Coconote
AI notes
AI voice & video notes
Try for free
📈
Guide to Full-Time Day Trading Success
Mar 17, 2025
Lecture Notes: Becoming a Full-Time Day Trader in 2025
Introduction
Aim: To guide beginners on becoming full-time day traders by 2025.
Presenter: TJR, a successful day trader living in financial freedom.
Focus: Sharing knowledge equivalent to costly courses.
Day Trading Overview
Definition
: Buying and selling financial instruments within the same trading day.
Goal
: Achieve profitable trades consistently.
Topics Covered:
Reading charts
Identifying price movement confluences
Building strategies
Presenter Background
TJR's Journey:
Started with severe financial struggles and personal issues.
Used day trading to overcome $2,000 debt and achieve financial freedom.
Now lives a luxurious lifestyle, sharing knowledge to help others.
Motivation: Helping others achieve financial independence through trading.
Key Concepts in Day Trading
Understanding Charts and Price Movement
Uptrends and Downtrends
:
Uptrends: Higher highs and higher lows.
Downtrends: Lower highs and lower lows.
Confluences in Trading
1. Liquidity
Definition: Highs and lows in the market where orders are resting.
Importance: Liquidity sweeps indicate potential reversals.
Market Dynamics
:
Retail traders often react predictably to highs and lows.
Market makers use this to fill large orders and move the market.
2. Imbalances (Fair Value Gaps)
Definition: Areas with a lack of orders, creating opportunities.
Importance: Price often moves to fill these gaps.
Patterns
:
Imbalance indicates a directional move is likely.
3. Break of Structure (BOS)
Definition: Confirmation of trend reversals or continuations.
Uptrend BOS: Closure below previous lows.
Downtrend BOS: Closure above previous highs.
Strategy
Trading Sessions
Optimal trading times:
New York Session: Opens 9:30 a.m. ET
London Session: Opens 3 a.m. ET
Avoid Asian Session due to low volatility.
Trading Strategy
Steps
:
Identify high-timeframe liquidity sweeps.
Look for low-timeframe break of structure.
Confirm with imbalances for continuation.
Execute trades based on these confluences.
Advanced Trading Concepts
Beyond basic strategies:
Risk management
Psychological discipline
Advanced market analysis
Learning and adapting continuously is crucial.
Day Trading Blueprint
Offers comprehensive support:
In-depth educational content
Community support and mentorship
Weekly coaching calls
Skill-tiered training groups
Intended for committed individuals ready to work hard.
Conclusion
Encourages viewers to take control of their financial future through disciplined trading.
Emphasizes the potential for success with the right mindset and support system.
Invitation to join TJR's trading program for deeper learning and mentorship.
📄
Full transcript