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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:
Think and Trade like Smart Money
: Understand and anticipate market manipulations.
Understand Economic News and Announcements
: Fundamentals affect price movements.
Manage Risk Properly
: Use risk management to mitigate losses.
Develop a Millionaire Mindset
: Train the brain for trading success.
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.
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Full transcript