same thing on a downtrend where we know price is going down and we had a small pullback up we're capitalizing on that small pull up pullback up and we're making money when we go to the downside so that's pretty much it now how do we actually see that like I said this strategy is very very very simple and what you do the first step is go to the one minute time frame we're going to stay on this one minute time frame we're not switching from this one minute time frame we're not doing this on a 5m minute the 15 the hour any of that we're going to the one minute time frame we're coming to this dropped down over here to turn on our hyonashi candlesticks so you'll click it to make sure you're on hyenashi candlesticks and we're looking for pullbacks uh one more thing sorry I forgot i don't even know how I forgot this we have to have this indicator we talked about this indicator already the VWOP the VWAP shows us where the market's going remember I say we want to be on the right side of the market so the VWAP is telling us if the market's going down or if the market's going up overall so the reason why the VWAP is so important is because and that's this blue line right here i'm going make this um let's make it black um the reason why this this the VWAP is so important is because we need to know which direction the market is going in because we're only going to take buys when mark the market is above the VWOP and we're only going to take sells when the market is below the VWOP so if I see a pattern that's telling me I should sell but we're above the VWOP I'm not taking it because we know that ultimately we're in a uptrend we're going up uh same thing vice versa with sells i'm not going to take any buy opportunities if we're below the VWAP i'm only looking for sell opportunities because the market is going down now we also need to see market structure above the the VWOP or below the VWOP before we make any decision and what I mean by that is let's say we're trading below the VWAP and we break above the VWOP and we get that pullback i would not take this first pullback up this first pullback up is creating market structure above the VWOP it's creating a new high above the VWOP which is telling me that we're probably going to stay above the VWOP because what can happen sometimes is let's say we're below the VWOP and we go above it we can pull back all the way below the VWOP and that would make us lose on our trade so we want to see that market structure letting us know that price is most likely going to stay above the VWOP and then vice versa with sells we want to see it come below the VWOP make market structure go down and then have that pull back and we'd enter on that second pullback below or above the VWOP so that is very very very important we need to see market structure above the VWOP for buys and market structure below the VWAP for sells so what are we looking for we're looking on highashi candlesticks we want to see at least two clean pullbacks so right here we're obviously in a downtrend we created market structure multiple market structures as you see below the VWAP even though we broke above the VWOP here we still did not stay above the VWAP so we're still below the VWAP we created multiple market structures below the VWOP we're on our one minute time frame we're on highashi candlesticks now we're waiting for that pullback so remember we're we went up a little bit down a lot up a little bit now we're waiting for it to go down a lot and we're entering on that period when it's about to go down a lot so we need this pullback and what signifies a clean pullback for me is at least two hyonashi candlesticks these are all hyenashi candlesticks at least two clean hyenashi candlesticks that have no wicks on the bottom they are going to have wicks on the top but they have they can have no wicks on the bottom now this is vice versa if we're looking for sells cuz we look for candlesticks if we're above the VWAP we want to pull back uh because we're going up so we want to pull back a bearish hyenashi candlesticks which will look like this we want two clean at least two clean bearish hyanashi candlesticks which have no wicks on the top that's we're looking for buys but since we're looking for sells we want a pullback that has at least two clean which is no wick on the bottom hyanashi candlesticks as you see here we have one we have two we have three we have four we have five we have six and we have seven they do not have to be consecutive two in a row i'd rather them to be consecutive like we have here two clean candlesticks I'd rather see that but if it's not consecutive as long as that pullback has at least two clean candlesticks I will take the trade so once we have at least two clean candlesticks our RS are open ours are open because we're looking for our entry candlestick we're looking to see that price is going to reverse and how do we know that price is going to reverse we went over this earlier inside this video we look for sign of hesitation or a reverse candlestick and what that candlestick looks like is a dogee right here on the highashi candlesticks we have our long wicks on the top long wick on the bottom and small body this is the entry candlestick so as soon as we have our clean pullback and then we get a dogey candlestick we enter into the trade now we cannot enter into a regular dogey candlestick we need a high volume dogee candlestick now what that looks like you can put on your volume indicator like we talked about before or you can just look at the candlestick if the size of the candlestick is bigger or equal to the candlesticks before it I'd like to say the last two or three candlesticks before it then that is high volume in comparison to the candlesticks before that's what we look for so this dogey candlestick is bigger than the candlestick before it it's bigger than the candlestick before that one before that one before that one and it's about the same size of the candlestick before that one but as long as the dogee candlestick that we see is bigger than the last two or three candlesticks as far as the size of it that is considered high volume and we would enter on that dogee candlestick now one thing to keep in mind if it's a small dogee candlestick we do not enter i don't care if everything else lines up perfectly we're below the VWAP we're above the VWAP we have the clean candlestick pullbacks but then we get a small dogey candlestick we ignore it we're not trading that that is not the strategy you will most likely lose this strategy has a very very very very high win rate it's because you have to follow the exact steps that I give you so um like I said we're going to enter on that high volume dogey candlestick right here our entry would be right here as soon as this candlestick closes so as soon as this one minute timer is up as soon as that one minute candlestick closes we enter into the trade we always put our stop loss above the dogee candlestick that we entered into just like this one above if we're looking for sells and obviously if we're looking for buys we put it below and we're always going for a one:1 risk-to-reward ratio as you see we're not at a 1:1 risk-to-reward ratio so we're not targeting recent lows we're not doing any of that we're always going for a one:1 risk-to-reward ratio with this strategy as you see this trade would have won and this is a scalping trade this trade ended in 3 minutes and we could have made a good amount of money with that we had other opportunities here so you see we didn't enter on this pullback because we did not get our two clean candlesticks to the upside same thing here we did not get our dogee candlestick this is not a dogee we had our two clean candlesticks in this example we have three but we did not get a dogee as our next candlestick if we get a candlestick that looks like this and then we get a dogee I'm still not taking it i need it to go from being clean candlesticks into a high volume dogee i don't want to see a little dogee and then a high volume dogee and I'll enter on the high volume i want to see the clean pullback and then our high volume dogee just like this one um same thing with this example right here we had our pullback clean candlesticks to the upside we got a small dogee right here some people if they did not follow the strategy possibly could have entered on this small dogee right here and instantly ended up losing that trade but we know to wait for a high volume dogee we had price come up here give us our two clean candlestick pullback minimum and then we had our high volume dogee would have entered right here stops right above here price got close to taking us out the trade but it reversed we would have went for our 1:1 um risk-toreward ratio and that trade would have won you can find a lot of these examples or a lot of these opportunities every single day while you're trading as I mentioned before this strategy can be traded on any pair similar to every single strategy we went over so far this could be traded on any pair i just suggest for you to use it on high volume pairs now some examples of high volume pairs are going to be NQ ES YM gold which is GC that's the futures version of gold um you can also trade it on forex if you like GBP JPY um GBPUSD uh USD JPY just high volume pairs because this is a scalping strategy you don't want to have to hold this for 20 30 minutes because there's no volume in the market or it's something that moves slow ng which is a futures pair that we've went over before natural gas it's a very slowmoving um instrument i don't use this strategy on NG i have a couple students that use this strategy on NG i personally just don't do it because it just moves too slow for me like this trade we were in and out this trade in 5 minutes um this other trade that we took in and out of it in 1 minute um with NG sometimes you'll be in it longer like 7 8 9 minutes i personally just don't really want to do that um specifically because I am scalping so um yeah we have another example right here we had our clean pullback to the upside we had this dogey candlestick now this dogey candlestick was high volume it's bigger than the candlestick before it it's bigger than the candlestick before that one it's smaller than the candlestick before that one but it's bigger than the the most recent two which is perfectly fine for me enter into the trade stop loss right above that dogee going for a 1:1 risk forward ratio and the trade hit now you see we have another example right here beautiful clean pullback to the upside keep in mind if I see this candlestick this is good that this actually showed up if I see this candlestick if you see it has a super super small wick on the bottom if I see this candlestick right before we have our high volume dogee I'll still take the trade as long as this doesn't as long as the wick on the bottom isn't bigger something like this and it's looking a little bit more like a dogee I I will still take it so as long as it's like a small wick on the bottom or something like that I'll take it but we wouldn't have taken this trade right here we had our clean pullback we're below the VWOP obviously but we wouldn't have taken this because this Dogee candlestick is not high volume this Dogee candlestick is smaller than all the candlesticks before it except for this third one which it's basically the same size of so I would not have taken this one and um I just not would not have taken it because it's not a high volume Dogey it's very important even though this one it's still very important to wait for everything to align perfectly because even though this one won one there's it's going to drastically bring down your win rate if you go for these low volume risk-to-reward ratio trades now this is all bearish examples here we can find some bullish examples where we're looking for buy opportunities um let me see if I can find some really quickly all right so we're above the moving average right here obviously we've created market structure above it now we would just look for two clean pullbacks to the downside before getting our high volume dogey candlestick to the upside here is a perfect example of one right here so we had um price come up then we had our two clean candlesticks to the downside cuz remember we're looking for buys now so we had our two clean candlesticks to the downside then we had our high volume dogee right here as you see this dogee is bigger than the candlesticks before it which is good sign would have entered on that stop loss right below that dogey candlestick going for a oneto one risk-to-reward ratio and this trade would have won um there's a bunch more examples this strategy setup happens so many times throughout the day this is one of the strategies that is absolutely amazing for new traders a lot of new traders love it because it's so systematic you don't even have to really understand candlesticks as long as you have eyes and you can look for the clean pullbacks you can know that you're above the moving average or below the moving average as long as you can use your eyes to see that this dogey candlestick is bigger than the other candlesticks before it it's very systematic it's very easy to use and it is it is extremely profitable this is one of my favorite strategies to use if I do want to scalp it's literally the only strategy that I use if I do want to scalp and it's an absolute killer so for the most part that was my top three strategies like I said I have a whole catalog of tested and proven profitable strategies that depending on your personality might fit you more than the strategies that I went over um or treat fit your trading style more if you guys want access to those strategies I'll leave a link for it inside the description down below but with this these three strategies it is a great starting point to be able to start literally printing money from the markets now these strategies are great but you have to understand how to use them and as new traders it's important that you test them now the best way to test any strategy or get used to trading is with back testing we're going to talk about what back testing is how to actually do it i'm going to show you guys how to do it the most efficient way so first of all what is back testing back testing allows us as traders to basically test our strategies get good at drawing support or resistance without having to wait each and every day to do it get good at entering trades get good at looking for those dois looking for those um trend line breaks looking for all these things without actually having to wait in the markets to do it because realistically as a day trader you're with whatever strategy you're using let's say with the ultimate support or resistance strategy maybe you'll get three stra three setups a day that means you get three practice attempts a day it's going to take a while for you to get comfortable with the markets if you're just looking at three setups every single day versus if there's a way to look at a hundred setups in one day that's how you're able to beat that learning curve and get much more comfortable inside the markets as traders now how do we actually do that so on Trading View here there's this replay feature i told you guys when I'd be going over it there's this replay feature you I believe is for the paid version of trading trading view but there is another website that you can go to which you do have to pay for it's called fxreplay right here fxreplay.com it's a good website for back testing as well it basically does the same exact thing I'm not uh sponsored by them or anything like that just putting this out there um but it does the same thing as this replay feature but what this replay feature does on Trading View when you press it allows you to go back in time so let's say I press right here it deletes everything that was before then that way I can't see it because yeah you can scroll back and be like "Yeah this is an easy support zone right or easy resistance zone i would have just sold right here as soon as I saw this candlestick and it would have just dropped all the way down and I would have made $100 million." But this goes back to the saying that I said uh a little while ago that hindsight is always 2020 it's very easy to to know what the market's going to do when you can see what the market's going to do versus if you use this replay feature and you're back here then you're really testing to see okay I'm actually going to try and see what's going to happen when it taps into my zone here would I really have sold here would I really have done anything at this area and things like that so how do we actually do this and use this replay feature let me run through that really quickly and then I'll show you guys how I back test it and uh you can do this on any pair any strategy um but you'll hit this replay feature you'll see this blue line will be your corser now it's like a snippet tool you'll press anywhere on the chart and what I like to do honestly I like to close my eyes or scroll up where I can't see any of the candlesticks and just go back to a random spot so I'm I'm clicking on my wheel i'm clicking on my mouse and dragging so it's dragging the screen over so it's something I can't see then I'm just going to click somewhere random right once I click that place random what I'll do I'll hover over here and press this reset chart view or I'll right click and press reset chart view and that'll bring me to where the candlesticks are it or show me where the candlesticks are now here what I do is I go to my indicators and I'll throw on that kill zones because I only want to back test during the time frame that I'm actually going to trade and you guys remember the indicator that we went over the kill zones indicator tells us exactly what time we're at what session we're in so let's make my kill zone uh red here let me just edit these settings because it's um a little bit off actually let me make my let me go to my usual template that I use uh this one boom all right so this is usually how my charts look i like my candlesticks you can edit all this if you right click on your trading view screen and go to settings under symbol you can change the color of your candlesticks to whatever you want them to be um for me I have my bullish candlesticks as in what would usually be my green candlesticks i have them as white and I have my bearish candlesticks red which is how they usually are uh that's just the color preference I like i like red and I like a black background so I had to make my my other candlesticks white but anyways um so let's let me let me scroll back here and plus this replay feature again if you do if it's already blued out and you don't have that blue cursor over if you look on the bottom of your screen right here and press select bar it'll bring it back up so then you could just drag and scroll anywhere i know for me using my kill zone indicator that this red line is when New York session starts and I know that I trade New York session so what I'll do is I'll go a little bit before that red line starts and I'll click i don't know what this there is on the chart right here it's just a bunch of candlesticks right now um and then at this point I'm going to start practicing drawing my support or my resistance zones so what do we do first we'll go to our 1 hour time frame this just gets you practice at marking up your charts so let's say this is a this is really not a good spot to be this is a previous support zone that we see price broke below we could wait for it to tap back into that we see we have a support zone right here we where we have two rejections off of right here and right here we see that we we don't really have a squeeze or anything going on this is really the main two zones that's in front of us and this is how I'm back testing i'm just going back in time and doing this so then I'll go down to maybe my 15minut time frame or my 5m minute time frame and just see what the candlesticks are looking like um back here on my hourly we have this little uh station under here same where we press select bar we we can actually press play right here and you'll see it'll move the ca it'll play the candlesticks automatically um go select bar and reverse back it's right here um it'll play the candlesticks automatically or what I like to do I'll press this little skip forward uh button and it'll just print one candlestick it'll just put one candlestick this moves a little bit too fast for me when I press play so I don't really do that um you can adjust it over here where it moves a little bit slower so I can actually make it go um 1x which if I press play it'll then do one candlestick a second um and things like that but I'd rather just press this uh the skip forward button and over here on the replay interval right now we're obviously on the 1 hour time frame so right now if I press this skip button it's going to re re it's going to load a one hour candlestick let me show you guys it's going to load a the next 1 hour candlestick but if I wanted to let's say load the next five minutes or go forward another five minutes instead of a whole hour I can press that and you'll see these candlesticks start changing so you see this one then I'll press it again this is the same hourly candlestick but we're just moving forward five minutes instead of by a whole hour so we're not seeing a whole new candlestick we're just seeing the movements on the candlestick as I click and click now if we go to the fi 15-minut time frame we can do the same thing we can change this so it goes up um 15 minutes 3 minutes 1 minute or we could just press same as chart that way whenever we switch it's like the 5 minute the 30 minute the 1 hour um every single time we press this skip button it'll skip forward whatever time frame we're on so let's say this is the um we're waiting for price let's go back to where we were on the hourly time frame let's go back here let's say I'm waiting for price to tap into my zone right here or my zone up here and I'm going to make an action based off of that we know we're going to enter on the one minute time frame and this is this is assuming I'm back testing my ultimate support and resistance strategy that we just went over we have our zones drawn out we have our supports we have our resistance so then we know we go down to the one minute time frame and we wait for entries so let's fast forward here a little bit see if we get price to tap into either one of our zones here let me just skip forward a bit i believe it's going to tap into this low point right here probably close to market open which is at 8:30 Central Standard Time all right so tapped into my zone here so I could be like okay according to this strategy I'm supposed to enter on a recent swing high on a break of a recent swing high or a recent swing low so these right now are our recent swing highs so this is the candlestick technically I would have gotten I would have entered into the trade right here so this is me practicing it i would practice drawing my uh support zone right under here i mean sorry my stop loss right under here and let's say I want to target a recent high there's a recent high up here there's a recent high right here let's say I target this one right here and let's see what happens we skip forward skip forward we can skip forward faster and this trade would have hit this is how we back test we didn't know that this was going to happen we didn't know that price was going to bounce off of here so we can't say we knew that was going to happen um this is how you correctly back test because you don't know what's going to happen beforehand now I can do this again and we'll scroll back again to a random time right before market open we'll go to the hourly time frame and I'll let me mark up my charts again so I see I see a resistance zone up here obviously I see we actually have a trend line down here multiple touches at this trend line actually if we were here a little bit earlier we could have seen this squeeze play out cuz you see we have one rejection here two rejections three rejections on the bottom trend line we have wrong rejection here two rejections here three rejections here at the top upper trend line and you know according to the strategy we would have waited for a break of this swing high which is up here but I don't trade this is at 2:00 in the morning i'm sleeping at 2:00 in the morning so I know I wouldn't trade that and that's why I use the kill zones because I don't want to back test my strategy during the London session when I know I don't trade so um now that we have all this on our chart now we'd wait for market open to happen so this is market open happening right here let's go down to our fivem minute time frame so we have this as our uh resistance zone right now now we can actually wait for price to tap back into this area to see if it does fast forward it tap back into this area now we can see if it can break any of our recent swing highs so right now we don't really have any recent swing highs let's see if it creates some nope it's just selling down below it so I just this is I just wouldn't have traded this because according to my strategy I I needed to break a recent swing high and right now it broke out of my zone which means it's not respecting my zone anymore which means I just have to wait for another setup to happen later on um let's see right now it's breaking to the bottom of this trend line let's say I was practicing to take a break out of the trend line i could have been like okay when it comes to break below this recent swing low which was right here and the back testing is going to work the same no matter what strategy you're back testing i'm just showing you guys examples of any strategy so let's say I'm waiting for it to break below here let's see if it comes down here all right it broke below it this would have entered me into the trade let's say I put my stop loss above the recent swing high recent swing high is right here i'm now in the trade because it broke below here and let's see if it goes to my stop loss or it goes further down and now it's just consolidating and this would have lost so what I'll do is I have to journal my trades i have to journal what time I took them we're going to actually dive in um in depth exactly what you want to journal but I want to get it out the way so you guys or get this part out the way so you guys understand how to actually do the action itself as far as using the replay as far as knowing you're coming into this trading at the time that you would actually trade um marking up your charts practicing drawing out your support and your resistance zones and things like that and then what happens is let's say you have a rule where every single day you only take one trade no matter if you win or lose you only have one trade that's perfectly fine because then you'll come over here to the hourly time frame and what you're going to do let's say after you took this trade here let's say we lost this trade right here i'm just going to skip forward i'm going to skip forward until I see my yellow line or until I see the candlestick that we're on is getting close to market open or sorry getting close to New York session which is the session I trade and then we restart so then we draw our support zone or sorry we draw our resistance zone right here we draw that we have a support zone right down here um we go forward let's see this is 7 o'clock candlestick so let's fast forward just a little bit all right now we're at 8:00 so now we have these two zones we'll watch and see go to the one minute time frame so we're making these higher highs in here never made a new high now we had price come back into our zone after breaking out of it we made a high right here let's say we're trading the ultimate support and resistance strategy or we're back testing it we would have entered right here we would have put our stop loss below here let's say we targeted here i personally probably wouldn't have taken this trade um just cuz this is close um to it breaking out of this zone at market open but that's fine let's say we did take this trade and price is going up up up down down up let's see if it hits the full take profit area this is taking a hundred years and it's reversing back down but um let's say that this was our takeprofit up here or let's say we targeted this recent swing high i don't even know why I targeted up here i should have targeted a recent swing high which was here that trade would have hit that trade would have won we would have um written that down and all the different things would hopp in exactly we're going to hop in i'm going to show you exactly what you guys need to um track every single time or write down every time but this is how I back test i start off with like I said closing my eyes clicking a random time i'm only trading during my session if I know I'm only going to take one or two trades a day after I take those one or two trades a day I'm just going to fast forward until I get to my um until I get to London session again or I start getting close to uh my red line which is my red line starts at 8:00 um but let's say when I get to 7:30 because I know that's usually the time when I wake up and start marking up my charts that's what I will do now if you want to back test highashis um Trading View actually doesn't let you do this it will block you like if you press it it says bar replay isn't available for this chart type do you want to exit bar replay um so it won't actually let you back test hyenashi candlesticks but there is a workaround for it because if you wanted to back test any of the strategies with hyenashi like let's say the um the scalping strategy that we just went over or any of the other strategies that's inside my strategies course that I told you guys about before um a lot of them use hyenashi candlesticks just cuz it they work so well with hyenashi candlesticks um but if you want to back test it training view really doesn't let you do it so you have to do the workaround and this is the workaround it's very very easy actually so on regular candlesticks here go to indicators and type in Hiken Ashi candle overlay just like this it's by this person named B Jorgum you'll press it right here and you'll see look at the candlesticks you'll see their change cuz it put it put an indicator that looks and acts just like hyenashi candlesticks it put that over your regular candlesticks now as you see this looks a little bit weird it's kind of messed up a little bit you'll see different colors so what we do to fix that we'll right click on our charts right here we'll go to settings we want to basically hide the regular candlesticks so that we only see the hyenashi candle overlay indicator that we just put on so how do we hide the regular candlesticks next to when we're on the symbol tab make sure the body the borders and the wick are unchecked and that'll hide them so then as you see now all we see is hyenashi candlesticks but the trading view we are on regular candlesticks so we can use the bar replay and we can back test with it so that's the workaround to be able to use hyenashi candlesticks um on trading view on FX replay you don't really need to do that that workaround they let you back test with hyenashi candlesticks but if you wanted to use trading view to back test that's simply how you do it you put on that indicator you don't have to change any of the settings in the indicator unless you want to change the color of the candles or anything like that then you could do that but you really don't have to um and then obviously just to turn back on your regular candlesticks you'll right click press settings under a symbol just turn back on your body your border and your wick and then um if you don't want this indicator on anymore you can either press the I thing so it's hidden or you can just press the trash can and delete it and read it back on um later if you want to now let's hop into the things to track when it comes to back testing because yeah doing all this is cool practicing drawing your support your resistance zones is all cool but you need to be able to track it trading is all about data we need to see the data we need to know what chances what's the likelihood of us winning this trade every single time we enter a trade what's the likelihood of us losing this trade when's the best time to trade this strategy um what's the best day to trade this strategy how long should I hold this strategy should I always hold it to a one:1 should I always hold it to a two to two so we need the data to be able to do that let's hop into the data that we track and how we actually track that so I made a nice spreadsheet here for you guys not spreadsheet what is it called powerpoint yeah I made a nice PowerPoint for you guys here um how to find test and optimize a profitable strategy obviously I've given you guys proven profitable strategies but if you're testing your own strategy or if you're using any of the other strategies that's inside my strategies course that I mentioned to you guys um this is how you would do it right so the first thing to finding a profitable strategy almost any strategy can be profitable with the right risk management so find your favorite type of strategy whether it comes to support and resistance supply and demand which we'll get into a little bit later on or breakouts etc look for patterns on the chart that you notice from back testing or using someone else's strategy if you found your own strategy from doing your back test and you've noticed patterns that seem to play out a lot um you can use that and start back testing it or somebody else's strategies if you found a strategy on YouTube if you found one of my strategies or wanted to use one of my strategies things like that and then once you do that you need to set clear rules for your strategy as far as what are your risk-to-reward ratio are you always going to go for 1:1 because you want to track all this are you always going to go for one to one what do you need to see to enter a trade what do you need to see to exit a trade etc things like that so once you have that downp packed how do you test the strategy the first step is to back test back test back test back test and keep back testing there's so many people that come to me and try and get inside my inner circle which is uh like my personal coaching program where I trade live with people every day they can follow my trades they have one-on-one access to me to ask me questions things like that a lot of people come to me in my inner circle that want to be profitable that want to make 10 20 50k a month with trading and I ask them how much time they put into back testing and they say "I don't back test." When I hear that I know the person's not serious and the reason why I know they're not serious is it's because picture this imagine a basketball player where the only time they play basketball is when they had a basketball game they never went to practice they never practiced shooting except when they were in a game they are going to suck compared to someone who plays basketball and practices basketball every single day regardless if they have a game or not it's the same when it comes to trading if you're not back testing if you're not putting the time into back testing you're only relying on getting those reps in when you're actually trading in the live markets you're not getting enough reps in you're getting like I mentioned before three four maybe five trades a day versus with back testing if you spend an hour back testing you can go through 20 30 even maybe 50 days worth of data you know how many trades that is you know how much confidence that builds in you how much practice you get into actually trading and drawing support or resistance practicing your entries seeing trend lines seeing breakouts seeing your strategy play out seeing your trade lose seeing your trades win you get so much more confidence in your trades simply by back testing and putting the time to back test so you have to back test and when you back test you need to keep track of the metrics how I like to keep track of them you can have this on a notepad you can create yourself a spreadsheet um there are apps that you can use to track your back testing data but in simplest terms you can write it on a on a piece of paper but you want to write what date you started back testing as far as if you when you closed your eyes and did that bar replay it was June 3rd 2024 right write the strategy that you're also going to be back testing that time so you're going to be writing okay from June 3rd whatever i'm writing I'm back testing the um ultimate support or resistance strategy you have that data that's your headline at the top of your paper or the top of your document or whatever and you want to track every trade you take the wins the losses the days where you have no setups as far as there was no trades that happened um because you just didn't see the opportunity you also want to track small key points for each trade so like this trade had the perfect setup everything aligned perfectly it did everything it It did exactly what I wanted to do as far as it touched my support zone it gave me my breakout of a swing high or swing low whatever it is um or writing things like it was low volume like the trade moved super super slow or on this day we had a lot of fundamental news come out you want to write all that because that's extremely important it's kind of like adding tags to your trades now the next thing you want to do is back test at least 50 days of trades on each strategy so if you're trading this this the ultimate support and resistance strategy back test at least 50 days worth of trades not 50 trades 50 days worth of trades because there'll be times when you are when you have a a trading day and three times your setup popped up um when I mean 50 days of trades I'm not talking about you sitting at your chart your computer for 50 days i'm talking about if you started on June 1st 2024 you'd end it on whatever 50 days of that is whatever that that date um is 50 days of that right um and then you want to calculate the results at the end of your session so calculate how many wins you lo had um calculate how many losses you had calculate how many trades you took total then you want to get use that data to get your win percentage so did you have a 60% win rate did you have a 3% win rate a 30% win rate whatever it is you want to also calculate and track your no trade days how many days were did your setup just not show up so you want to track that as well you also want to track your RR profit and basically all an RR profit is is your risk-to-reward profit so we went over on the chart showing you guys drawing out your long or your short positions and you saw that little thing that said risk-to-reward ratio um like for instance with the the scalping strategy that we went over you're always going for a one one but with the ultimate support and resistance strategy or the the squeeze strategy you could be going for a 2:1 3 to one 4:1 5:1 so you want to track not just your your um your wins and your losses but track your RR profit so and the reason why that's important is because a lot of times if you're using if you're risking the same amount of money on every single trade let's say out of the 50 days you took a 100 trades right and you know every single trade you're risking $100 on it right you took a 100 trades and you had a 50% win rate but every single trade was a 2 to1 reward ratio so every loss is a negative one RR because it's always going to be a negative one RR on a loss because that's how much you're risking and every win could be let's say you went for a 1:1 risk ratio that's a positive one or you went for a 2:1 risk- ratio that's a positive two so every win could be like a plus two plus three plus one plus two depending on the risk-to-reward ratio so then you would take that number you take how many losses you had and the amount of RR as far as your risk-toreward that you profited at the end of it and you want to see that number so in that instance where out of the 50 days you took 100 trades and let's say you always went for a 2 to1 risk-to-reward ratio so you had out of 50 out of 100 trades you won half of them so it's 50 times 2 because you had a two RR you always went for a 2 to1 risk-toreward ratio every single time you won so then you're at a 100 RR but then you have to subtract all your losses which is a one RR each loss and you had 50 losses so at the end of the day you'd have a 50 RR positive and the reason that number is important is because no matter what you risked let's say during that period starting June 1st all the way to May 20th or whatever it is um all the way up to that period if you risked $100 you know you would have profited a 50 RR which 100 times 50 is 5,000 hopefully I didn't lose you guys in that um a simpler way of tracking it as well if you don't want to track the RR profit is if you just say every single trade I risk $100 and every single trade I'm planning on making $200 something like that and you can just track that profit at the end of the day but you want to have that just so you can see for yourself what is the profitability of that strategy outside of just looking at the win rate itself um another thing you do want to track though is the amount of ticks that you won or lost on that trade so I mentioned to you guys showing you guys that long or that short position you can see that middle number is going to be the amount of ticks so if every single like on each trade right I think I go over it here no on each trade you're going to see the amount of ticks here right so if we come here and let's say this is the trade you risked 29 ticks to make 127 ticks this is an example obviously um if you lost this trade you'd write in your journal um let's say what day is this march 24th i took this trade at 100 p.m um and let's say I lost i put this all on one line sorry march 1st 1 p.m loss right and then I lost so I'd be negative on this example I lost 29 ticks negative 29 ticks right and then let's say I'm typing it out and I'm saying my key t my tag on it was low volume right that let's just say that was my tag for example this is a quick simple way of how I would actually um journal my trade now let's say I took another trade on this day so I say March 24th let's see i took this at 2 30 43 uh p.m i won let's say 253 ticks perfect setup this is what I write now keep in mind I wouldn't really write this on the chart itself i really have it on a notepad or like on my phone or something like that or some other application uh because I want to be able to compile that information and see it without it being on my chart itself but this is literally how I'd write it and once we do that um that's how we're that's how we're tracking it that's how we're op going to optimize our strategy but coming over to the next thing is to actually optimize it because that was testing it and that's getting the data to test it but remember I told you guys the data is important but we need to be able to optimize that data and having that data um that we just went over and tracking that data allows us to optimize it so once we have went through those 50 days we're going to look over back testing written results and determine patterns from the small key points you noted so if I noticed 50 out of my 100 losses I had a key point that noted it was low volume because it was late in the day that means I should probably not trade that strategy late in the day when there's no volume so I can cut out those losses by not trading those things and that's just small key points that you'll see and that's why we have we have we add those little key tags to um each and every one of the strategies or each and every one of the trades that we take next you're going to look over your back testing trades on the chart to see similarities between winners and losers what I mean by that is even if we didn't write a key point for a loser or a winner we can look back on the chart so let's say we go back to our chart here and see okay this trade we took right here we won it um but if we held it longer it would have keep kept going up well this instance didn't keep going up but let's just imagine that it kept going up right so we could be like okay instead of us always going for a one to one we could probably always go for a 2:1 and that would make us way more money right or we could be like okay we entered into the trade right here our stop loss was right here and our take profit was up here and it's like okay I'm seeing and looking back on all my trades and I'm like okay 10 out of my 30 losses that I had I got taken out of the trade it hit my stop loss and then it instantly went to my takerit so maybe I should try making my stop loss a little bit bigger giving my trades room to breathe that way I don't lose as many trades so that's what I mean by looking over your back testing trades on the chart because we want to see the price action of each trade on the chart itself not just the notes that we took so once we do that then we're going to look for patterns in our wins that could allow for us to capitalize on our wins more that's what I went over which is holding our trades longer scaling in which means as price is going up let's say we're in a buy and as price is going up we're buying more contracts more contracts more contracts the more we're believing in the in the um the trade or trailing our stop-loss trailing our stop loss simply means let's say we're in a trade right here and as price is going up we're moving our stop-loss up so let's say price is going up here then as it's going up we're moving our stop loss up the same amount as price is going I can't grab my line here as price is going up we're moving our stop loss up even more that's what trailing our stop loss means it's just uh trailing it as price is going up it just helps you to minimize your risk um but then also we're going to look for patterns in our losses um that could allow for us to lower our risk amount so patterns that we could look for is maybe moving our stop loss to break even once our trade goes halfway to our TP or maybe closing partials or trailing our stop loss again how I mentioned now this is a tactic I lo I use a lot as far as moving our stop loss to break even um what we do what that looks like and the reason why that's so good is because it then makes the trade risk-free so let's say I entered for a buy right let's say I entered for a buy right here right and originally my stop loss is right down here and my takeprofit is up here halfway to my TP is somewhere probably over here so as soon as price hits this area I'll move my stop loss to break even basically moving my stop loss to break even just means moving my stop loss to my entry point so if I entered here I'm just going to move my stop loss to here that way if price comes back down here I'm not going to lose money it's just going to take me out of my trade basically where I entered at which in turn makes me not make any money but I also didn't lose any money that helps us protect our trades so if you've noticed patterns in your back testing over the past 50 days of you back testing or however many days you trade remember it's 50 days minimum that I suggest so you so you can get enough data compiled um if you've noticed patterns that's like okay if it hits halfway to my takerit and then it reverses majority of the time if it reverses after going halfway it goes all the way down to my stop loss and our our job as traders is to protect our risk it's not to make money it's to protect our risk so if we realize we can protect our risk by when price moves to take take profit or not take profit halfway to take profit we can move our stop loss to take to break even that way we can protect us from losing any money on that trade at all so that's just an example obviously of ways that you can practice um or things that you can see from looking for your patterns in your losses on the charts that could help you make better decisions moving forward to optimize your strategy now getting into further optimizing your strategy um back test with the new optimized versions of your original strategy for at least a 100 days now what I mean by that is let's say during that first optimization period you said "Okay boom." Instead of only holding my trade for a one I'm going to hold it for a 2:1 and then I'm going to move my stop loss to break even when it hits halfway to my takerit let's say that's your new rules that you have for your strategy now go back test that new strategy doing those same steps not on the same days do completely different days you can do those same days as well but make sure you include different days in there as well and see how it changes see if your win percent went down versus what it was before see if your R um RR profit went up or down based off of what it was before see if your overall total tick amount profit went up or went down see that type of data and if you're happy with the results then start trading the new optimized version of the strategy um versus the other one now I how I suggest for you guys to take this to the live markets let's say you're back testing your a new strategy one that hasn't been proven versus one that I've given you guys or um one that you guys have gotten from my strategies course um is to take the strategy live in the markets with the smallest positions possible so instead of you trading NQ trade MNQ instead of you trading ES trade MES and only do one contract do the smallest amount because you're just testing this um and I suggest for people to test it for at least a month before going to normal position size and while you're in this testing phase continue to track all the same metrics from the testing phase we're going to get into this a little bit later on inside this video about journaling and journaling on live um when you're trading live because it's very similar to when you're journaling your back testing u but you need to track all this data and keep all this data tracked um so yeah so with if you're happy with the results after you fully optimized it you went through the first optimization and then you back tested with that optimized version and then reoptimized it or you kept that reoptimized version take it to the live markets with very small positions do that for about a month move over to then trading on normal position size and continue to track the data from there now if you're not happy with the results of your optimized versions then repeat the optimization process go back look at what things you could have made better um with the reoptimized version um let's say instead of you jumping from a one to one risk-to-reward ratio every time instead of you jumping from that to a 2:1 maybe try going to a 1.5 to one risk-to-reward ratio maybe not moving your stop loss to break even um things like that also I forgot to mention this so if you do decide to do anything where you move your stop loss to break even make sure you track in every every single one of your trades that did go back to break even um so the same way we were tracking our trades before with the um like the wins losses and things like that track break evens as well um but yeah that is how you back test we went through exactly how to do it on charts but the biggest part of it I see a lot of people back test and they have no results to show for it they make no progress with their back testing because they're not journaling and optimizing their back testing this is the most important part of back testing you don't just want to go in there and click random spots and draw random lines and boxes and all this stuff you need to track the results that way when you're trading live you have the data you have you you know every single time you click buy or sell that you have a 70% chance of winning this trade because you back tested 200 days of this strategy and over the course of those 200 days 70% of the trades you took one that way you in your live trades you're confident knowing that you can actually make or win 70% of these trades or that if you follow every single thing that you did in your back testing results you're going to win 70% of your trades most of the time so that's how you back test which is probably one of the most beneficial things that a lot of people skip past um another thing that a lot of people skip past and we're about to dive right into right now is creating and having a trading plan which you need to have this to be able to back test correctly or be able to even just be a professional or sorry a consistently profitable trader now before we hop into how to actually create a trading plan why is a trading plan so important here I am again with my perfect uh slideshows a trading plan allows you to have uh risk management and it helps you have a defined riskmanagement strategy that will help ensuring that you don't expose yourself to extreme risk on a single trade or over time so risk management al risk management means in simple terms is managing your risk making sure that you're not losing more than you're supposed to you're risking a consistent amount you're risking a known amount a lot of people will come into this and just they don't know how much they're risking per trade and somehow they're down $100 million having a trading plan stops that from happening um it helps with consistency so it promotes consistency in trading decisions which is very crucial for measuring performance and success over time you really have to trade like a robot that's why I make systematic approaches that's why all my strategies in this video and the strategies that's in my strategies course are all systematic so it's not thinking you do exactly what the strategy says and the strategy works it helps with logical decision-m having a well ststructured plan reduces emotional and impulsive decisions which helps you make reasonable and logical decisions in trading the biggest downfall as that traders have a lot of traders have is being too emotional and being impulsive emotional and impulsive decisions will cost you the majority of your money inside of your trading career so you need to make logical decisions and how you do that is with having a solid trading plan now it also lets you uh or helps you with goal setting so it allows traders to set clear and achievable goals and work consistently towards achieving them um having a plan streamlines the trading process makes it way more efficient less timeconuming and more stressfree because you're not thinking about what you're doing you're following your trade plan you're following that checklist you're following the thing that is um the system that has been proven to work it helps with your confidence as well because traders with a solid plan often have more confidence in their decisions which can lead to better trading outcomes now I told you guys that confidence is a huge thing to have and you get confidence by having the data that's why we talked about back testing just now because when you have the data that tells you that 70 out of the 100 trades you take you're going to win you have a certain level of confidence now you don't know when that other 30 is going to happen you don't know when your losses are going to happen you just know over a long period of time you're going to be profitable and you're going to be winning more trades than you lose um it helps with discipline so following a plan requires discipline a key attribute to trading um is helping to avoid rash decisions based on market noise so we need to be extremely disciplined if you're not a disciplined person trust me trading will make you very very disciplined because you need to have discipline to succeed in trading now let's get into how to actually build your trading plan what do you need to have in your trading plan so that you personally can make your own because my trading plan is not going to be the same as your trading plan my rules are not going to be the same as your rules but we need to have rules because another big part of it another big part of having a trading plan benefit I should say is and I want you guys to think for this for yourself i don't know if you're you're in school i don't know if you have a job um but if you're in school or you're or you have a job you have somebody holding you accountable you have a boss saying you have to do this this and this if I see you doing this you're fired you have a a a coach um or you have a school teacher that's like if you're if you don't do this this and this you're out of here right you have somebody holding you accountable when it's trading it's you and a computer like if you don't have the discipline to follow your trading plan and not risk your rent money and not make stupid decisions there's no one that holds you accountable the only thing that's holding you accountable is you running out of money um but having a training plan forces yourself to hold you accountable it's like having your own personal coach it's like having your own teacher it's like having giving yourself a boss because you have to follow this trading plan and I'll show you guys how you actually make sure you follow it regardless if you're a disciplined person or you're not a disciplined person so um let's get into building your trading plan so the first thing you need to have in your trading plan is you need to identify the kind of trader you are so you need to identify if you're a scalper a swing trader or intraday trader we went over all three of those are identify for yourself um based on your personality your trading goals how much time you have during the day define what type of trader you are cuz you need to be aware of that next you need to give yourself a time frame just like with the job you're there from 9:00 to 5:00 you're at school from I don't even know what kids are in school 7 to 3 maybe i don't know what time kids are in school um but whatever give yourself a time frame for when you're allowed to trade and the reason why it's so important to give yourself a time window is even when we go back to our back testing how we just talked about back testing we're using the kill zone indicator to stop us from trading at 4:00 in the morning because we don't trade at 4:00 in the morning we're using the kill zone indicator to tell us or to show us to not trade or to show us that it's 9:00 at night we know we don't trade at 9:00 at night we're usually eating dinner with our family or whatever it is right so we know we don't have any data tested for that period so it doesn't make sense to trade that period so having a a rule or in your trading plan having a set of rules that's like I'm only able to take trades from 8:00 a.m to 1:00 p.m it stops you from taking trades outside of your window that you don't know you never tested 5:00 p.m you never tested 6 p.m it stops you from taking those trades um when you're just bored playing video games and it's 7:00 p.m and you just see a chart open and you just want to press buy or sell it stops you from doing that having that so make sure you put the time frame that you're allowed to trade from now that doesn't mean if you put 8 to 2 p.m that you're sitting in front of your charts for 8 from 8 to 2 p.m that just means if a trade happens between 8 and 2 you can take that trade if you're sitting at your desk and the perfect setup happens at 4 pm but your rule says you stop at two you stop at two you do not take that next one next thing is what instruments you're allowed to trade so as beginners right we can get very very overwhelmed we think if we have a 100 million charts open that that's what makes us successful we have NQM gold Ethereum Bitcoin Tesla Nvidia um we have all these things open and we get super confused i do not suggest doing that for beginners i suggest to focus on two to three instruments max and the reason why is because each instrument or each pair as we've talked about has their own personality and if you're trying to learn I got analogies for days my analogy for this and what I tell a lot of of my students and people in my inner circle um my analogy for instruments is imagine you're a guy or you're a girl and you're trying to date 20 different people you're going to forget the name of this person you're going to forget the favorite color of this person you're going to forget what you did on one night with this girl versus what you did on one night with that girl you're going to it's going to get all confused because you don't understand you don't remember their personalities cuz it's too many of them versus if you were a nice loyal person and you only with one person you would know that person in and out same way when it comes to trading you don't want to have a million things on your watch list um because you'll never learn the personality of that one or that two or that three max that you should uh trade so when creating your trading plan decide what pair you're going to be allowed to trade what pairs like I said I'd suggest max three but if you can focus on just one you're going to be set you do not need multiple pairs to trade i promise you if you can just focus on one and master one you will be rich beyond your wildest belief but I understand people want to try out other things so three max one to two is the sweet spot though and have that in there you cannot trade anything else if you say you only trade NQ and and and NG don't open up a ES chart don't open up a YM chart don't open up a a Forex chart stick with that next you want to define what strategies you're allowed to trade so there's a million different strategies that you can trade um we went over three in this video there's a bunch more in my strategies course you could probably find a hundred million on YouTube and you'll get extremely confused if you try and trade all of those strategies so in your trading plan clearly define which strategies you're allowed to trade max two do not go over two strategies or two setups um choose which one fits your personality you can test all them out test all them out and see which one performs best for you the one that you understand the most and choose two out of those right you have to define those strategies that way if you only trade the ultimate support or resistance strategy and the scalping strategy I don't care if the squeeze strategy shows up perfectly that's not your strategy it's not in your trading plan it's against your trading rules to trade that so you don't trade that set risk management rules so what that looks like is set a risk uh a max risk per day or per trade so you can be like "Okay I'm only going to risk $1,000 per day or I'm only going to risk $300 per trade." You cannot go over that number if you lo if you lose over $1,000 you have to stop for the day if you risk you cannot when you're setting up your trades and choosing how many contracts you're going to trade um you have to keep in mind that you cannot risk more than whatever that amount is let's say your number is $300 per trade have that in mind because you need to have a solid risk management strategy and set of rules you also want to define the max amount of trades you're allowed to take per day now the reason that that is so important is because um us as traders we think the more trades we take the more money we make in reality the more trades we take the less quality trades we take the more money we get back to the markets we'll get into this deeper later on inside this video but we need to um you need to understand that you should have a small amount of trades small pool of trades that you're allowed to take per day in per day sorry and this will vary depending if you're a scalper swing trader intraday trader scalpers usually what I like to say is no more than four trades per day um four or five trades per day intraday traders no more than three trades a day um and swing traders honestly I say about three a week honestly no more than max three a week um because what ends up happening is if you don't have a max amount of trades you're allowed to take per day you can easily go on tilt especially as a scalper and take 30 trades in one day and you were taking super not quality trades you were taking trades that didn't line up with the checklist that didn't that weren't perfect setups and you're giving money back to the market so have a clear defined max amount of trades that when you hit that max amount of trades you're done for the day and stop um clearly set your entry criteria for entering trades so you want to have a um clear entry criteria so we explained for the hybrid not the hybrid for the um ultimate support and resistance strategy that we need it to break above a swing high or swing low clearly define that whatever yours is if that is yours good if you have something else clearly define that that way that stops you from just randomly entering trades just cuz you felt like it right clearly define what you need to see to enter a trade and stick to it next you want to set rules for trading during the news/high volume events so if you have if you know the fundamentals we went over the website that you go to see when news is going to come out are you allowed to trade news if you are are you allowed to trade all throughout it if you're not what is the buffer that you give news to play out is it like there's heavy new there's red news coming out at 8 a.m do I have to wait until after 8:30 to start trading just clearly define that so you have that inside of your trading rules so you don't mess yourself up and then also create mental rules for before during and after trades um so what I mean by that is like I mentioned impulsive decisions and emotions really really um mess us up as traders so if you just got broken up by the love of your life I promise you you're not at the mental state that you should be to be able to make clear decisions in the market and make money so give yourself rules for if you had a long day at work and you're too tired don't trade give yourself rules that's like if your girlfriend just left you don't trade because you're going to end up taking out your pain on the markets and the markets are going to beat you up beat you up steal your money and you're still going to be sad but you're just going to be sadder and broker if you're angry if you just got in a fight with your dad about something you should not be trading you need to be at the most neutral state of emotions possible when it comes to trading so that your emotions do not affect how you trade or how you see the markets so have rules for that um next you want to have clear defined exit strategies so is it whenever you um get to a recent swing high or a recent swing low you're going to exit the trade or whenever you um make this profit you're going to exit the trade i don't really suggest going for profit targets like dollar amounts um because I feel like you leave so much money on the table when you do that but if that's your thing that's your thing i just personally don't suggest that but just create a clear defined exit strategy for when you're trading then lastly this is the most important part i promise you this is the most important part if you don't do this everything I said for the last freaking 13 minutes if not the last couple hours pointless you need to create a consequence for breaking your trading rules and plan take it from me like I said I've helped tens of thousands of people learn how to day trade the biggest thing that people have or lack is the discipline to be able to trade consistently and make money the reason being is because losing money is not enough pain for people i don't know what you would think it would be enough i guarantee you're saying in your mind right now if I lost $1,000 I would stop doing the stupid mistakes that I keep making promise you you're not going to it happens to every single person losing money in trading is not a big enough slap in the face to stop you from breaking your rules if you know your rule says you cannot trade more than five times a day and you take 10 trades and those 10 trades cost you $400 you're going to wake up the next day and probably still going to take another 10 trades it's It's not enough you need to create a real life consequence and I'll say this and this I I try and say this in the soft way possible this is how I explain it to my uh mentorship students give yourself a consequence that will give you a soft version of PTSD now um what I mean by that is something that you will remember when your finger let's say you your max trades is three per day and your finger's hovering over that button to enter your fourth trade you get a flashback in your mind of the consequence that you have to do when you break your trading plan and it snatches your hand away this is how you hold yourself accountable to your training plan this is how that trading plan becomes your boss this is how that training plan becomes the teacher that's holding you accountable this is how that training plan becomes the one thing that allows you to not just become profitable but to stay consistently profitable you need to have a real life consequence something that you feel something that you will remember i can't give you one but what I suggest for most people and it seems to work well unless you're like a crazy person every single time you break any of your rules I'm talking about the smallest of rules if it says you can't trade after 2 p.m you made the rules you can't get mad at me you made the rules if it says you can't trade after 2 p.m and you open a trade at 2:01 broke a rule you got to do the consequence if it says you can't risk more than $300 per trade and you close a trade out and it's $31 you broke the rule if it says you can't do whatever and you break the rule you have to do the consequence now the consequence that I suggest for most people is to take a ice bath um I know few people that like ice baths i've had one-on- ones with a lot of students and some of them are like "Yeah I do that every morning." That's nothing kudos to you um David Gogggins but it's not for me it's not for most people but you know you more than I know you you know something that you would hate i have people that have to run four miles i have people who have to give their sisters money i have people who have to um there's someone that has to take some type of concoction where he has it's like some oil that has horseradish and it's just super super nasty so every time he breaks the training um any of his training rules in his plan he has to do that nastiness or you have to do whatever your consequence is if you know you're a person that absolutely hates running every time you break one of your training rules tell yourself you have to run two miles instantly i'm talking about as soon as you break the rule you have to do the consequence i'm not saying you play you you build up all your rules and then you go do it on a Saturday as soon as you break that rule as soon as you lose more than that $300 or whatever your number is you go do that consequence because it needs to get ingrained in your mind and I told you guys soft PTSD not real PTSD soft PTSD where when you're hovering over that button to break that trading rule you remember that 4hour bike ride that you had to take and you hate riding bikes right so for yourself write that down write down whatever that consequences what I would do if you have friends um and I suggest if you have friends that are trading let's say you sent them this video and now they're interested in trading which I would suggest for people to get a friend of theirs or a family member interested in trading this is the perfect video that you can send them because it'll get them completely up to speed so you can share it with them but if you have someone that's interested in trading share your trading rules with them that way they can also hold you accountable where when you're talking to them you're like "Man I took about five trades today." and they they remember they're like "Wait your plan says you can only take three ice bath." You know what I'm saying they might even drive the ice to you i don't know but just keep that in mind and having somebody else that sees your trading plan helps you be more accountable like with with my mentorship students in my inner circle I make them send me their trading plans and send me each and every trade that they take per day that way I'm like "Wait a minute you lost more than $500 you weren't supposed to lose more than $500 did you do your jumping jacks or did you um do your ice bath did you do your push-ups today things like that so having someone that holds you accountable is super super super important but if not you hold yourself accountable with that consequence make it something what I say to all my students is make it something that you won't want to do more than two times i promise you you're going to mess up you're going to do it the first time you're going to break your trading rules it's guaranteed every single one of my students have done it and like I said I've helped over I've helped tens of thousands of people and every single one of them has had to do their consequence at least one i can't remember the last time I've had someone had to do it more than three times so if it takes you three times to have to do your consequence that's bad you didn't make your consequence bad enough so um yeah that's how you create a trading plan and how you hold yourself accountable to that trading plan it's very very very important that you go through all this answer each and every one of these questions and put your consequence for breaking any of these trading plans or trading rules okay so now that we've talked about what trading is types of traders the type of markets strategies we went over back testing trading plan everything now it's time we put it all together how do we actually enter these trades how do what what platforms we use to enter these trades um what are all the different things that we need to be able to calculate our risk properly uh all the things that actually make us money we can make all these drawings on the charts we can have this all this information but how do we execute on it how do we make money so this we're going to start talking about brokers the platforms that we use to actually enter trades how to use each and every platform to make sure that you guys are completely familiar with each and every platform that we are going to use but first we need to talk about what brokers are brokers are extremely important but in simple terms brokers are where we place our trades they hold the money so we deposit money into a broker we use that money to trade with so we don't trade directly from our bank accounts right we would transfer money from our bank accounts into a brokerage account and the brokerage account would then um that's where we would be trading from and making money from then we could withdraw that money from the brokerage account to our bank account and go buy that Lamborghini or whatever you want to buy now there are some brokers that are also platforms so the difference between a broker and a platform is that the broker just holds the money that allows and that's that's like I said it holds the money and that's where you're trading out of that's the money you're trading out of platforms actually let us execute our trades as far as that's where we press buy and sell on that's um where we're actually entering into the trade now some brokers are also platforms so it's a twoin one kind of thing but some brokers are separate then you connect that broker to a platform so if you we talked about these different markets so we have the forex market futures stocks crypto we have these different markets if you want to trade futures sorry if you want to trade forex this is the broker that I suggest i'll leave a link for it inside description down below you'll get much better rates if you use the link for it inside the description that I give you guys so I have a partnership with them and I've literally used them for the my entire trading career like if you go back to the first video I ever made or if you go back to a post on my Instagram eight years ago when I first started off trading this is the first and only broker I've ever used so I recommend them because I've used them literally my entire career and they are absolutely amazing i've never had problems with them they're called Osprey FX like I said I'll leave a link for it that'll give you better rates inside the description down below next to my broker or the broker I recommend now Osprey is for Forex trading if you want to trade futures this is not the the broker that you would use we're going to go into that in a second but if you want to trade forex Osprey is what I recommend it gives you um everything you need i've never had any problems with this platform withdrawing money i've withdrawn multiple six figures from this platform or sorry from this broker because this is not a platform now this is a standalone broker this is not a broker and a platform you have to connect it to a platform and we're about to get into that platform right now that platform is called Trade Locker so once you sign up for Osprey they're going to send you all you do is sign up to sign up it's completely free um you sign up for Osprey they're going to send you an email with login instructions and that's going to walk you through to login and connect your brokerage account to this platform called Trade Locker we're going to do a full walkthrough of it so you guys understand how to use Trade Locker but it's first signing up for Osprey if you want to trade forex sign up for Osprey create your account it'll send you login instructions which you would then plug into your Trade Locker account right here now if you want to trade futures I told you guys we're mainly going to focus on Forex and futures if you want to trade futures the broker and platform that I use is Trade of Now this is a twoin-one thing where this is a broker as far as this is where what's your money is going to be held in and this is also where you're going to trade off of so unlike Osprey where you have to create an Osprey account and then connect it to Trade Locker you'll create a trade locker account and you'll trade off of tra sorry you'll create a trade trade of account and you'll trade off of Trade of itself this is this is the broker that I've used um since I started trading futures which was I want to say three years ago um this is the broker I've used the entire time i've never had problems with them or issues with them i'll leave a link for them inside the description down below as well great platform super super simple to set up and we're going to dive into how to actually use this platform in a second here but this is the broker that I use for trading futures now let's start off with how to actually use Trade Locker so what you're going to do after you get that email you sign up for Osprey you're going to get an email with a link to come here or you can type in here live.tradelocker.com and hit or input your login instructions that's in that email that you got from Osprey your chart's going to look like this or your screen's going to look like this it's a bunch going on right now this is just um a smaller account that I don't really use right now i have about $12,000 in here i'll show you guys some examples of opening up trades and things like that and how to use this platform overall so if you notice this screen right here looks very similar to Trading View um this is very very similar to Trading View you have your one minute time frame up here you can change it to whatever time frame you want you can press this button right here and switch it to hyenashi candles line charts bars you can press your indicators here type in your VWAP if you want your VWAP you can press this right here to actually have multiple um different templates saved if you have a bunch of different uh usually indicators on here you can save it as a template this just tells you that trading is open which means you can actually trade right now um over here you can take a picture full screen same thing over here you have a bunch of different This works the exact same as trader bait i mean sorry as Trading View it's the same as Trading View it looks very very similar to it now this panel over here allows you to see what instruments you want to trade so let's say you want to trade gold you can type in XUSD and you'll see the chart will change and now you're on a gold chart you'll have the price of where it's at um the high of that that candlestick where price is at the spread and everything like that let's say you want to type in and the spread is simply just where price is at versus where you get entered at so let's say price is right here if I press buy right now I'm probably going to get entered somewhere up here now if you use a bad broker um that's why I suggest the one that I suggested to you guys is the spreads are very tight which is a good thing because sometimes price could be right here and if you press buy it'll get you in up here which automatically starts you super in the negative and you don't want that uh so you want to make sure you have a good broker and make sure you're using the right broker um so that that's what these numbers are and then over here is your trading panel you can actually press this up arrow and it'll actually expand it make it uh bring a little more options in here we'll go over this in a second down here you'll have your positions if you have a position open it'll show you it and the information on it i'll open up a trade here in a second to show you guys you can see your B your pending orders which are just orders that haven't happened yet um like a limit order a limit order simply means that you are waiting for price well you'll put an order in right here let's say you put a limit buy order right here that if price comes down here even though we're up here if price comes down here it'll enter you into the trade so you don't really have to sit here and watch it um you can set that that's a pending order or a limit order or a stop order um that's what that means so that'll show you your orders that you have pending or waiting you can see your close position your balance your trades your order history your alerts you can see all that right here um and then over here is just more information about um just different panels that you can add and things like that you can add to your chart this is the main thing that we're going to worry about though this this trading bar because as you see on our chart here markets open we can be under market order market simply means this is the same for trade of eight when we go over that market order simply means we're getting in right where price is at so as soon as we press buy we're going to get into the trade here as you see it enters me into the trade you see my um I bought a buy which means I'm betting on price going up this is where I entered at this is the margin as far as how much I needed in my account to open up this trade um the fee that it took which is 7 cents and my profit and loss right now I'm down 19 cents on this position i have uh options over here to uh edit my position i have options to close it partial close or um you can exit it out so it all that information is over here or you can do it straight from the bar itself so if I um actually let's say enter a buy position right here i can hover over this number which is my P&L my profit and loss currently and I can just press this X and it ex me out the trade now as you see I have multiple different um it shows me where I took each trade at i bought right here and I sold right here i bought right here i sold right here um so that's how that works but there are cool things inside here that make trading a lot easier so let me actually go to a different chart here let's go to a NAS 100 just so there's no arrows on it um under market let's say I'm entering for a buy buy means I'm betting on price going up sell means I'm betting on price going down so let's say I'm going to enter for a buy i'll press buy and let's say I want to risk a uh certain amount right when it comes to Forex they're called lot sizes futures is called contract sizes and all those mean is that's how big the position is that you're entering into the trade so um right here and depending on the pair that you're trading or the instrument that you're trading each lot size represents something else but we'll go into that and we'll show you examples of that right now actually um and why this platform is so good because it calculates all the risk for you so let's say this is your trade let's say you draw out your long position you enter the trade right here let's say your stop loss is below here and let's say your takerit is right up here let's say this is the trade that we're going to take we have our uh tick amount or our pips amount pips is the t is forex version of ticks um we have our risk-to-reward ratio right here so uh this is the trade that we're taking let's say we enter for a market buy what we can do is press this stop-loss button and as you see it popped up on our screen we can actually drag this to our drawing because remember this is just a drawing it's not we're not in a trade until we actually press buy or sell so I can actually drag this to my drawing right here so now my stop loss is here it tells me how much I'm risking right now with the current lot size amount that I'm using i can check the takerit right here and as you see it's showing me exactly what um how much I'd make if I hit my full take profit that dollar amount right there let me drag this over so you guys can see it a little bit better um and then it shows me the P&L right here as well so it shows me the price of where my stop loss is which is 18602 as you see right here where I drag my stop loss is 18602 um this is the price of where my takeprofit is that 1911998 this is the amount of ticks or pips and then this is my P&L as far as how much money I'd make if it hits my TP how much money I'd make if I if it hits my stop-loss and then what's cool is that you can actually press this risk feature right here if you click it and if you want to determine how much money you want to risk so let's say in your trading plan you only want to risk $1,000 per trade i want you to keep in mind look at this part right here the lots right here if I change this to say I only want to risk $400 on this trade it'll change the lot size to the amount that I need to open up so that this is a $400 um risk it'll automatically do that and that's why I like that make sure you have this risk thing checked though because that's when you'll be able to put this and let's say you drag your stop loss right here let's say I want to risk $1,000 on this trade it'll tell me how many lots to open up it'll tell me what my P&L will be i think this messed it up and dragged it further um it'll tell me what my P&L will be as far as my profit that I'll make and everything it It plays it out very very easily for me so I can see what I'm risking i can see what I'm going to make if I press buy right here let me actually just do a small position so I'm actually not trading this um one sec let's just do a one lot size right here let's put our stop loss and our takeprofit where it's at so our 0.01 lot size i'll press buy so now I'm in the trade you see my stop loss is right here my take profit is right here and I can always adjust this so I can click on stop-loss and I can actually adjust this and it'll tell me how much I'm uh risking on this trade just by doing that just by moving it the further out I drop I uh drag it the more I'm risking obviously because I'm making my stop loss bigger same thing when it comes to the TP it's the same exact thing once I decide okay this is my new TP and this is my new stop loss i'll press confirm right here it's confirmed you see right now I'm floating 20 cents in profit now I'm down 140 i could press this partial close position button if I wanted to close part of my position or I can press this full close pos uh button and it'll close up my position entirely just like this now keep in mind you don't have to set your stop loss and take profit before you enter into the trade it just helps with this risk thing because it it when you're changing this P&L it gives you the amount of lots that you should use without you having to calculate yourself but let's say I enter this trade without putting any stop loss or anything let's say I open up another 0.1 lot i enter the trade i can click this and I can actually adjust the stop-loss right here so if I click on the stop-loss I can still put a stop loss in there even after I enter the trade same thing when it comes to my takeprofit I can drag it and put one on there the only thing is that we can't change the contract size that we have open right now or the or the lot size that we have open right now we have to stay in there with the same amount that we have so we we can't really adjust our risk based off of the lot size we have to adjust it based off of where we're putting our stop-loss but uh we'll confirm this actually we'll close out this position right here just lost $8.50 to show a example it's perfectly fine i didn't want Chipotle anyways but um that is basically how you use Trade Locker it's very very simple like I said you'll come over here type in whatever you want to trade say I want to trade S&P i can do that and um I can do the same thing so I'll hit this panel up here the button to extend this panel up and it'll give me the options to buy sell set pendings pending is simply like I said an order that you uh will buy at a certain price so say I put this pending right here i press a buy now when price comes right here it'll automatically get me into the trade and you can set up this pending limit to automatically have a stop-loss on it as well so when it gets you into the trade it automatically has a stop-loss or take profit at whatever level you want it to be at um same way we did with a market order now that's how you use Trade Locker now let's get into how to use Trade of So once you create your Trade of account and you log in for the first time with the account credentials that you gave yourself uh let me drag this back over here you'll actually be able to it's going to take you to this screen right here now it might look a little bit different if you didn't create a live account yet um you might you might only see market replay or simulation but realistically it doesn't really matter once you get to this page uh you'll press live trading or simulation or market replay we don't have to worry about market replay right now um but let's go into a simulation account let's press launch this is just taking me on a demo account right now i just want to walk you guys through how to use this platform when you first start off your chart's going to look like this this is very very confusing when I first started off trading this confused me i did not know what any of this stuff was trust me I'm going to walk you'all through it it's not as bad first step press X next to all of this stuff delete all this stuff right i don't I don't want any of this stuff right then we're going to press this um in the top left corner add modules and we are just going to press where is it at chart right here you'll press chart or drag click and drag chart and move it right into the center of your screen and then next to this search type in whatever you want to trade so let's say I'm going to trade ES so I'll type in ES um the first one that's at the top is always the most current contract version as you see there's multiple versions of this and we'll get into um this later on when we get into understanding futures contracts but uh the first one here is called ES it's always going to be the first one that's the the one that we're on you're going to click it and your charts might look something like this it's kind of I don't know what type of chart this is it's a bar chart actually um what you're going to do is exit out this right here the top left corner and right over here next to the 15M I'm not sure what time frame it might start on a different time frame for yourself but um I want to I want you guys to get familiar with this and this is very similar to Trading View it just looks a little bit different so this panel up here we have a zoom in button we can click to zoom in we have a zoom out button we can click to zoom out this is a time period so our time frame so we can press this and we can go to the one minute time frame if we want we can go to the 5minut time frame next to that is the type of candles or graph that we're looking at so if we press bars here we can press regular candlesticks so now we see regular candlesticks or we can go to high kanashi candlesticks whatever you want to see just want regular candlesticks for right now next to that we have a chart settings which just lets us um edit our charts if you want to do any type of editing as far as the color scheme the uh day volume profile price levels any of those things you can edit it all through your settings and play around with it if you want um I don't even know what I just pressed um one second let me fix this here we go um so next to that is the configure chart element so this is if you want to put uh indicators on and what indicators are on there you can make it invisible you can delete it al together the button next to that is indicators where you can find your indicators you can search for VWAP you can search for EMA you can search for any indicator on here and you'll be able to see it and then you have a template list this is where let's say you set up all your indicators you set up everything how you like it you can create this as a template and um it'll save it so you don't have to do all this work all over again now most of the time it saves it so like next time I come into this or next time you come into this you won't have to exit out all the tabs and drag the stuff and all that things all those things um but then on the left panel over here you have your crosshair you can have crosshair you can have snap global crosshair i keep it on show crosshair um you have a data box which is what we exited out before you have a drawing tools where you can draw your lines oh snap i didn't need that where you can click your line and draw your line just like you would on uh trading view you can draw polygon you can draw shapes and a rectangle you can do all that things on here then you can lock menu items on chart which basically means that this won't fade away cuz this stuff fades away after a while of you not using it um so yeah that's how you use this over here now obviously this works the same we have our chart in the middle we have our price scale over here which tells us where price is at and things like that that's um all that is over here we have application settings which we'll get into a little bit later we have news chats and all these other stuff that I never pay attention to and then over here we can add more modules so the same way we press this plus button to add the chart we can actually add other things so what I like to add is I'll add um positions and I'll drag and drop it on the bottom of my screen here this will show me all my open positions i'll just drag this down to make this smaller cuz I don't need it that big let's say I open up a position right here obviously this tells me what I'm trading right now which is ES um if I was on another thing it would tell me it's another thing it tells me the price that it's at the bid and the ask um which we'll get into a little bit later on in my position if I have any positions open it'll show me it right here now we have a bid in the axe button i don't use this much i just do buy market and sell market um this right here is the contract amount this is the time obviously of where we're at um alerts search these are all things that you can play around with i don't really use it too much what I main mainly spend my time on is this section over here so we have buy market and sell market this number right here is the amount of contracts that we're entering into we'll get into contracts more in depth um a little bit later on and then once we uh have the amount of contracts that we are going to uh use let's say we want one contract we can simply just press buy market and as you see we're in the trade in the bottom left corner you see the trade right now you see right here we're negative $25 right now on this trade negative $12.50 on the trade um and then once I close out a position so once it goes negative or positive I'll close it out and how I close it out is I'll press this exit at market close this will close out all my positions i'll press exit as you see my P&L is $62 i made $62 this is on a fake account i wish I did that on that other account that when I was showing you guys the trade locker um walk through it's okay um but yeah it shows me our realized P&L realize simply means that that's the closed position i don't have any open positions i close this position i made my $62 uh open position simply means if I have a trade open and I have not closed it out now under here is ATM for futures stop-loss and take profit is ATM so um this is just the version of ATM so how you set this up because most of the time you won't have an ATM you'll go into it'll be off but you need it to be on so you can have your stop loss and take profit what I like to do is I press the settings gear next to the ATM and you can create your own ATM so this settings window will pop up and what I'll do most of the time is I'll put this on let's say I make a name um let's say YT right i press okay the ticks um shown in tick which basically just tells me what I'm uh where I'm going to put my stop loss and my takeprofit uh and this right here is the type which is a stop loss and a takerit i could do stop loss only or take profit only and then this number right here next to take profit is the amount of ticks that my takeprofit's going to be at and my stop loss here is the amount of ticks that my stop loss is going to be at now this really doesn't matter well it does matter because you need to have this i suggest putting this at like 20 because you're going to adjust it after keep the stop loss type um stop you can switch it but keep it stop uh for right now when we're setting up basic stop-loss and take profit so but switch the takeprofit and stop loss to 20 the reason why it doesn't really matter because once we save this and make sure our y our ATM is on the one that we saved once we enter a trade let's say I press buy market you'll see the red bars up here this is our takeprofit since we entered for a buy the red one on top is our take profit and the one on the bottom is our stop-loss um there's a way for me to actually see this show order lines yeah um so how you get it to show the order lines if yours doesn't show automatically is you press chart settings right here and press fills and orders and press show orders right here show order lines um that's how you get it to show uh so now that you see this red line is my take profit since I entered for a buy this red line on the bottom is my stop loss since I entered for a buy it would be vice versa as in my takeprofit would be below if I entered for a sell and my take and my stop loss would be sorry my takeprofit would be below if I entered for a sell and my stop loss would be above if I enter for a buy but I said all that to say let me just exit market and close really quickly i said all to say that it doesn't matter what that number is on the ATM i say put it to 20 and 20 because we can drag it afterwards so let's say we enter for a buy it automatically put it 20 ticks away from where we entered at and 20 ticks away from where we entered at for our stop loss but we can drag that and line that up on Trading View so how I do it is I mark up my charts on Trading View and all I'm doing on Trade of Trade Locker is entering my position and then lining up my position with my drawing on Trading View so if on my my drawing on Trading View my stop loss is at 5420 I'm just going to drag my stop loss to 5420 if my takeprofit is at 5436 or 5437 I'm just going to drag it there and that's simply how I do it that's how you set up your ATMs or your stop losses now once you're ready to exit out this position automatically it's going to take you out at your stop loss and your takerit but if you want to exit manually you'll just press this exit at market and uh close button and you see it close out the trade and it remove your stop loss and take profits over here is going to be your account obviously I'm on a demo account right now showing you guys this example here's your equity in your account which is basically how much money you have inside of your account now when we're in a trade right now we're not in a trade so this number isn't going to move up or down but let's say we're in a trade you're going to see this number move up or down because we have an open P&L right now um and that's your equity as far as how much money you have in your account technically when you're negative $25 on a trade you're negative $25 in your account so it's going to reflect that so press exit that market and close then you're out of it um this is your open P&L to show it here your day margin and your initial margin you shouldn't have to worry about this as long as you're not opening up 100 million contracts and you only have $30 inside of your account we'll get into how much money you need in your account in a second from now um but that is honestly how you use um Trading or sorry Trade of So we went over how to use Trade Locker and we went over how to use Trade of Trade Locker you're connecting Osprey to Trade Locker to trade forex with Trade of You're creating a Trade of account and using the Trade of platform to trade futures now before we actually are able to start trading we actually need to purchase Market Data subscription on both Trade of Trading futures you need to purchase it on Trading View as well both of them now I'm going to walk you through how to do that right now um on Trade of Eate in the top right corner right here you're going to press application settings um and then under um add-ons I believe or no subscriptions you're going to scroll down right here and you're going to need to get a market data subscription right now I obviously have market data subscription already but what you're going to do is need to purchase market data subscription so you can actually see the markets because if you don't your data is going to be delayed by 10 to 15 minutes which means you'll be seeing on Trade of 8 the candlestick let's say it's 12:00 p.m you're going to be seeing the 11:45 candlestick you're going to be behind you can't trade like that so what you need to do is purchase the market data subscription and um what I suggest there's a couple options for you guys but what I suggest is the CME bundle that allows you to trade most of the pairs basically every single pair that I talked about um in this video so far nqe gold YM um NG every single pair i suggest to get the CME bundle cuz that includes all of it that's how you get it on Trade of Now how you get it on Trading View because it'll be the same exact thing if you go to like NQ or anything it's going to be like a yellow D up here that said that basically signifies delayed um so what you're going to look for is in the top left corner hover over your account you need to have an account for this hover over your account you're going to hover over your name here and go to account and billing I believe and then once you're here under settings uh you're going to want to go next to real time market data and get real time data now it's the same as I mentioned before on Trade of I suggest getting the CME group bundle it's $7 a month that includes everything um and you'll just get that obviously I already have that right now so you'll get that and you'll subscribe to that and then you'll be able to see realtime data you need to have it to be able to trade on Trade of 8 and you also need it if you plan on marking up your charts on um Trading View or else if you don't have it the data will be delayed like right now we're it's uh 533 or whatever but I'd be only able to see these candlesticks over here right so it basically be cut off like this and you obviously I can't trade like this cuz stuff has already happened and I wouldn't know what has happened currently in the market so you need to do that if you plan on using uh Trading View you need to get on Trading View and you need to get on Trade of if you plan on using Trade of Eate now you've heard me mention futures contracts or the term contracts a lot during this video now we're going to deep dive into exactly what contracts are what they mean the risk management behind them um how to calculate risk with contracts that we are using specifically when it comes to futures i'm also going to go through a couple of the key terms here as well so you guys understand exactly uh what you're seeing when you're looking at these things so first of all in simple terms futures contracts are legal contracts to buy or sell something at a predetermined price now you're basically buying the the option to buy something or sell something at a specific price we're not actually buying the underlying asset when we're day trading futures uh you could do that but most I'd say 99.99% of people who trade futures we're not buying the underlying asset we're basically saying for example with this iPhone we're buying a contract to sell 1,000 of these iPhones at $10,000 per iPhone now if the price of each iPhone drops drastically to $5,000 per iPhone we still have a contract to sell 10,000 of these or a,000 of these i forgot my example I gave you um 10,000 of these at a $1,000 or at a $10,000 price point so no matter if everybody else is buying for 5,000 we can sell this for $10,000 cuz we bought that contract um same thing vice versa if each of these iPhones was going for $1,000 and we had a contract to buy this iPhone for $500 we could buy a,000 of these iPhones for $500 because we have a contract to do that and obviously as you can tell the more the price of the iPhone goes up or um if it goes down depending what example we're talking about that contract us holding that contract to buy or sell an iPhone at a certain price becomes more valuable to somebody else if they actually want to buy iPhones i don't want to buy iPhone i want to trade that contract because the value of it is going higher um and that's basically what futures contracts are in very very simple terms now some key terms contract size margin requirements um buy contract and sell contract so contract size simply means the amount of the underlying asset that each contract is buying because when we buy one contract of let's say NQ we're not just buying one um NAS 100 right nq is the futures version of NAS 100 es is the futures version of the S&P 500 we're not just buying one contract and buying one NQ share we're buying 20 for example 20 times or 20 NASDAQ shares right or with ES we're buying 50 one contract one ES contract we're technically buying the option to buy one S&P 500 contract at whatever price we bought the futures contract for so that's where it can start getting leverage same way with our our example here where we're not just buying a futures contract to sell this iPhone at $1,000 we're buying a futures contract to sell a,000 of these iPhones at $500 or whatever the amount is um so as you can see it can get it can become very very valuable cuz selling one of these at $500 when everybody else is selling them for a hundred bucks is good but being able to sell a thousand of those for $500 and everybody else is paying $100 it's great you know what I'm saying um so that's contract size basically and then margin requirements so margin requirements is the amount of money needed in your account to purchase one contract we don't need all of the money on hand to be able to purchase that account because futures brokerages give us margin margin basically means it gives us leverage so in simple terms let's say you have a $100 in your account because of margin you're technically trading as if you have $100,000 in your account and that's because of the brokers that we use depending if you trade forex futures they all give you a certain margin requirement um or margin amount that way it breaks it down very simply so instead of us needing to have to be able to purchase one contract of NQ that allows us to buy 50 or 20 um shares of NAS of the NASDAQ which could possibly be for example $150,000 to purchase a,000 shares of the NASDAQ or 20 shares of the NASDAQ sorry um our brokers will let us do it for $1,000 they'll let us open up one contract for $1,000 and that's actually what it is we'll go into the specific numbers for each contract because it varies depending on the contract as far as the margin requirements but that's basically what it means the brokers are technically letting us leverage our money or um trade as if we have more money than we actually do to be able to purchase these contracts but that's technically what margin requirements mean it basically is the the amount of money that you need to be able to open up one contract open up a buy position on one contract or a sell position on one contract like I said we'll dive deep into examples here in a second here but I want to make sure you guys understand the key terms before we go into that now next is something you heard me say a million times buying and selling contracts so a buying contract simply means I'm going long simply means that I'm betting on price going up now if I'm selling a contract that just means I'm going short or that means that I'm betting on price going down that means if price goes down I'm profiting when price goes down if I enter a buy or a long I'm profiting when price goes up and I'm losing money when price goes down and vice versa um now here are the monthly codes because when it comes to futures contracts they change every single month and some change every single quarter so if you saw in the example when we were going over ES um you saw it was ESM I believe that's because the monthly code we're on right now is M because M is it's always the monthly code of when we the month after um it expires so to put it in simple terms right now we are in April right and NQM they all change every four months or every quarter um the next one changes in June so in June that contract will expire and we'll switch so right now we're in ES and you'll see at the end of it ESM but when June comes and that ESM contract expires we'll be trading the ESU contracts because that'll be the next one same thing when it comes to um NQ right now we're on NQM contracts we'll switch to NQU contracts and I'll show you guys this obviously more in depth but I want you guys to understand the monthly codes when it comes to the indices the indices are NQ ES and YM those change every quarter so every four months they expire ng changes every single month so you'll see each of these monthly codes for every single month as you see January's is F February's is G and this is when they expire we always trade the one that's closest to expiring um so if we were in uh if we were in July like the month that we're living in is July we'd be trading the August contract because the next contractire expires in August um so yeah that is monthly codes now let's go into the types of futures contracts cuz there's so many things that you can trade when it comes to futures it's actually ridiculous obviously we can trade commodities you guys have heard me talk about natural gas i love trading natural gas that's a commodity you can trade gold you can trade silver you can trade platinum um this is just some examples of what we can trade you can trade currencies so straight currencies you can trade um euro you can trade the can Canadian dollar you can uh trade the Japanese yen you can trade um um you can trade a bunch of different currencies i don't even know why I can't think of one right now um you can also trade indices which is what we trade all the time nas 100 the futures version of that is NQ um indices the futures version of that is I mean sorry the S&P 500 the futures version of that is ES uh you can trade US30 which the futures version of that is YM and you'll see it on the next slide here etc etc um then you have grains we can trade wheat we can trade soy contracts we can trade corn futures contracts um you can trade cattle I believe contracts which is crazy I've never traded any of these before you can also trade bonds a lot of people would trade bonds bonds 5-year bonds uh treasury notes 10-year bonds you can trade all that when it comes to futures and it's just a contract to to as we explained before the contract to buy or sell any of these underlying assets at a specific price um so yeah this is what I just broke down which is um E- mini which basically is just the the futures contract of S&P 500 the ticker symbol ticker simply means the the abbreviation of it so you'll see a lot of times if people is talking about a stock like um Tesla right they don't type out Tesla they type TL TS LA i believe that's the ticker symbol for it it's just a shortened version of the actual underlying asset so the ticker symbol for S&P 500 is ES the ticker symbol for NASDAQ 100 is NQ the ticker symbol for Dow Jones which is uh US30 that's YM the ticker symbol for gold if you want to trade gold is GC the ticker symbol for natural gas if you want to trade natural gas is NG but that's basically what futures contracts are now let's hop into how do you actually calculate your risk what do these future contracts um mean how much do you need inside your account what does each tick mean what even is a tick let's hop into that right now so how I do that is by using this website right here it's actually by Trade of Eate i'll leave the link for it or you can type this in your browser but I'll leave the link for it inside the description of this video um but this allows you to look up any futures contract that you want to trade you get to see the margin requirements that you need you get to see how much each tick is worth um let me actually pull this up so you guys get a good view of it i can walk it through uh for you guys but um let's say I'm looking at GC which is gold i can press search right here and I'll press it right here so over here breaks down all the information about this futures contract now I know this might look a little confusing um but trust me it's really not you're really not going to have to come to this page very often once you figure out the pairs that you're going to trade and you put that in your trading plan and you learn them um but it starts off by telling you the value per point as in how much dollar amount uh you'd gain or lose depending on the point movement for each point movement sorry um it shows you the monthly codes here as well it shows you how much is each tick worth and I'll show you guys what a tick is on gold here in a second and then you don't really have to pay too much attention to the trading hours we went over the trading hours already but markets open at um 500 p.m central Standard Time on Sunday um and every day they open up at 5:00 p.m central Standard Time then they close at uh 400 p.m central Standard Time and it's from 4 until 5:00 when the markets are closed um then it's open all throughout the rest of the day for that obviously markets close from Friday at uh 400 p.m all the way up until Sunday at until it reopens at 7 on Sunday at 5:00 p.m um so it's completely closed on the night of Friday all of Saturday and the morning of Sunday and that's for all pairs on futures so just be aware of that shows you the fees here as well then it shows you the margin so what you need to worry about is the day margin unless you plan on holding this over multiple days over over a day over when the market closes this is how much you'll need inside your account to hold that trade open but if you're just day trading this how most of you guys are going to be 95% 99% of you guys are going to be trading it this is how much money you need in your account to open up one GC contract you need $1,000 in your account to open up one contract that doesn't mean when you open up one contract that you lose your $1,000 because we have our stop losses in place we have all these things that just means in order to open up one position of one contract you need $1,000 inside of your account now I mentioned to you guys tick value over here it shows you what each what's um basically what determines a tick movement and show you how much that is worth if you open up one contract so let's go to a gold chart right now and um let's open up this long position so let's say I open up a buy right here and uh this is my stop loss this is my take-profit right i told you guys if you hover over here the middle number is the tick amount right here i'm my stop loss is 43 ticks away so what you would do is calculate that 43 times this $10 cuz remember each tick is worth $10 so you do 43 * $10 you're risking $430 on this trade to make 136 ticks times $10 whatever that amount is uh $1,360 uh so that's how you calculate the tick amount now the tick amount I told you guys is a 0.01 movement and this is for gold this changes depending on what you're trading and I'll go through a couple examples um a 0.01 movement is considered one tick so if you see right here on the right side it's 3 point right now the price of gold is 3.226 uh or $3,226.7 when this moves so right now it's at 7 when this moves if this moves anytime soon right now it's a little later on the day so it's not much volume we're just going to sit here until this moves at this point because this is absolutely crazy never mind yeah so when this moves from 7 to 08 that's a one tick move so you'd be down or up um $10 depending on if you were buy or if you were to sell so if this moves from 3226.7 to 3226.8 like it did just now you'd then be up one tick and one tick is worth $10 now keep in mind this is per contract you need $1,000 to open up one contract with this but you can open up multiple contracts let's say I open up 10 contracts on this so then each tick movement wouldn't be worth $10 anymore since I have 10 of them each tick movement would be worth $100 and then you do the math 100 times 43 or whatever your stop loss is or whatever your takerit is now you get used to it and you start realizing and remembering what each tick amount is so you don't have to go to this website to see okay gold each tick is $10 um but this is a valuable website to have and look at now if we go back here you're going to see that all them are different so if we go to NQ go to search press NQ you can see that each tick to be considered a tick movement is a 0.25 movement and that's worth $5 so if we go to NQ here and let's say we bought right here stop loss is below here take profit is up here this is 200 ticks so this would be $200 time $5 which is $1,000 if I open up one contract on NQ um value per point you don't really have to worry about that a point really just means per whole number movement so most time ticks are after the decimal so this is 18847 something and each tick movement is 0.25 but each point movement would be like 18846 going to 18847 that's a point movement and um this moves in 25 increments so 25 50 75 then a whole number so out of each point there's four ticks and as you see here $5 per tick five time four comes out to that value per point which is $20 per point that's why I say you don't really have to worry about it you get the same um calculations when you measure it by tick i like measuring it by tick it is a little bit more um what's the word um detailed I should say um so like you here on NQ the day margin to open up one contract is $1,000 if you hold it overnight $34,000 is what you need inside your account um if we go here to YM you'll see each tick value movement is one which is one whole number and it's $5 per tick if we go to YM here and let's say we do this our tick amount is 70 and let's say our stop take profit is up here is $319 you do those numbers times $5 um the day margin in order to have to open up one contract is $500 um and then obviously to hold it is $11,440 and so on and so on and so on you can keep doing this to whatever pairs that you're actually trading you'll be able to see how much money you need in your account and the dollar per tick that's what I pay attention to most of the time now some of you guys might be saying "I don't have $500 in my account i don't have $1,000 in my account." If that's the case you can trade Forex you'll have a much higher leverage you don't need as much money in your account or there's many versions or what they're called is micro versions of every single pair or every single um futures contract that we just went over so we went over NQ right we see NQ right here you need $1,000 in your account and each tick is worth $5 there's any single thing that you're trying to trade NQ GC YM ES whatever you're trying to trade if you put an M in front of that and then type in the ticker so let's say MNQ press search you'll see we have the micro version it's always going to say E- mini m in is just the the futures contract but micro is simply onetenth of what the regular contract is so what I mean by onetenth is that instead of $1,000 what you need in your account to open up one contract you only need $100 in your account to open up one contract same thing with the ticks so instead of it be being each tick being worth $5 it's the same tick movement so it's the same 0.25 movement but that 0.25 movement is onetenth of what it was on regular contracts so instead of it being $5 it's 50 cent per tick movement um so this is great for people who don't have bigger accounts i tell you I tell all my students when you're new start off with micro contracts i don't care if you're trading micro NQ micro ES like I said you just put an M in front of any of the tickers that you're trying to trade and the micro version will pop up um regular ES contracts you need $500 in your account to open up one contract and it's $12.50 per tick movement but obviously we're on the micro version of it so it's onetenth of it and it's um $50 in your account to open up one contract and $1.25 per tick movement now keep in mind the charts will most of the time be the exact same so if you're trading on a M a YM chart you can actually a MYM chart will be basically the exact the the exact same so if you're trading on a YM chart you can just stay on a YM chart and trade it and then just open up MYM contracts on your broker or you can go to the actual chart and type in MYM and you'll see it here and it's like I said basically the same exact thing um it might be off slightly by like a couple ticks but for the most part it's the same now I would suggest for you guys to if you're going to trade micros trade on the micros chart but um if you already kind of marked up all your charts on let's say regular instead of the micros it's not that big of a deal while you're transitioning all them all your drawings and stuff over to the micro versions of those charts but that's how you see the u margin requirements as far as for uh to calculate your risk and calculate your profits and also know how much money you need in your account to open up one contract now obviously like I said you can open up multiple contracts and this tick amount uh dollar amount will change depending on how many contracts this is based off of one contract but that's how you do the calculations so you plan out your trade and after a while you get to know and remember that on my each tick is worth $1 so this contract or this trade right here if this is where my stop loss is is 87 takes 87 time $1 i'm risking $87 on this trade and you get very used to it um it's just getting familiarized with yourself in using this website like I said I'll put the link for it inside the description of this video so you guys can go straight to it without having to type all this out um you can go through here and find any futures contract that you want and it'll tell you all that same information and now that we have that information and know where to get that information now we can talk about one of the most crucial parts of not just becoming a day trader but becoming a consistently profitable day trader it's not having the perfect strategy it's not winning every single trade it's with proper risk management and I try to explain this to all my students especially my new students that realistically you can be extremely profitable with a 20 30% win rate if your risk management is on point and you're cutting your losses very very quickly and letting your winners ride out you can be extremely profitable with a 20 or 30% win rate i know someone with a 30% win rate who is making over $3 million a year day trading and that's not a huge win rate at all but it's all about having the proper risk management so I'm going to dive in and show you guys my suggestions for you to have proper risk management what that looks like because as I explained to you it's one of the most important things for you to focus on when it comes to uh your trading so the first thing here is if you are a new trader we're going to go through the steps and how I walk through my students how I walk through uh my inner circle people i'm going to walk through the steps on how I usually take people if you're a complete beginner and I'm assuming if you're watching this video you are a complete beginner because this is made for complete beginners or uh intermediate traders who are just not profitable yet if you're not profitable yet or if this is uh you haven't actually started trading yet I always suggest for you to start on a demo account now I say start on demo account and stay on this account for at least two weeks i suggest and I suggest and I will continue to suggest at least a month but two most people cannot make it to a month i told y'all I've worked with tens of thousands of people and I could probably count on two hands how many people have actually waited to get to a month to start on a demo account and the reason why it's so important and why I try and drill this in people's mind is because in the beginning of my trading I was on a demo account for about two days and there's this thing that we like to call in the trading industry demo luck right and obviously there's beginner luck in the real world but it's even worse when it comes to trading because on demo account you feel like you are Warren Buffett right i'm talking about you just learned how to trade you barely even know what support and resistance is and you just made $100 million on the demo account so what that does is it gives you confidence that you should not have as a trader so after my two days on a demo account I loaded up $15,000 into a live account because I was making like 13K 14K per trade on a demo account keep in mind I was overleveraging what I mean by overleveraging we'll get into this a little bit later on is risking way more than I should have on the demo account i was not really taking trades i was just randomly hitting buy or sell and because I had such huge position sizes if the price just moved slightly in my direction I was up 13 14K i ignored when I was down 70k on demo accounts and closed it out at a 15k profit or whatever it was but um I ended up loading up a real account with $15,000 in it and I blew it and what that did for me is it set this this this light in my head where I'm like I got to get it back and when you get in that mindset of revenge trading I told you guys one of the biggest downfalls of us traders are emotions and impulses impulsiveness when you get in that emotional mindset of revenge trading that's what we call it um you don't think straight you don't make good decisions so it's very important that you don't get in that phase so I got in the phase of trying to make $15,000 back so I loaded up another 10,000 in there lost it another 15,000 lost it another$10,000 lost it i was down about $60,000 within two weeks of me starting learning how to trade and it's all because I jumped to a live account way too fast so this is why I tell people and I try and get them to not get in this mindset um the skill will come trust me the sorry the money will come get the skill first the market isn't going anywhere the market's been here longer than everybody watching this video has been live well majority of people that's watching this video has been alive it's not going anywhere anytime soon learn the skill worry about making the money later trust me it will pay off so I suggest for everybody if you're a complete beginner to start on a demo account for at least two weeks minimum i suggest a month though then you're going to want to go to a small live account and scale slowly so what I mean by this is go to a small live account $200 $300 account and scaling it slowly every two weeks if let's say you start at a $300 account every two weeks if that account is over $300 you put another $100 in there i don't care if it's at $310 you put another $100 in there you reward yourself after two weeks of profitability so then you're at $400 after two weeks if that account balance is over $400 then put another $100 or another $200 and keep doing that till you get to $1,000 account balance now keep in mind you're not trying to flip this $300 account into $1,000 majority of the profits that you're going to see is when you're putting that extra hundred or that extra $200 in after you had a profitable two weeks now the reason that why this is important is because it gets you used to trading real money without having you um going all out and putting a bunch of money into an account which caus you not to have to lose that huge amount to then chase that huge amount if you don't end up getting yourself in that revenge trading mindset in the first place you're good i promise you you're good you do not want that cuz for your entire trading career for the first year first two years you'll probably be chasing that $10,000 that $15,000 that you put in there so start on that small live account and scale slowly and what you have to understand uh because people will say this all the time they're like "Yeah after the two weeks my $300 account was only at $360." They're like "That's nothing that's 20% in two weeks." I'm going to go into here in in a little second how 20% in two weeks 20% a month can literally change your life like I'm talking about give you way more money than you thought so if you look at it in percentage bases versus in dollar amounts trust me you'll be proud of yourself that's why I said if it's at $310 after two weeks that's phenomenal that is great as long as you're using the proper risk management so next thing is um once you do that and you scale to that $1,000 account by putting more money in there rewarding yourself every two weeks then you decide if you're going to want this is when you can actually start making money that first phase that that small live account you're not trying to make money you're proving to yourself and getting used to to actually trading with real money and the emotions of real money after you finish that and get to that $1,000 next you decide this is where you veer off and decide how you're going to make a crazy amount of money with trading there's one thing called a prop firm which we're going to go over in a second which is probably what I suggest to most people the other option is to fund a larger account so put way more money inside of account like 10 15 $20,000 into an account and start using that to then start making money and be able to live off of those funds quit your job do everything whatever you want to do with that um but it's only after you did that demo account and it's only after you were on that small live account and proved to yourself that you were profitable with that small live account that's when you go and make this decision to use a prop firm or fund a larger account you're not supposed to go straight from not knowing how to trade to then just randomly buying a prop firm or putting 20 20 or $50,000 into an account i promise you you're just going to end up blowing money you need to learn the skill first and then use these tools to make you way more money now if you're on a live account what I suggest a good rule of thumb is to risk no more than 3% of your account per trade so if you're on that um let's say you you load $10,000 into an account this just for simple math you should not be risking more than $300 per trade there's no need to do that especially as a beginner now of course when you get more comfortable and more profitable as a trader like I risk more than 3% inside my account but I've been doing this for eight years but as a beginner I would not suggest you risking more than 3% per trade now obviously like I said when you get more experience and you get more confidence and you've been doing the back testing and you have your strategy that has this certain win rate after you've tested it over 500 trades over 200 days whatever it is you're more confident in it then you can up that percentage get wherever you want i really don't go anywhere over like 10 to like 12% per trade i really don't go much over that depending on my account balance um but obviously it's not at 3% anymore but that's what I would suggest for complete beginners risk no more than 3% because that gives you enough breathing room to lose a couple trades you're a beginner you're going to lose a bunch of trades no matter how good the strategy is that I've showed you guys no matter what I promise y'all I give you the checklist i I'm pretty sure some of y'all are going to just not follow the checklist and then you're going to end up losing more trades than you should have which is perfectly fine it's the learning curve um you're going to get tired of losing and follow the checklist um very very fast especially if you're doing that consequence that I mentioned to you guys earlier inside this video but like I said risk no more than 3% it'll give you a lot of breathing room and it won't make you feel like you are actually betting the entire house and that kind of goes into the next point that I wanted to say do not put money in your trading account that you need if you think this is like a get-richqu type of thing and you could flip your rent money to have a year's worth of rent money in two days you're going to lose all of your rent money and it's not going to be good so do not put any money into the markets that you are not comfortable seeing burn right in front of you i'm talking about if you decide to put $1,000 in in account can you picture yourself watching this thousand dollars burn because ultimately that can happen obviously I've given you all the tools to make this make that very very very very unlikely but if you decide to just disregard the tools I've given you the information I've given you and you go on tilt tilt as in you just you don't follow your trading plan anymore you don't follow risk management you don't follow anything you can lose all of the money inside of your account and we do not want that so do not ever put money that you absolutely need inside of your trading account so I mentioned prop firms but let's dive into exactly what they are and why they are literally game changers for every single trader in simple terms prop firms give us as traders the opportunity to pray pay a small amount of money let's say $500 $600 to trade with capital as high as $200 $150,000 um $200,000 $250,000 with certain prop firms now the way that they do this is you pay a cert a set fee to have an evaluation or a challenge most of the time where you'll pay that $500 and you pay that $500 to have the opportunity to prove to this prop firm or prove to this company that you can actually trade and once you prove that you can actually trade and that's that's you're proving to them that you actually trade by hitting certain profit targets and not losing a certain amount of money before you hit that profit target then also some other small rules that um they have on their websites and things like that so that's basically the gist of it you're paying $500 $600 to take a challenge and prove to a trader or prove to a prop firm or a funded account is another word for them prove to a funded account that you can actually trade and once you prove to them that you can actually trade they will let you trade with let's say 100 or $150,000 account and all the profits you make on that account you keep a majority of the profits some of the prop firms are you keep 100% of the profits some profit uh prop firms you keep 90% of the profits some you keep 50% of the profits it all depends on the prop firm and there's so many different things um to go through on the prop firms to understand them in the most in the best way possible depending on you as a trader but for the most part that's it so you're paying a set amount of money to make a ridiculous amount of money if you think about it if you remember what I was just saying 20% in a month is pretty great 20% on a $150,000 account is $30,000 in a month and the only thing you had to pay the only money out of pocket for you is that $500 or $600 fee that you have to pay to get access to take that challenge to pass that challenge and get funded now these challenges are not easy right they're not like you come in here and you just randomly make money right that's not how it works these challenges are built to filter out people who can trade and people who cannot trade and then once you pass the challenge most of the time if the proper does have a challenge most of the time you pass the challenge then you have to make more money and then that money that you make on top of it you can um withdraw a certain amount of that some of them will start off with smaller withdrawals that you could take then when you're more consistent with your trading you can take out bigger withdrawals and things like that there are a bunch of different prop firms like I said uh we'll go over a couple of them here but I just want to go over a couple of the benefits of them so as I told you they give you capital you do not have to load up your own account you if you don't have $50,000 $100,000 $150,000 you can leverage other people's money which like I said is extremely beneficial um we all know like with real estate you're not supposed to just go buy your house cash right you want to leverage other people's money use other people's money that way you can actually buy more of the asset so same way when it comes to trading um it's honestly if I they I didn't have prop firms or I wasn't aware of prop firms when I first started off trading in the beginning um if I did it would have been a lot easier and I wouldn't have lost that $60,000 of my own money um but yeah so they give you capital you can trade with their capital the nice thing is that they kind of force you to have risk management because I mentioned to you guys that they have their own rules you have to make this amount of money without losing this amount of money and doing this and doing this and doing this so they give you a set amount of rules so it forces you to have risk management because you don't want to lose the account if you lose the account you then have to pay that amount again now keep in mind a lot of people ask me this when it comes to funded accounts if you let's say you have a $100,000 funded account if you lose $3,000 on that account you don't actually lose $3,000 you don't have to pay them $3,000 you don't have to uh they're not going to come after you or nothing like that you just lose the account you blow the account is what we call it when you blow the account you can simply just buy the account again or retry it you can actually pay a reset fee and reset it and start the challenge all over again so as you can see this can be a very very very very beneficial um thing for us as traders to be able to leverage other people's money while limiting our downside because no matter what if we paid $600 for that prop firm challenge if we lose $20,000 on the account most of them would not let you lose $20,000 but if you lose $20,000 on the account you didn't lose $20,000 you only lost $600 out of your pocket and that's one of the the um just the the biggest benefits when it comes to prop firms um like I said they also force you to have risk management because you have to follow their rules to pass their challenge uh it also lets you use other people's money to make money which is what we've talked about leveraging other people's money you don't have to put $20,000 of your own money into an account $100,000 of your own money inside of account you can pay that fee make money and withdraw percentage of the um the profits and the prop firm keeps the other percentage of the profits uh you don't have to risk your own money um and you have account resets which like I said you're not losing all the money you're not buying $150,000 account losing $10,000 and now they're coming after you for $10,000 that's not how it works you don't the only thing that you are accountable for is when you pay that challenge fee and if you want to reset it you can reset it uh so that's some of the benefits of a prop firm we're going to get into exactly how to pass a prop firm here in a second but I want to show you guys my favorite prop firm to use and there's a reason why it's my favorite prop firm to use because it's my prop firm if you guys have been seeing up here um the edgefinder this is my prop firm it's built by a trader obviously me for other traders and I built it because I've gotten multiple payouts tens of thousands of dollars from payouts from prop firms i've seen the good about it i've seen the bad about it and I decided to instead of kind of just being upset more so about the prop industry or um certain things I didn't like about specific prop firms there are great prop firms out there don't get me wrong but there's certain things I don't like about prop firms that I really wanted to give um a different option to people that benefit traders more so than um just benefits the prop firms so I built my own prop firm um I had the best team inside the world build this prop firm the greatest thing one of the best things about this prop firm is that I mentioned to you guys most of the times you pay $500 $600 and you take a challenge you take that challenge you have to pass the challenge once you pass the challenge you then have to make profits again because when you pass the challenge they reset the account let's say you you start at $150,000 account um when you set when you pass the challenge and let's say you get it to the the profit target of $150,000 account profit target is usually like $159,000 so let's say you get it to that once you pass the challenge they then reset you back down to a $150,000 account and you have to do it again and then you can start taking profits on top of that $9,000 if that makes sense um and I wasn't really a big fan of that i wanted people to be able to purchase the challenge start making money pass a payment threshold as far as pass a certain amount inside the account and everything above that account that they make they can keep it that's why I built the EdgeFunderer which to me is obviously the best prop firm out i'll go over a couple other um reasons why I love this prop firm why I truly would suggest it for every single person watching this once you've went through your demo phase once you went through um all the other phases the small live account then coming to a a live a funded account sorry a prop firm account specifically for the reason that this is the best option for um to scale your trading after that so um we have no challenges on it so not a single challenge you don't have to pass a challenge you don't have to hit a certain profit target and then prove to us that you can trade we are calling all really funders that have or sorry traders that have an edge already what I mean by edge and why this is called the edge funder is because an edge is a strategy that works i teach on my YouTube channel strategies that work so I attract people who have an actual edge inside of the market people who have um the ability to trade and want to be able to leverage how much money they're making with their trading without having to worry about challenges so we have a direct funding where you come in here you're able to purchase a $50,000 account a $100,000 account and $150,000 account and you're able to profit after you reach a certain threshold inside of your account once you reach that threshold all the profits on top of it you can start taking payouts on you can start withdrawing that money same way applies to this if you buy a $100,000 account let's say you lose $3,000 account $3,000 you don't owe our prop firm $3,000 you would simply just have to reset your account and you can try again now I want you guys to take this with a grain of salt just because you can reset your account does not mean I suggest for you to go and keep blowing accounts blowing accounts blowing accounts trying to get lucky that's not how this works and that's only going to make you end up losing money the goal of this is to get you guys to end up making money so that's why I said for you guys to go through that step by-step process of starting on that demo account then going to that small live account and getting consistent with that and building your confidence in your trading and then go the route of a prop firm or um loading up your own live account to be able to make profits with but this is the prop firm that I truly would suggest i will leave the link for this inside the description down below um it's like I said it's I've built it to be the exact thing that I did not um well the exact thing that I loved about prop firms and taking away the exact thing that I did not like about prop firms or that I I felt made it way too hard for traders new traders experienced traders to start making money in this space so like I said I'll leave a link for this prop firm down in the description down below but now I'm going to dive into how do you actually pass these prop firms how do you actually get money if you decide not to go with the edge funer and not go with the direct funding where you actually try and pass a challenge instead of going direct to funding we're going to dive into how do you actually do that but the same systems that I'm going to show you guys and the same techniques that I'm going to show you guys are the same things that you can use in here to skip the challenge phase process and just start making money without having to pass the challenge you'll just follow the same steps that we're about to go over right now and you can start actually withdrawing real money into your bank account but yeah like I said I'll leave the link for this inside the description down below and let's hop into how to actually make money from these prop firms so how do we make money with these prop firms regardless if you go with an instant funding like the edge funer or you go with a regular challenge account where you go through the challenges and then start making money on top of the um after pass the challenge it's important that you follow these specific steps cuz as I just mentioned I don't want you buying these prop firm challenges just to lose them and reby them just to lose them to reby them just to lose them that should not be your mindset i do not want that for you guys i want you guys to be able to actually make money with these prop firms and by leveraging their money not just keep feeding them money so how do we do this the first thing and the first suggestion and first most vital tip that I have for you guys is to not trade your funded account every day i know it can get very um you get very excited because you're like "Man I have a $100,000 account right now if I just make $3,000 on it I can literally pay my my car note i could pay my rent i could do all this right?" And I understand that but what that does is that brings emotions in you i will keep saying this you guys will keep hearing this that emotions and impulsiveness will make you the most unsuccess unsuccessful trader in a very very short amount of time when you get in that mindset and that emotion of um overly excitement or trying to rush the process you're going to end up taking trades that are not there you're going to end up saying that you're taking the ultimate support and resistance strategy but you're just taking random trades or saying you're taking the squeeze strategy but you're taking random trades saying you're taking this scalping strategy but you're just literally taking random trades i 100% do not suggest that you trade every single day this should be the funded account that you're using should be used to trade when everything aligns on your checklist what I tell people and what I suggest is if everything does not align on your checklist but you're just itching to trade go on a demo account trust me going on a demo account when you really really want to trade but you know it's not a good setup will save you so much money and it'll get that itch out you'll still be able to feel that that that dopamine hit of you actually trading so don't trade your funded account every day only trade it when it's the good setups uh and everything checks off now when it comes to risk so risk as I said or proper as I said they're going to give you their own rules so a lot of them will be like you can't if you have $100,000 account you can't lose more than $4,000 right so what you want to do is not risk too much money especially as a new trader and this is the the area that I would suggest for most of you guys to be in which is the conservative approach of risking half a percent to 1% per trade and what that looks like is if you have $100,000 uh properform account um you can risk $500 per trade all the way up to $1,000 per trade and that's it right um now if you're more advanced and I have a one right here you can risk one and a half% to 2% on each trade and that's to be more aggressive as I explained here that's for experienced traders only what most you guys should be doing right now at least for the first couple months as traders is risking a max of 1% per trade on your funded account if you have a $100,000 account you're not supposed to be risking more than $1,000 per trade you should really be risking about $500 to $750 per trade on your prop firm account or on your funded account it does not make sense for you to be aggressive and try and rush it because what's going to end up happening is if you're too aggressive and you're not experienced enough you're going to end up risking one and a half to 2% per trade and you're going to blow your account in one day we don't want that to happen we want you to have longevity in this but we also want you to have breathing room because no matter what no matter what strategy you're using you're going to end up losing and there are times when you can go on a losing streak so having your um risk lower allows you to go on that losing streak but still not lose your account like all every single strategy that we went over today the uh ultimate support and resistance strategy the squeeze strategy and the um scalping strategy I've used every single one of them individually to pass prop firms and make money with them so the strategy works completely i've done this multiple times i literally just passed five account challenges cuz somebody had challenged me to do one and they they thought I couldn't do one so I passed five challenges in 4 days or something like that um 4 days 3 days I forget but every and I was using this the scalping strategy for that one so every single one of the strategies can be used to pass prop firms and make money if you're using the instant funding like the edge funer you can pass you don't even have to pass the challenge you can use these strategies to start making money instantly on uh these prop firms but the thing is if you don't give yourself enough breathing room if you go on a two loss a two lose streak or you you you're on a two losing streak that's how you put it if you're on a two losing streak and you overleveraged you lo you risked way more than you should have the account's gone and then you have to buy a new account now obviously it's not the end of the world you don't owe them $10,000 but still you having to keep buying accounts could add up over time and we don't want that so uh like I said be conservative with your trading especially when you're first starting off if you're new to trading or if you're new to prop firms be conservative and then when you're more advanced um possibly you can up that risk to about one and a half% the next thing is to create an altered trading plan specifically for your funded account so we've talked about trading plans and building a trading plan that was mostly mainly tailored towards you having your um own live account because when it comes to having a funded account you need to actually alter that plan just a little bit don't alter it keep that one for your live account but um create an additional one a separate one a copy of it that has a a couple different things that change about your plan one of the ones that I suggest is changing the amount of trades that you can take per day slashw week because if you're risking half a percent per day and let's say you can't lose more than 4% maybe you don't want to take five trades a day because god forbid you lose all five of those trades you're going to be in pretty heavy um negatives and you don't really want that so look over your trading plan before you purchase a funded account or start trading on your funded account or propform account and um see if the rules that you have in your trading plan align with the rules that the properform has as well next thing you want to want to change is the amount you're able to risk per trade because a lot of times in your trading plan you'll put I want to risk $300 per trade but that's you trading with a $500 or not $500 a $5,000 account right versus if you have a $150,000 account you're going to risk more than $300 per trade so adjust that mount amount but don't let it be I'm risking $5,000 per trade now just adjust that amount so uh for instance you're risking $1,000 per trade on each trade now uh for your prop firm and have that separate trading plan specifically for that next you're going to want to choose the most consistent of your strategies so um whatever we mentioned before about back testing and tracking our results we're going to get into journaling all of our trades and how you should be journaling all of your live trades not just your back testing trades we're going to get into that in a second but out of all the trades where you've all the strategies sorry where you've seen your most consistency pick the one that you see the most consistency so if you trade three strategies and this one's good this one's good but this one's great only trade that great one when it comes to your your funded account because that's the one that's going to make you the most money and you don't have to trade those other two you can trade those other two either on your small live account or on a demo account if you really want to trade them but honestly go through your trading plan this why I put etc here go through your trading plan and see exactly what um things you might have to alter to adjust it to your funded account trading plan so like I said don't delete or erase your current trading plan but just create a copy of it and alter it slightly for your trading uh for your prop firm now understand you can reset your challenge but don't abuse it now I've talked about this a couple times already but what I mean is some people will come in here and just hail marry it right they'll be like "Okay I'm just going to make I'mma risk $10,000 on this account i'm going to make$10,000 right it's either I lose 10,000 or I'm going to make 10,000." First of all some prop firms have rules set in place to stop you from being able to just randomly get lucky and make $100 million um but even if they don't have that set in place still don't abuse it because I promise you majority of the time you're going to lose every single time you're going to lose the account have try again lose the account try again lose account try again lose the account try again and you don't want to abuse the whole aspect of being able to reset an account you want to trade this funded account as if it's your live account treat it as if it's like your actual fund like it's if it's actually $150,000 in your account or actually um $100,000 in your account so be very cautious of that next like I said I'm going to double down on this is don't trade your funded account every day only take the A+ setups a+ setups for me is when everything aligns i've given you guys checklist for those three strategies if you guys have my strategies course every single strategy inside my strategies course has been used to pass prop firms and make money by not just me but thousands of my students if you have any of those strategies and you follow the checklist and every single thing lines up that's an A+ setup if one thing's missing it's not an A+ setup when it comes to trading your funded account only take the A+ setups if you really want to trade but everything's not aligning go on a demo account i promise you it'll save you so much money but realistically just be very um cautious of when you're trading prop firms because a lot of people will come into the prop firm space and buy a prop firm and treat it as if they have that demo account uh kind of euphoria that I talked about before these prop firms are not demo accounts these prop firms cost you real money they um it's not just free lying around so don't get in that euphoria just because the number is big just because your account size is $100,000 on a prop firm don't let it get to your mind where you just start randomly taking trades treat this more serious than you would that small live account that you have speaking on mindset mindset is really the most important part when it comes to trading i'm going to beat this in you guys' head until it rings in your head as you sleep every time you close your eyes you're going to hear this emotions and impulsiveness will kill your trading dreams and that all comes from not having a strong psychology so I'm going to dive into my most important and crucial tips for you to become profitable but not just become a profitable day trader but become and stay consistently profitable over a long period of time and the only way you'll do that is with having the right psychology and that's one of the main reasons why psychology is important my honest opinion day trading is over 80% psychology i I've taught 10-year-olds how to trade it's very easy to look at a chart spend a week looking at a chart be able to see support and resistance um trend lines doies all that it's very easy to do that it's just a game of memory the hard part comes in when your mind starts talking to you and when you start getting emotional when you start getting impulsive when you start making stupid decisions that's when the hard part comes in when you start overleveraging risking more than you're supposed to taking more trades than you're supposed to it's not the trading part it's the psychological part now I've said this multiple times but once you are profitable on a demo account you know how to trade already and why I say that is because most people that trade on a demo account and they treat it like they treat it like a real account they're trading with no emotion they're just seeing their setup taking it seeing their setup taking it waiting for their setup taking it when it when it shows itself that's it they don't have any emotions behind it because they don't they don't care like they don't if they make $100,000 on this on this demo account they do not care they don't get $100,000 so they're trading with no emotions which is what we need to translate into trading live the problem is most people will be profitable on a demo account then as soon as they go to a live account they end up losing all their money i've seen this countless times even going back to prop firms most people can pass that challenge but as soon as they pass that challenge and they start realizing in their head "Oh snap this is real money if I make $10,000 right here I can go get a scat pack i can go to the Lambo store i can buy a bust down freaking bracelet or something like that their psychology starts getting into it they start forcing trades they start rushing into trades they start overleveraging on their trades risking more than they're supposed to um so it just becomes a very very very toxic environment but I've said this before and I'll say it again once you're profitable on a demo account you know how to trade you know what support and resistance is you know the checklist strategies you know how to how to spot trend lines you know what a dogee is you know what a hammer is you know what a uh bullish engulfing is you know what all these things are you are a you were able to be profitable on that demo account but once you go to that live account your psychology is not in check we're going to fix that within the next couple minutes once you start focusing on psychology day trading becomes much more profitable much less stressful and much easier so let's exactly how we do this so mastering psychology is different for everyone we all have different personalities so we will all struggle with different aspects of trading mentally and honestly why mastering trade why mastering our psychology is so hard is because trading is a you versus you game nobody is holding you accountable i just told you guys this nobody is holding you accountable nobody's keeping you disciplined except for you and if you're not doing it no one's doing it because it's a screen right here it's a chart right here and it's me right here there's nobody here saying you shouldn't take that trade because it doesn't follow the checklist there's no one here saying you shouldn't risk that much because that's above your uh trading plan or you shouldn't take that that many trades because of your trading plan says do this it's only you that's holding you accountable and that's why it's so hard for most people a lot of people and I' I um I made this analogy before a lot of people are super disciplined in other areas of life and then they come into trading and they realize they're not that disciplined uh like I would consider myself a very disciplined person and I've been a very disciplined person since I was a kid even with working out um with learning new skills I'm very very disciplined i could hold myself accountable to a lot of things but when it came to day trading when I first started off I'm talking about that discipline went out the window i didn't even know what discipline meant i didn't even know how to spell discipline at that time as soon as I started trading and the reason is is because a lot of people are disciplined by force as far as you're a good student in class because you know your teacher's watching you're a good employee at work because you know you're dis you're a disciplined employee at work you never you never come in late you never um steal pens from the office you're super disciplined at work but that's because the boss sees you the boss is holding you accountable your your manager is holding you accountable so it's not that you're disciplined it's your discipline knowing that somebody else is there so when we come into day trading and no one's there it's just you you realize just how disciplined or undisiplined you are but that's really why mastering psychology is so hard because you you realize that and you come to that realization now as I've said I've helped countless amount of people start trading and become consistently profitable and speaking to these thousands of people I've realized that most people only struggle with two to three things max and the craziest part about it like the the most ludicrous part about it is that they already know what they are struggling with when I say this most people will struggle with two to three things max for example a lot of people will struggle with overleveraging a lot of people will struggle with taking too many trades every single day a lot of people will struggle with jumping from strategy to strategy to strategy most of the time it's not more than three things those are just three examples but it's usually a mixture of two or three things and other things that I didn't mention but most people struggle with two to three things max and the craziest part is that they come on the one-on-one calls with me and they tell me what they're struggling with what's causing them to lose money they know what it is that's holding them back from being profitable yet they still continue to do it and that's the life story of a lot of traders and this is what this section that we're about to go through is going to eliminate out of you you're not going to have to go through that um because once you realize this is what I try to explain to my my students and my mentees once you realize that you continuously opening up five trades instead of two trades in a day is causing you to be unprofitable if you just stop doing that you would be profitable like people work years to become profitable traders but if you just stop doing that one thing that two things you instantly become profitable and I've seen this happen so many times when when I finally get that light uh light bulb to click in people's mind just stop doing those things and you're profitable and this is what we're going to get you to do so you don't even have to go through that let's fix your psychology here so when it comes to trading think in terms of probabilities understand that while trading a trading method might have a high probability of success it does not guarantee success in every individual trade think of it as rolling a dice we talked about before if you have a 90% win rate that means nine out of 10 trades you're going to win you still don't know when that one time is going to happen and just because you have a 90% win rate doesn't mean that that one time can't happen two times in a row or even three times in a row so think of trading as a probability game not as a I'm taking this trade and I'm going to win this trade game that's that's you're going to be let down every single time that you lose so think in terms of probabilities there is not a direct relationship between trading patterns and the outcomes of individual trades clarify or I'm I'm emphasizing individual trades because and that's why I suggest when you're back testing to do it over a span of 50 days that way you get a data of 50 to 100 trades because you want to see the data of a 100 trades not the data of one trade because as I just said we cannot guarantee that our next trade will be profitable what we can guarantee from what we've seen before is that over the course of a hundred trades I will win majority of those trades but that doesn't mean that every single trade I'll take will win there is no direct relationship between trading patterns it could be the perfect setup A++ million setup and it will still lose and that's perfectly fine that's just something that we have to deal with you also have to develop a carefree state of mind in trading now I need to make you guys aware of this this does not mean being careless but rather trading without the fear of losing as fear can cloud judgment and lead to poor trading decisions fear is an emotion we don't need fear of losing we need to every single time we see a trade happen we need to roll the dice we need to take that trade because it's our profitability is not in one trade our profitability is in taking that strategy a 100 times and seeing that 70 times out of 100 times we made money so the only thing we can do regardless if we're scared or not is continue to take that trade every single time that that trade sets up because every losing trade we have every winning trade we have takes us closer to that 100 trade mark now I keep saying 100 trade obviously you don't have to get to 100 trades it's just the number that I'm using and for you to think inside of your mind I'm not looking at the individual outcome of this specific trade i'm looking at what's my P&L the last three months what's my profit and loss or my win rate the past 100 days that's what you should be looking at not what happened on Tuesday or not what happened on Wednesday because you will get very very very discouraged if you have a losing day next is to have a bulletproof trading plan now we already went through this extremely in-depth i that's why I put the um the trading plan first so that we could go over that and you guys completely understand that so make sure you have a bulletproof training plan one that has actionable steps on it things that you understand and things that you will um continue with now let's go through these actionable steps to help with your psychology so first thing is to read over your trading plan before you enter the trade your trading plan means absolutely nothing if you don't remember it if you don't have that consequence and if you don't hold yourself accountable to doing that consequence that you had to do because you um didn't follow your training rules so what I suggest for you to do if you have it typed out on your computer have it open right before you enter a trade every morning before you hop into the trade and I'm going to go through exactly my kind of routine and how I set up my trades or how I set up my day when I'm getting into trading a little bit later on this video but every day when you're going to your computer to start trading read over your entire trading plan first so it's refreshed in your mind and you can recite it back to yourself without having to read it that's the first step the next thing is to create a personal plan of the trade before it happens so this is different than creating a trading plan an overall trading plan create a specific plan for that trade what I mean by that is if let's say you hopped in a support or resistance uh trade let's say you hopped uh in for a buy and you have three take-profit levels create a plan that says when it hits TP1 I'm going to move my stop loss to here or when it hits TP2 I'm going to take some of my profits off when it hits TP3 I'm going to close it or if it's if it's going really fast through my last TP I'll um TP stands for take profit if you guys didn't know by now um I'll continue to hold it a little bit longer to make more money so create an individual plan for that trade because what ends up happening is that when we enter when we enter trades we do not become smarter we become much stupider we make really bad decisions when we're in a trade so have your plan set in place first for that trade before you hop into that trade and those emotions start kicking in and you start making bad decisions that way you're not it that way your trade isn't hitting TP1 and you're thinking "Oh what should I do what should I do?" You're you already know what you're going to do because you have that inside of your trade plan for that trade now that this can vary from um when are you going to um exit early like if you say if it gets to like 12:00 p.m i'll close my trade out early or something like that just have that plan beforehand so you're not making impulsive decisions um while you're in the trade itself switch to a higher time frame after entering your trade and the reason I say to do this is because it's another uh reason because uh we don't get smarter when we enter trades so let's say you entered your trade on the one minute time frame sitting there and watching one minute time frame candlesticks can really really um stress you out because it could be going in your direction then have one big candlestick that goes against you and you think your entire life's over and you're ready to close a trade out and miss out on all the profits that you were planning to make just because of one small retracement so what I suggest for people to do is uh switch to a higher time frame because you don't see as much of the noise noise as in the smaller time frames and all the smaller movements you just see the overall picture which helps you if you're on the right side of trading which you should be and what we've talked about a lot um it helps you to be a lot more calm when it comes to your trading the next step the next thing is to imagine your stop-loss as money you already spent to enter the trade so instead of thinking in your mind okay I'm entering this trade and I could probably lose $500 on it i'm risking $500 think of it more so as I spent $300 to enter this trade that's how you should be thinking about it i spent $300 to enter this trade not I'm risking $300 because what ends up happening is you start being in the wrong mindset and when it starts going against you you start moving your stop loss in direction in the opposite direction cause you to lose more money or just make more impulsive or bad decisions so automatically think in your mind as soon as you press that buy or sell button and enter into a trade whatever your your stop loss was after you did your calculations calculating the ticks um or use trade locker and it did it automatically and you saw negative $533 as soon as you're pressing that that button to enter the trade just imagine that $533 left your account or that $1,000 left your account that's how you should think about it the next thing is that realize um that winning or losing um as long as you follow your trading plan it was a good trade now I used to write inside of my book i used to carry a book around in my pocket um every single where I went it was a small book and it had a to-do list on it along with um like when I read the Bible and uh just things like that i have notes in there all throughout the day um I used to write I used to have a to-do list on there and my to-do list would always be to make money day trading that was it like when I first started off trading I my to-do list was to make money day trading but then I realized no matter what if I do everything perfectly I could just not make money that day trading and I didn't fail i didn't do anything wrong i followed my trading plan i just didn't um it just didn't play out in my favor which happens remember our whole analogy of we have a 90% win rate we don't know when that one time is going to come so instead I changed my mindset and this has helped out a lot with every single day I go into the markets i just want to be proud of my trades and the only way I'm proud of my trades is if I follow my trading plan to the tea if I waited for my checklist for my entries if I had the proper risk management that makes that a good trading day that makes me proud of my trades and that's the same way that you should look at it because no matter if you have an A++ a freaking million plus setup you can still lose and that's perfectly fine you did everything right after you're journaling and going back and and looking over it and you're like that was a good trade you should not be upset that you won or upset that you lost that trade no matter what the outcome was same way if you win a trade but you didn't follow your trading rules that's one of the most dangerous things that you can actually do because it gives positive reinforcement to negative behavior and you do not want that cuz you don't want to think your head now okay if I break my rules again I might win again and I might make more money by breaking my rules like you associate a good outcome with a bad action and you do not want that so avoid breaking your rules at all to not even give you the chance to win by breaking your rules and getting in that that mindset um but yeah always come into the market to be proud of your trades and to have good trades not to win or lose on your trades now another step that I have for mastering your psychology and helping with your psychology is walk away from your PC or your laptop after you enter your trade um because sitting here looking at your charts you really have to think about this sitting in looking at the chart go up and down you seeing your profit and loss go up or down you doing that does nothing like you don't control the market you can't make it go up higher you can't make it come down lower you doing it does nothing except for stress you out so what I suggest to people is to just walk away from your computer close out your your trading view close out your trade or your your um trade locker uh website don't even look at it what you can do because you don't want to just leave it blind obviously set your stop losses always have your stop losses and always have your take profits but set alerts at your key levels what I mean by key levels is um set an alert at your stop loss so that when you your stop loss hits you get notified to your phone i showed you guys how to set up stop losses or sorry how to set up alerts on Trading View um so make sure that you are using those alerts if you walk away from your PC or your laptop set alerts at your stop loss set alert at your TP level if you have multiple TP levels set alerts at all those if you have places where you think that you might want to exit your trade at because you think it might reverse set an alert at that point that way you don't have to be sitting there looking at your computer but you're not being oblivious to your trade if that makes sense the next step is to switch to hyenashi candlesticks or all black candlesticks after entering a trade now I went over some of the benefits of hyenashi candlesticks because it smooths things out you don't see all the noise as we just talked about earlier inside this video um so it makes you less stressed when holding your trade as long as you're it's obviously trading in your direction overall or another tactic that people use and I tried it out for a little bit i didn't really like it too much but they switch it to all black candlesticks after entering a trade so they switch it instead of it being green and red they'll switch it to all black because when you see like green going against you uh or red going against you it uh just psyches you out even more I guess i don't know for me the black candlesticks thing didn't work too well but I've heard a lot of traders say that it works very well for them so it's definitely something to try out for me hikenoxy candlesticks work uh much better and then lastly you should not feel your heart racing before slash after entering a trade if you do close the trade and re-enter when you calm down you'll make better decisions as I explained multiple times here when you enter a trade you do not become smarter you do not make more conscious decisions you do not become more educated you become stupider so if you enter a trade and you feel your heart racing you start sweating your hands start sweating your foreheads start sweating that means you either overlever as far as you're risking too much that means you're too invested in the trade which should never happen robots do not become too invested inside the trade so you do not want to do that um if your heart starts racing racing before or after you enter the trade um that also means that you just you didn't do enough of your um homework to be like "This is a good trade," or you didn't follow the checklist enough to be like "This is a good trade regardless of our win or lose I follow the checklist i'm rolling dice." Um and I'm I'm adding this trade to my bucket of 100 trades so if you feel your heart racing you didn't do that so if you do feel your heart racing and you notice like dang I'm kind of stressing out right now close the trade out re-enter once you've calmed down and you've assessed to realize that this is a good setup or you might realize I should have never taken this i shouldn't have risked this much i should not be doing this let me close this straight out and I'll come back here tomorrow um when I get in my right senses i don't know but this is a very very very key tip that I give to a lot of my beginner students and a lot of my beginner mentees because a lot of them will come to me and say "Man I feel like I'm about to have a heart attack when I'm entering trades or I feel like uh my hands just start sweating i stand up from my seat and it's just a puddle or something like that." Um if that's happening to you it was you're not in the right mind space you're being very emotional very impulsive and as I've said 100 million times that is not good so if you feel your heart racing before after before after entering a trade close it out and one of the best ways to actually be confident about your trades and not have that heart racing or uh have to deal with a huge barrier with your psychology is by trusting your trades and now I mentioned this before we need to journal our trades and journal our trades correctly that way we can have confidence in our strategies confidence in our trades that's the main reason why I'm confident in my trading because I have so much data have years backed behind the strategies that I've used that just give me the confidence to not have to be super emotional about my trading but let's get into what is journaling right so journaling your trades involves keeping a detailed record of each trade you make this typically includes the date and time of the trade the instrument traded the entry and exit points the size of the position slash the risk that you had and any reasons or strategies behind the trade and we're going to get into a a checklist for all the things that you should be journaling in a second here but this is the benefits of journaling your trades so it gives you a track record it helps you to maintain a detailed record of your trades including your profit and loss your win rate which can be very very valuable for analyzing your performance over a certain amount of time it also gives you a great overview analysis by reviewing your journal you can actually identify patterns in your trading behavior learn from your mistakes and refine your strategies and really double down on the winning things about your um trading similar to how we talked about in back testing where you see your patterns in your losses you see okay 40% of the time I lose my trades is because I enter too early or uh 50% of the time that I I win my trades is because um it was between the hours of 12 and 1 p.m or whatever it is and you start picking up on those small things and that helps you to refine and optimize your live trading um it gives you emotional control so journaling can help you manage emotions like fear and greed by allowing you to reflect on your decisions in a more rational way instead of you looking at each trade on a day-to-day basis or a trade-to-rade basis you can zoom out and see your how you've been trading over the past week the past two weeks the past month right and that helps you put in perspective um no matter if you had a losing day today that small losing day looks like nothing compared to the monthly chart or compared to the monthly profit and loss that you have um with your trading it also helps with accountability so it holds you accountable for your trades as you're more likely to stick to your trading plan if you know you have to record each trade uh we're going to get into the things that you have to record in a second here but it helps you stay very very accountable because you're going to have to write down why you entered the trade and if you don't know why you entered the trade you're going to be looking at yourself like you're stupid and you do not want to do that so it holds you accountable knowing that you have to write down a reason or try and think of a reason if you don't have a real one um when you're going over your journaling at the end of the day now journaling helps with improvement because it can help you improve your decision-making process by forcing you to have reasons for entering or exiting each trade similar to exactly what I just said it also helps with strategy development it can help in the development of new trading strategies by providing insights into what works and what does not work so being able to look over your journal and see the data on it shows you the things that you should stop doing maybe you should stop trading on Tuesdays like for me I know I should not trade natural gas on Thursdays because of me journaling i've noticed that my win rate drops over 50% on Thursdays when I trade natural gas so what did I do i just cut out trading natural gas simple as that uh it also helps with risk management so by journaling your trades you can assess whether you're effectively managing your risk exposure um there's and we'll get into this a little bit later on but there's platforms that can journal your trades for you and it'll put it onto a nice little calendar that it will break down okay Tuesday March 1st you won $1,000 thursday March 7th you lost $500,000 that's extreme but you'll see like on your winning days you're like you're plus a,000 plus 500 plus 600 on your losing days you're down 4,000 down 6,000 and puts you into perspective to realize I'm not managing my risk properly i'm not risking the right amount of money for the amount of money that I'm making on my winning days so it helps you see that when you actually are journaling your trades um it's great for learning because it could be a valuable learning tool help you understand different market conditions how various factors influence your trading um there's also traders who have noticed from their trading that they are much better at just buying trades versus selling them so they're good at seeing market when it's going to go up but they're not good at seeing the market when it's going to go down so they only really look for buy opportunities there's people that have done that and it's just so much that you can learn when you journal your trades and pull the curtain back so how do we actually properly journal our trades so you're going to want to write and like I said there's platforms that'll do this for you automatically there's one that I've used um for the last couple years i'll leave a link for inside description down below it'll automatically get all this data you'll just have to input one part in there and that's the part and we'll get into this a little bit later on but that's the part where you explain why you entered into the trade but everything else it'll completely automate it for you so you don't have to do it i highly suggest for every single trader to use it i'll put a link for it like I said in the description down below to use that journal um but you're going to want to track if you're writing this yourself on a piece of paper or on a spreadsheet or something you want to track the day and time that you took the trade you also want to track what instrument you traded let's say you you traded NQ or you traded ES or CL whatever it is you want to track the direction of the trade either you went long you entered buys or you went short you entered sells you also want to track the size of the position you took so how many contracts did you open up when you bought or sold that trade you want to write down how much money you risked on the trade how much money you planned on risking on the trade so say you planned on risking $500 you want to write that down and then you want to write down the amount you expected to actually make on the trade itself you're also going to want to write down how much you actually lost and how much you actually made on the trade because we can plan to lose 500 but if we cut our losses short you can write that down as well that's something you'll have to do manually if you do use an automatic system um but it can do it automatically based off of your trading if you uh just to cover the how much you plan on risking part but if you ended up uh sorry how much you actually risk risked part um because it'll show you how much you actually risked or how many how much you actually lost or how much you actually won but it won't be able to track how much you planned on risking um but you do want to track that as well you also want to track what strategy you used when you took that trade you want to um track why you entered that trade as well um as far as did you enter because it broke above a swing high did you enter because you got a bullish engulfing did you see a dogee did you see this did you see that whatever it is you want to write that down because you'll notice patterns that let's say your setups where you wait for a dogee played out more than setups where you entered on a bullish engulfing or where you waited for a break of a swing high or swing low played out better than when you waited for a hammer things like that you'll notice um you also want to obviously write whether the trade was profitable or it was a loss and the amount of profit or loss that you actually incurred or how much you actually lost or won you also want to write how you manage the trade including any changes to stop-loss or take-profit levels when and why you decided to close the trade so this is another part you'll have to put in manually if you do decide to use any automatic journals um you'd want to write down why you changed your trade at all and I don't suggest you really 90% of the time I don't suggest you changing your trade once you're in it that's why I said to make your trade plan that way you have that and you know exactly what you're going to do um but if you do do it some reason uh you want to write down what you changed did you move your stop loss did you move your takeprofit when and why did you decide to close the trade or move your stop loss or take profit just things like that uh you also want to write down the overall conditions of the market so something very short like you could just say it was a news day or a lot of volatility or not a lot of volume um things like that you want to write that down uh because you'll be able to see patterns in days where there's a lot of news you might see that you win more or you lose more you want to write that down and see that to be able to make decisions based off of that you also want to write the reasons for the trade so your rationale for entering the trade including any technical or fundamental analysis that supported your decision that's what we went over and then this is the most um crucial one that I feel like a lot of people skip and I always tell my students to pay attention to this but write why you think you won or lost the trade so if you lost a trade but you think you lost it because you entered too early or because um you entered too close to news events or whatever it is write down why you think you lost the trade and also on the flip side write down why you think you won the trade because you'll see patterns on why you think you won the trade and you'll see patterns on um I think I won it because I saw three green candlesticks and then I saw my entry candlestick or I think I lost it because I didn't wait until the candle closed i just entered in the middle of the candlestick and it wicked me out or it it faked me out whatever it is you want to write down why you think you won or lost the trade so you can see those patterns it journaling is all about seeing the patterns and seeing the data i told you guys before that trading is all about gathering data and making decisions based off the data that you gathered you have to da you have to gather the data with journal with journaling um and then make decisions based off of that data that you did gather so track why you think you won or lost each of those trades if you can do that consistently and then look back on your journal at least once a week i suggest for people to do it on like a Saturday or a Sunday when the market's closed look back on your journal before the next week starts make decisions and altercations alter altercations what is the word and make changes we'll just use that um make changes to your system or your strategy based off of what you journaled the past couple weeks or so if you do see any patterns stop doing the things that um the patterns that you saw on your losing trades and stop doing the things that or and start doing more of the things that you saw on your winning trades um and that'll help you out a lot so read back on your journal do not just write these these things down and journal these trades and never look back on it because that just becomes pointless at this point you need to look at the data it's going to be one of your most best friends i promise you people ask me all the time what was my biggest stepping stone to become a profitable trader and it's when I started consistently journaling my trades and not just journaling them but looking back on the data of the trades themselves and adjusting my strategies adjusting my systems adjusting my psychology based off those things now I have 13 core principles that I completely live by when it comes to my trading if you can adapt these 13 core principles I promise you the journey from going from a complete beginner to a consistently profitable trader will be cut drastically the fourth core principle is take only A+ setups you guys have heard me say this before in a lot of things that I've went over you guys are going to see taking A+ setups cuts out a lot of the noise of bad trades giving money back to the markets and just doing things that don't benefit us on the long run when it comes to becoming and staying consistently profitable core principle number two is trading less means making more now I made a YouTube video about this about a year ago where I explained to people if you look even if you're unprofitable right now look at all the trades that you've taken for the past month all the wins that you've taken all the profits that you made let's say it was $10,000 you could be unprofitable but let's say the amount of wins total was $10,000 but the amount of losses that you had was $12,000 so you're negative you don't even have to make more money you can keep that same $10,000 but if you give away less money or give back less money you become profitable so trading less means more taking only those A+ setups taking only the best setups that means you're actually going to make more money more trades you take does not equal more money 99% of the time it equals making less money core principle number three is to follow the trend the trend is your friend you don't want to trade against all the big institutions you want to trade with them follow a proven plan your plan gets proven when you used it tested it and abide by it over a long period of time that's when you have to completely and stay um you have to fully follow that plan once it gets to that point core principle number five is to journal everything we just went over journaling and how to do it correctly have a set plan for each trade is number six we talked about that the difference between having a trading plan and set of rules and a and the difference between that and having a set plan for each individual trade core principle number eight is to have a strict set of rules that's all part of your trading plan a strict set of rules as in if you say you can only risk $300 per trade you stick to it if you can only take three trades a day you stick to it if you can only trade NQ and ES you stick to that core principle number nine is don't be afraid to pay yourself and you would think that most people don't struggle with this but a lot of my students when they start consistently making money they're very scared to start paying themselves they they they feel like they get like a I guess fear kind of feeling or they feel like they don't deserve it because they're now making hundreds if not thousands of dollars consistently now so now they're like I'm printing this money out of thin air so they they they're scared to pay themsel but what I suggest for you do not be scared to pay yourself set yourself up on a pay schedule um same way how I explained on that small live account every two weeks you'll put more money in it if it's profitable you can do that same thing you can take a certain percent of your profits out every two weeks if you're trading on a prop firm take payouts every single time you can take payouts um don't be afraid to pay yourself you earned it you put in the time to learn how to trade you watched through a couple hours of this video already you deserve to take money out and go buy yourself something nice or a family or a friend something nice core principle number 10 is don't try to flip accounts this is one of the main things that messed me up in the beginning thinking that I was going to flip $1,000 to a million dollars and in order to do that you have to risk way too much you have to overlever and it's super super stressful it does not work you've probably seen these YouTube videos of these people turning freaking $100 to a million dollars and I'll be the first person to tell you it's either it's completely fake or they basically hit the lottery that is not a thing at all because in order to do that they have to risk their entire accounts and in order to risk their entire accounts and make it to a million dollars they have to have a 100% win rate and I guarantee you every single person you see on YouTube does not have 100% win rate so it's either they got extremely lucky like I'm talking about got struck by lightning three times in a row lucky or it's fake do not try and flip accounts that's not how you make money day trading core principle number 11 be patient and wait for your entry if you have to see a double top double top simply means that uh price got to the same level twice if you have to see a double bottom which means price has to get to the same level twice if you have to see a dogey candlestick if you have to see a whatever it is that you have to see to enter your trade be patient enough to wait for that don't try and jump the gun jumping the gun does not make you more money over a long period of time maybe you'll get lucky one time but over the course of 10 trades you will lose a lot of money core principle number 12 i don't know why I put this here um it says 11 but core principle of 11 number two number 112 whatever is to trust your trade when you enter a trade and you've gotten consistent to the point where you've followed the checklist it's an A+ setup trust it there's nothing you can do by sitting here looking at your charts and hovering over the the close button there's nothing you could do trust your trade you entered it for a reason you entered the A+ setup you waited for your entry you waited for everything to check off trust it core principle number 12 is to enter your trade and walk away this helps me out a lot you'll notice a lot of times if you're in my inner circle you're live trading with me um a lot when I enter a trade I'll switch off that chart i don't even want to see it if I'm not at my key if I don't have to be at my um computer if I'm not trading live with my inner circle um then I'll enter the trade and I'll walk away i'll set my alerts at my key levels like I told you guys to and I walk away i find no pleasure in seeing thousands of dollars go up and down i just want the trade to play out in whatever way it's going to play out win or lose core principle number 13 which is one of the most important ones is don't overleverage you can have a 90% win rate but if you overleverage that one trade you lost all of your profits no matter if you won 10 trades in a row you can overleverage one trade and lose every single one of those profits if you take these 13 core principles it's technically 14 now um if you take these 14 core principles and apply them and stick to them add them to your trading plan I guarantee you that period of you being a beginner to that period of you being a consistently profitable trader will be cut drastically you will not have to spend a lot of time in the markets i'm doing this for eight years and I compiled eight years worth of data eight years worth of experience into these 14 core principles so take them run with them and start milking the markets now a lot of you guys might ask "What does your routine have to be to be a consistently profitable trader?" I'm going to dive into what my exact routine is so that you can follow my routine follow exactly how I go about my mornings to get ready to start milking the markets as we just said cuz honestly winning trades are born in the charts but profitable traders are made in their daily routines and I will stick by this i promise you that so realistically I start every day and I kind of mentioned this before and this how I personally start my day and how I've done it for the past more than I've been trading so probably like 10 12 years now um I start every day with praying meditating and reading my Bible it just gets me in a nice calm mind space and headsp space realizing that money trading is not the end goal that's not all that life is life is so much bigger and that just helps me put into perspective and not be too attached to trading or too attached to the trades or the outcome of the trade knowing that there's so much more to life um it really keeps me focused it keeps me calm on like I said the things that truly matter once I do that I'll go to the charts and I'll see what the market has done while I was sleeping once I see what the market has done while I was sleeping I'll start drawing my major areas of interest zones starting from my higher time frames and working myself down how I showed you guys i'll draw my zones on the 4 hour time frame or on the hourly time frame and those are the I'm basically making my plan for the day what do I want price to do do I want price to tap into this resistance zone up here do I want price to time to the support zone right here if it does what am I looking for just things like that and then once I have that all plotted out I hop on my live call my inner circle and then I start taking live trades if the setups um come up i didn't mention the inner circle before but I do have an inner circle it's really for people who are super super serious about trading and aren't just trying to do this as a hobby i'm talking about make if if you're someone who just wants to make a couple hundred dollars a month uh Inner Circle is probably not for you it's for people who are extremely serious um people who want to make 10 20 50 if not $100,000 every month with day trading that's really what my inner circle is for and it's catered for it doesn't matter if you're a complete beginner it doesn't matter if you're an advanced trader we've been able to help people from all levels get to profitable trading i had someone who just started inside my inner circle um and then two weeks sorry in two months not two weeks in two months he was able to take $40,000 worth of payouts from a prop firm which is absolutely amazing um but I trade live with them every single morning so that's next on my routine i didn't mention the inner circle before but if you are someone that's interested and if you're serious about your trading which if you've made it this far into this video I can tell you are serious about your trading i'll leave a link to apply to join my inner circle inside the description down below it's very exclusive it's very limited if you go through any of my YouTube videos you're going to see people always complaining that the spots are full that's why I would suggest if day trading is something that you really want to take serious and be able to not just make enough money for yourself but your family your friends those around you I suggest you hit find the link inside the description down below to join my inner circle apply to see if you can have the opportunity to join in if there's spots and lock in your spot at that point what's included inside my inner circle is live trades with me every day you get one-on-one access to me to be able to ask me any questions at all i'll help you build out your trading plan where um have I have four other coaches inside of there four other profitable coaches i'm talking about traders who send out their trades as well and I take their trades i'm making thousands of dollars taking my coaches trades they're absolutely amazing we have a crypto uh futures coach we have three more futures coaches um that trade like NQM um and gold and things like that and then I also have a dedicated trading psychologist in there i mentioned to you guys that psychology is the hardest part when it comes to trading and that's why it was important to add that to my inner circle which is something that I built to be the one stepping stone that I would have needed in the beginning of my trading so it wouldn't have taken me two and a half to three years to become profitable so we have a dedicated trading psychologist inside of our inner circle that is at complete disposable use to you we also have a bunch of other things we do giveaways all the time you um just have a whole community of people who are serious about trading that can hold you accountable i mentioned to you guys before if you have friends to share this video to them so to get them excited and get them hyped and educated about trading to help hold you accountable if you don't have that we have my inner circle which is the same people that are super excited and super serious about trading that we all hold each other each other accountable so that's what's in my inner circle there's so much more inside of it but I don't want to take up too much about it if you guys want to join my inner circle to trade live with me even taking every single trades if I don't take the trades live uh or if there's no setup while I'm live I'll still send the trade out so you guys can follow my trades step by step you get all of my courses the strategies course you get every single course that I've ever created is in there as well the boot camps everything is in there it literally equips you with everything you need to become a profitable trader in a short amount of time plus more like it's it's an abundance of value and that's why the spots are always full i never have a problem um getting people inside of my inner circle but like I said if you're serious which if you're at the end of this video uh you seem like you're a very serious person and really want to make this work I suggest you click the link inside the description down below to have the opportunity to join my inner circle we're back to my daily routine here so then once I mark up my charts and my areas of interest I'll go out my uh the live call with my inner circle to take the live trades or go over my zones and show them why I have these areas show them why I'm looking for trades here what I'm looking for and take some trades if they do uh present themselves uh like I said I'll make a plan of action for when the market goes into my major zones of interest major areas of interest which is just another way of saying my support or my resistance zones or my key levels things like that and then I'll set my alerts and my areas of interest so I'll be alerted as soon as there's an opportunity like I said sometimes the market isn't close to my support or resistance zones so I'll set my alerts that way if I happen to go away from my computer I'll get a notification to my phone and I can still be notified that the trade is happening or that I might get an opportunity soon and then honestly I walk away from the charts and wait for my my alerts to go off i try and trade very passively i don't want to sit here in front of my computer for hours a day i got into trading to get not just financial freedom but also location and time freedom i have a wife i have a daughter i have a son that by the time this video comes out will be here so I have a life i don't want to sit here in front of the charts and that's why I utilize my alerts um now it's important to understand that successful trading is a marathon it is not a sprint you need to have emotional regulation and stay calm under pressure which is what I've talked about multiple times you need to be a continuous learner you need to study market trends and you need to refine your strategy accordingly and you need to have the discipline to stick to your trading plan even when it is very tempting to deviate because trust me there will be times in the market multiple times in the market where you truly truly just want to take that trade or you truly truly just want to deviate from the plan that you have but trust me it might work out this one time but over 10 times it will not work out and you do not want to get in the habit of continuously setting yourself back from being a consistently profitable trader now you've made it this far into the video and I want to personally congratulate you for taking not only a step towards your financial future but a step towards financial freedom time freedom and location freedom for you your family and all of your loved ones the fact that you made it this far tells me that you are a super serious individual that really wants to take this serious and I'm glad that I could be that stepping stone that allows you to get to the end goal when it comes to your trading as fast as possible now I'd love to be able to help you even further and that's why specifically for this video if you've made it this far I will open up spots for you to be able to join my inner circle where I will hold your hand through this entire journey i will take you from being a complete beginner to a seasoned and profitable trader you'll not only be able to learn how to trade exactly how I trade but you'll also be able to trade live with me every single day you'll be able to get every single strategy get every single entry that I have get every single exit that I have be surrounded by a community of profitable traders have access to the four other profitable coaches that are under me you also will get access to our dedicated trading psychologist because as you've heard throughout this video psychology is the biggest and hardest part when it comes to trading and that's why I needed to have a dedicated trading psychologist as part of my team inside the inner circle now as I mentioned my inner circle is not for everybody it's only for people who are serious and want to make five figures or more a month when it comes to day trading if that's you and for some reason I think it is you because you made it all the way to the end of this video we've become best friends for the past six hours or so I believe that you are serious and if you are serious I would suggest you hit the link inside the description down below before all the spots fill up now whether you join me in my inner circle or not I'm super excited for your future as a profitable day trader and hopefully you can come back to this video or message me on Instagram my Instagram's right there message me on Instagram a month two months three months down the line and just show me your progress tell me how this video has been able to help you show me the profits that you've been able to start making i'm very excited to see your progress as a trader within the next couple of months and if this video helped you out and you really want to have a community share this video with a friend of yours or a family member to help them get all the information they need to be able to start day trading because what's going to end up happening is you're going to start making money you're going to start telling your friends about day trading and they're all going to ask you how you did it and instead of you having to sit down for 10 hours with all your friends and your family all you have to do is send them this video and they'll be completely up to speed but with that being said I hope you guys have a blessed rest of your night morning or evening