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How to Make $10,000 per Month Trading

Jul 7, 2024

How to Make $10,000 per Month Trading

Introduction

  • For those new to trading, struggling to make money, or wanting to level up.
  • Presenter: Brett Go, aka The Trading Gig, with 4 years of experience.
  • Transitioned from being broke to making his first $1 million before 21.
  • Documented entire journey on YouTube—transparent about wins and losses.

Key Points

Authenticity and Success

  • Transparent with live trades and live profits.
  • Shows both wins and losses due to the reality of trading.
  • Success built on transparency and genuine teaching methods.
  • Claim: Simplifies complex trading concepts so a 5-year-old can understand.
  • Consistently profitable: made $11,500 in the past month.

Trading Journey

  • Began in 2021, learned Forex, practiced daily while working a 9-to-5 job.
  • Achieved financial, location, and time freedom.
  • Can now trade from anywhere and spends less than 3 hours daily on charts.
  • Trades are clean and easy to understand.

Realities of Trading

  • Markets manipulated by big banks and institutions.
  • Early losses due to emotional trading and lack of planning.
  • Losses outweighed wins initially, leading to a $10,000 loss in the first year.
  • Markets are rigged against retail traders.
  • Adopt a strategy to align with the top 10% of traders.

Strategy: Market Mechanics

  • Five-step framework to achieve $10,000 per month:
    1. Think and Trade like Smart Money: Understand and anticipate market manipulations.
    2. Understand Economic News and Announcements: Fundamentals affect price movements.
    3. Manage Risk Properly: Use risk management to mitigate losses.
    4. Develop a Millionaire Mindset: Train the brain for trading success.
    5. Join a Trading Community: Engage with other like-minded traders.

Market Mechanics

  • Hybrid trading strategy combining the best parts of profitable strategies.
  • Emulates smart money trading to avoid getting liquidated by the banks.
  • Focuses on key structures, order blocks, and liquidity areas.

Economic News and Fundamentals

  • Look at fundamental analysis to understand price moves.
  • Factors: Monetary policy, CPI, GDP, NFP, etc.
  • Fundamentals show the “why” behind price movements.

Risk Management

  • Essential for long-term survival and success.
  • Trading is a probability game; manage the downside to maximize the upside.
  • Example: Trader A vs. Trader B with different risk/reward ratios.
  • Proper risk management allows for surviving losing streaks.

Mindset and Psychology

  • Overcome evolutionary wiring focused on survival, not trading success.
  • Be aware of emotions and their impact on trading decisions.
  • Build discipline, focus, patience, adaptability, and humility.

Trading Community

  • Joining a community helps combat the isolation of trading.
  • Encourages mutual support, accountability, and skill growth.
  • The Trading Tribe offers support and free courses to help traders improve.

1% Club

  • Exclusive mentorship program to teach profitable trading.
  • Includes live trading sessions, coaching, and comprehensive courses.
  • Offers both technical and fundamental analysis training.
  • Designed to be affordable: $47 per month.

Conclusion

  • The program is designed to help traders achieve $10,000 per month and true freedom.
  • Emphasizes proper execution and long-term support.
  • Encourages potential members to join to gain mentorship and community support.