foreign [Music] [Music] [Music] I miss y'all man and I miss y'all I miss y'all bro I missed y'all how y'all feeling huh how y'all feeling all right so let's get into it we got a little trade recap going on all right so we took three trades today [ __ ] absurd for me but I'll go ahead and explain it I'll explain this gu trade last we'll go over first trades that we took so we took wow we took two trades on the s p one of them got stopped out the other one hit one take profit two take profit and then we closed the rest right here on this breaking structure the downside and then we also took this gu trade which is currently [ __ ] making a big ass dick to the upside um so no I'm saying let's get right into this so to start off SMP ski we started off looking like this all right I'm also dropping that new strategy video coming out today we had a little downtrend coming right what happened we break the [ __ ] out of it what am I looking for areas of accumulation that caused that boom big ass dick to the upside all right we had this leg down if we scale down into the five minute we had this leg down that caused the leg up we see one tap into it during pre-market we get a little leg up nothing crazy but then boom actual Market opens we push even further into this which is the one minute area that caused that leg up over here okay we kind of chop around it here for a bit and then boom we get a break a breakout after tapping into here we break out of it and I'm not gonna lie boys I was I was a little bit antsy with this trade and this is why we lost okay so I marked out this fair value Gap right here all right I literally entered once we hit the bottom of this with my stop at a at just a five point stop loss okay also I need to keep checking gu to make sure we don't hit take profit too um but this was the fair value Gap that I took the trade off of I literally just waited for this to get filled and then I just entered immediately okay I literally just entered immediately in hindsight should have waited for more confirmation um that's how I could have done better on this trade this trade could have been completely avoided if I didn't jump the gun if I didn't just purely enter off this fair value Gap if I had actually waited for a reaction off of it um this loss could have been avoided and this loss could have been avoided if I set my stop loss all the way under here okay but I decided to have it at Five Points end up getting stopped out now the second trade and kind of the um overarching type of like theme uh for this boot camp video is going to be you know being able to still lose a trade and then still be able to stick to your bias and look for a potential re-entry so today right I only risked 50 of what I was willing to risk for the day because we had setups forming on gu as well um I need to keep my eye out on this because obviously I'm still in this trade but um I had setups forming on gu okay and I was looking to take a trade on gu as well so with that being said I only risked 50 of my um account or 50 of what I was willing to risk on the day on this trade so boom I was out and I was like okay cool I'm willing to look for a trade on gu there was nothing really forming until later on okay so I was like chilling I was like okay like gu there's not really much but then the s p gave us something I said hold on wait a minute we never invalidated this liquidity sweep we came down we just broke structure the upside we just filled this fair value Gap we just gave a reaction we filled this for Value Gap and we gave a reaction so I was like all right bro I'm re-entering on this our bias hasn't been invalidated because this low hasn't been taken out everything is still within our bias and I'm sticking to it um and that's kind of the thing that I wanted to touch on right if your bias doesn't get invalidated but your trade gets stopped out and you still have risks to play remember you want to remain confident in yourself and in your trading ability um and that's kind of the thing that I want to drill home on this um would be like you know ice got stopped out of this trade simply because one I didn't wait for extra Confluence and because I didn't place my stop loss completely under an invalidation point what happened over here we came down we didn't invalidate our trade bias we got another break of structure the upside we got our Confluence and we got literally another third third level of Confluence right here so what did I do I entered with stops now underneath this invalidation point we had take profit one right here where I managed 50 of the position we had take profit two right here where I managed another fifty percent of the open position and then I closed the rest of the trade out once we broke structure to the downside on the one minute right here the reason being for that was literally just because um I I I just didn't want to sit on Zoom or sit on the Discord call um for that much longer and I was like look if this thing breaks structure off of this High time frame liquidity you know it's just probably best and as you can see it probably was for the best um that I did close unless this thing wants a rally but still you know like I'd rather just be out of the position move on with my day and not have to worry about a freaking trade um I gotta keep my eyes on this G of things but anyways that was the s p now we can move over to gu um and hopefully see this thing hit take profit too very very similar situation here on gu where you know we were trending down but then what happened right we get a Breakout of this trend right then what do I'm what am I looking for and again that strategy video should be coming out to you guys today I already filmed it and I'm just planning on getting it uploaded we break out of this trend right we see a change of trend then what am I looking for the area of accumulation that caused the change of trend where was it right here okay we see boom price dips into here then what do we get a break of structure to the upside okay then what what was I waiting for I was waiting for our third confirmation okay I was waiting for you know something to give me some sort of reaction off of you know either like a five minute fair value Gap five minute equilibrium five minute order block we didn't get that we came down what did we do it's very very very similar to the S P 500 we sweep these lows again and then what happened boom we get a break of structure to the upside on the five minute okay boom then what was I looking for area of accumulation off of that breaker structure the upside where was it right within here I know this is getting kind of jumbled and jambled but breaker structure the upside on the five minute cool now what am I looking for what caused that braking structure to the upside on the five minute this area of accumulation right we can identify boom this is the leg up where were those orders filled right within here we see price drawback down in there and then what do we see price legs up brake structure on the one in a minute boom perfect I'm in on it all right we even like for me I was literally just waiting for a reaction candle in the five minutes so that's what I entered off of Boom we get that I enter First Take profit was hit manage 50 of the position stop losses at break even take profit two as if Within Reach we have take profit three right here and then take profit four all the way up here which is a high time frame area of accumulation right if we look here right this is a relatively High time frame downtrend but if we you know come in here we see that during New York session we break or during pre-market during New York session we broke out of this downtrend we have an area of accumulation within here we tap into it and then we get reactions off of it there's no reason for me not to take that trade so the overall kind of like thing that I want would want you guys to learn from today is um and also another reason like why did I take three trades today I was able once this hit take profit one I was able to sit there and be like okay well now I pretty much cut down the 50 loss from this into 25 of what I'm willing to lose for the day so now I'm able to enter with this now I'm able to enter on this even though right because like this we lost 50 of what we were willing to lose once take profit one got hit okay now we're down to like 25 of what we were willing to lose for the day after take profit one got hit on the S P trade I was still down on the day I was still down like five grand okay but I'm I'm down 25 of what I'm willing to risk on the day okay so then from there I was like okay cool that gives me the ability to now know that hey I the most I'm going to lose on the day is going to be 25 I can now risk an extra 75 of whatever I'm willing to risk on the day right this is going back to that risk management episode that we talked about I can now risk 75 of what I'm willing to risk on the day because this is hey this is a high Confluence setup this is a good trade setup I'm willing to take this because if I risk 75 of what I'm willing to risk on the day and I'm only down 25 of what I'm willing to risk on the day with stop loss at break even on this s p trade cool then if this one hits to hits stop loss then I'll lose 100 of what I'm willing to risk on the day that makes sense uh the s p ended up hitting take profit two ended up putting me at a profit for the day at that point okay and then obviously my stop loss was that break even so I wasn't willing to lose anything and now boom this gu trade just hit take profit take profit one seeking out take profit two right now odds that it hits it I think it's very likely um might even happen during this video who knows um but that's just like learn to use risk [ __ ] management to your two two um to your advantage okay like understand these percentages and like being able to be like okay I did this and now I can do this like use use risk management and leverage it right if I'm sitting there saying Okay and like obviously with sound mind right like I'm this is the this is the last trade that I'm taking but this was a high confidence trade that I had set up during pre-market and I was waiting for it to happen and if you think about it technically I really only took two trades within my bias today one of them right the bias was never invalidated we just got stopped out the second one at bias ended up playing through two take profits were hit this one we have about we had our bias right boom trade ended up setting up I took the freaking train simple as that right and I utilize risk management to my advantage to be able to take this trade right let's say I risked a hundred percent of what I was willing to risk on the day on this trade dude I would have been screwed I would have been freaking screwed because then I wouldn't have been able to take this trade I wouldn't have been able to take this trade I'm gonna I'm gonna make mad bread today because I was able to use risk management and understand how I can leverage it to my advantage okay so that's the biggest thing that I want you guys to take away from today um I I'm you know doing great today obviously in the green because um we ended up being in profit once this take profit two got hit we ended up being in heavier profit once we close the rest of our position out right here um and then obviously heavier even more heavy profit once take profit one got hit and then we are going to be in heavier heavier heavier profit once take profit two gets hit on this gu trade um which hopefully should be happening rather soon again today boom [ __ ] great day I was able to still lose money and then also make it right back and um come out in the in heavily in the green today um honestly very very happy with my performance today um my trading's been on [ __ ] Point again per usual all these trades were taken live with the Discord the Discord closes in two days so if you guys want to take these trades or see my whole thought process on this stuff live the links just is going to be in the description if you guys want to tap in with that or [ __ ] join do whatever you guys want with it um but yeah with that being said those are the trades that we took today um I was able to utilize risk management to um to help me take this gu trade and then also be able to give me the opportunity to take this s p trade um the second s p trade so yeah honestly great day very satisfied with my performance trading has been um just awesome these past two and like hopefully three weeks um moving forward um again right like we want to limit losses um from stupid mistakes to just the market um taking it Taking it out today I stupid mistake right this loss stupid mistake could have been avoided this trade perfect right good execution um followed every rule this trade perfect right we waited for our execution points we stayed patient we waited deep into New York session to even look for this trade and ended up playing out take profit one got hit take profit two got hit and we have three and four take profits um all the way up here that could give us some serious risk reward this is a one to 5.8 risk reward ratio on this trade so you can imagine the type of money that could be made if all these um all these take profits end up getting hit so yeah that being said um that's going to wrap up this video I really do appreciate y'all hope you hopefully you guys learned from this um we have a vlog that is already out today so if you guys want to check that out I ended up working out at the Young LA Gym lifting with shizzy and Jizzy um so that video is out and then I also should have that strategy video out I don't know if I want to post it today because then that'll be three YouTube videos in a day I might just post it tomorrow morning or schedule it for tomorrow morning um I think that would be better but yeah that being said I'll catch you on the next one much love I appreciate all of you guys peace out