in this video I'm going to show you exactly how I would start my day trading career over again if I had to start from scratch And before getting to a point of developing an entire process and setting my trading up to be able to scale to three sometimes $5,000 single profit days I realistically wasted years of my 20s with thousands of hours of being confused and also thousands of dollars that I didn't need to waste had I have known the information and the foundation that I'm going to share with you in this video So I'm going to start with foundational information So a simple way of looking at trading to start with the basics Then I'm going to show you the websites and the tools that you're going to need to follow along with this process I'm going to talk about trading psychology which is probably the most important thing that will either make or break your trading A simple way to understand trading math that can be really confusing in the beginning as well as a complete crash course of the most important things that I know about technical analysis Then I'm going to show you how to build and test your own strategies Then at the end I'm going to show you how we can take everything that we've learned We're going to apply them into a real life scenario to show you working them in real time So by the time you make it through this entire video you're going to have a clear-cut simplified path to starting your trading career properly Okay So let's first start and set the foundation by understanding how trading works and how we should be looking at the market Okay there's a lot of technical elements that can be really confusing and if you learn bits and pieces of it it can throw you off the rails This is a very simple way to understand how the market works and how the mechanics of it work So over here I have a chart open but right now we're not going to worry about anything other than how and why the market is moving Okay so whenever we're looking at a chart which in this case is this blue line we're looking at increases and decreases So all the chart is showing us is a visual representation of mass human psychology Meaning that there are buyers and there are sellers Now this is done with algorithms This is done by physical trading This is done in all sorts of different ways So it's not as simple as people just clicking buy and sell right but the general premise is the market is adjusting to fill imbalances which are caused by supply and demand So how this works is like this Let's take right here for example in this part of the chart when price is moving up that means that there is demand from buyers and supply from sellers If the demand outweighs the supply the market is going to move up until there's another point where supply starts to outweigh the demand and the market will correct until once again there's more demand than supply and that will sort of bounce back and forth which is going to produce something called volatility Now volatility is basically anytime there are drastic big moves in the market These are going to open up trading opportunities for us later So simply put as traders our job is to find areas of the market where we can enter at a certain price have the price increase to another price Then however many of these we bought times the increase is going to give us our profit So if we bought a 100 of these units at $200 and it increases to 205 that's $5 in profit per 100 which is going to give us $500 in profit But let's take another layer deeper to start understanding where these intraday opportunities come from So let's take a one-year starting point as an example Over the course of a year this is the general stock market We can see anywhere from 10 15 20 even 30% gains in an individual year That means that if we were to buy $100 worth of S&P at this point and price increases we now have $130 and technically our total risk implication is if everything were to melt down and technically go to zero we're technically risking $100 This is the concept of investing Now you're only going to get say 10 20 30% in a good year but usually right around 10% So effectively we'd have to wait an entire year to get between 10 and 30% Which is good if you're dealing with a lot of money But if you're trying to scale a small amount and make an income off of it you need to have a tremendous amount of capital Otherwise you have to find other opportunities in the market Now what happens if we zoom in to just this one small area where now instead of looking at an entire year's worth of movement we're now looking at individual days worth of movement So we'll take today for example and now even in a single day we had this amount of movement to the upside and this amount of movement on the downside So instead of waiting an entire year if we were able to enter here and sell somewhere up here and now still risking $100 just with this single move we would make $341 This would happen in the matter of 1 hour We can have multiple of these opportunities in a single day which allows us to go from making say $30 in a year to be able to take that same amount of risk and be able to make 67 $800 in a single day risking $100 Okay but as the numbers get smaller and we're dealing on a zoomedin one day view the math and the strategy behind this starts to get a lot more complicated and it gets more important to know how to do this to properly calculate your risk Not only that but we need to know where we're buying and selling and the likelihood of that happening So just as an example if you're new you're especially not going to understand exactly how this works but this is a trade that took about 2 hours where I was basically able to pick an area where I expected for the price to significantly drop enter in actually be able to make profit from the market going down which even a lot of people don't understand that you can do especially good when markets are moving down to know how to do this skill And you can see I followed this down for hours going up $2,400 $2,600 $3,000 nearly $4,000 for taking the trade off for full profit And I was only risking $500 that I was able to make over $3,000 in about 2 hours Okay this isn't to brag It's just to show you that if we can use this ideology and framework on a daily basis these are the opportunities that if you lock in and take it seriously that are going to be on the table for yourself But before that let's talk about all the tools and websites that you're going to need to set this up for yourself and start as a beginner Okay so realistically you're going to need three major things First thing is going to be Trading View which is where we're going to be doing all of our charting and analysis That's going to be your home base The second thing that you're going to need is some sort of way to actually place trades Now you're going to need some experience before actually doing this okay but considering I trade cryptocurrency I like to use Blofin or Bybit I'll show you how specifically to use those a little bit later into the video okay and if you're looking to trade stocks a lot of our traders are using topstep.com The third thing that you're going to need is a trade journal which I'm going to provide to you but more on that later Once you make your way into Trading View you're going to have a screen that looks something like this What you're going to want to do is click on products here and click on super chart That's going to bring you to a plain chart like this Now when it comes to style and really setting this fully up I have an amazing video you can go through that I'll bookmark at the end of this video so you can watch that after and get fully set up What I like to do when I'm trading is take my trading view put it on one side of my screen and I'll take my trading platform where I can input my orders and I'll put it on the other side So now I want to share with you some fundamental trading information so you fully understand the approach you take with trading So anytime you're placing a trade you're basically selecting what's called a pair Now a pair is going to be any sort of asset that you're either buying or selling against the value of the US dollar Okay so this is Solana versus the US dollar which is going to maintain a pretty consistent value and Solana will either go up or down against that value which is going to create price movement The way we manage our pairs is using something called watch list which is over here on Trading View Okay So for example if you're creating a new watch list we can click this plus button here And if we want to go to cryptocurrencies we can click on Bitcoin XRP soul We can start selecting different cryptocurrency pairs to have in a list here which will allow us to flip between and to have access to viewing how these individual charts are moving So when I'm looking at a chart here you'll see we started off with a line chart So it's basically a line showing how the price is moving And then I can switch between something called candles So candles are a better way of getting information as a day trader Okay So the way candles work okay considering this is a green candle that means that price started here went as high as this point as low as this point and ended up closing right here And that's why our candle is green That's the body of the candle So we had the total movement up in the highs and lows Same is true for a red candle only the open happened here The close was lower than the open and the highs and lows remain the same giving us a red body If we go back over to our chart here right I have black and white so it's a little bit different Still looking at a similar example here We had the candle open we had the candle close the highs and the lows And then say for example this candle opened here closed here and the high and lows were here Okay and these candles are going to show us different information depending on the chart frequency that we choose So for example we have up in our top menu here chart frequencies between anywhere from 15 seconds to one full week So you'll notice I have two sideby-side charts of Ethereum On this side we have 5-minute Ethereum chart And over here we have a 1-day Ethereum chart This green box is the same green box on both sides Only this is one candle showing us the open price the close price and the highs and lows And if we notice over here this is the high the low and this was the total movement over the day but in 5minute increments opposed to a 1-day increment And there's different combinations that we can use but the lower you go down into the time frame each candle is going to show you in this case 5 minutes worth of movement opposed to a whole entire day of movement Okay so now let's get into a section talking about trading psychology This is the most important part that will either make or break any progress that you make throughout this process Okay this is what will keep people caught in a cycle of never getting better or will allow people to sort of skate through trading and get better really really quickly Okay so I've identified three major things that you need to retrain your mind around and I'm going to explain to you exactly how and why this works so that once you get through this section of the video you're going to have an aha moment and it's going to clear you up to be able to proceed and learn and get started with trading the right way So I've boiled it down to these three main points okay and the first thing that you need to retrain your mind out of is that losing is inherently bad We're human beings and anytime you lose at something this is viewed as you're not sufficient you're not doing a good job or something needs to be changed to make you be able to perform better This does not apply to trading and you really need to understand that as weird as that concept sounds and you're going to understand why in a second The next thing is being wrong is bad This kind of ties into losing Being wrong and losing money we view as human beings there needs to be a corrective action to fix that behavior In trading this is not the case at all you actually need to completely flip this on its head The third thing is the misconception that making money on a trade makes it a good trade This is not the case whatsoever So let's look at this example so you can understand why thinking losing is bad being wrong is bad and why making money no matter how is good Okay so think of it this way Anytime we're buying into the market one of two things is going to happen It's either going to move up and we're going to make money or it's going to move down and we're going to lose money How we actually go about that as traders is what is going to dictate whether we're successful long-term or not So let's look at it this way Anytime we're entering the market we need to number one figure out how much we're trying to risk Whether it's a percentage or whether it's a dollar amount Say we want to risk $100 for example That means that if we enter right here we need to make sure that if price moves down to this level that we're only risking $100 And in doing that we can ensure that if this moves up 3x more now we know exactly how much we're expected to win and how much we're expected to lose So let's take that same exact example We have our one unit of risk which we know is $100 for 3x positive units of risk if we're right So let's say for example whatever we're buying is valued at $15,352 and we want to risk exactly $100 on this trade That would mean that we'd pull up our calculator And I'm going to show you a really cool simple way to do this afterwards but I want you to understand the math of how we're actually going to be calculating risk Right if we want to position an entry in the market we're going to take our entry value at 152 Okay and say our stop-loss level or this level where we're going to get out for a contained loss is at 150.52 So we're going to subtract by the stop-loss value and that's going to give us three Now we're going to take the dollar amount that we want to risk and divide by three And that's going to give us 33.33 units to effectively buy in at to ensure that if this moves against us we're containing the risk to $100 And we know exactly what to expect if the trade moves in our direction So anytime we're looking to enter into a trade we're already positioning ourselves to accept the fact that we can be wrong and we can lose And in order to actually get into the market and open ourselves up for the potential of making money we have to accept that we could potentially be wrong In that sort of same mind process a lot of people think they need to be right all the time to actually make money in trading which is 100% not true So let's take this for an example Say we take a total of 10 trades We've contained our risk that every time we're losing a trade we're losing -1 unit of risk So we have 1 2 3 4 5 6 7 losses and three wins But when we're making these wins we make 5.2 2 times what we're risking 2.5 what we're risking and 3.1 what we're risking which is going to give us a sum of 10.8 And on the loss side it's going to give us a sum of -7 We lost 70% of the time winning 30% of the time which is going to give us a net total of plus 3.8 risk factors So once again we're risking $100 which is going to leave us with a profit of $380 being wrong 70% of the time If you want a really easy way to do this position sizing automatically on chart you can click into indicators You can search up it position calculator This is a calculator that we made on the private side of our trading team I'm giving it to you guys for absolutely free You can click onto this and then basically you can click right here at your entry where you want to take profit and where you want to set your risk to Then you can actually input your dollar amount risk Say I want to risk $100 Hit apply And that's going to show you the exact quantity that you need to enter in at that exact amount to risk $100 if the price is to move against you So if we go through our trading thinking that losing is bad and being wrong is bad we're never going to put ourselves in market situations where we can actually allow ourselves to be right The losses that you take are simply opportunity costs to be able to get into the market Understanding that making money does not make a trade good or bad It's about following the specific process that you know is going to be repeatable while keeping your risk contained If you're just going into stuff and putting a bunch of money into it you're not quantifying your risk you don't know if it's going to work over time or not By studying it and you make a bunch of money you're one decision away from losing every single thing Even if on an individual trade you get lucky and end up making a bunch of money it's about following the process making sure that you understand that this is the mental psychology in trading math that's going to put you in a position to approach the markets properly and understanding that trading has nothing to do with being right or wrong It has everything to do with understanding how much you're making when you're right versus wrong and the percentage of time that you are right to be able to determine whether you're going to be profitable or not profitable This is all going to be based around keeping your risk uniform knowing how much you make when you're right versus when you're wrong Having your average loss and your average win and the percentage of the times those are happening to once again be able to look at this table and figure out if you're not profitable or if you're profitable Okay so now that I've showed you the general structure the framework of building positions and understanding how and why we're controlling risk let's go back to Trading View and understand how we're actually going to approach the market on a technical analysis standpoint Now this is where there's millions of things to focus on I've boiled them down to about five or six major things that I look for to find key areas in the market and I'm basically going to give you a crash course on this I have a really good technical analysis guide if you want to dive into more detail after this video which I'm going to put in a card at the end so you can dive a little bit more into that Okay so let's pull up a five-minute chart so that each candle is 5 minutes worth of price data And let's start taking a look at how I would read this chart Okay so the first thing that I'm always starting with is identifying what are called trends on charts And trends are basically areas in the market where price is generally moving in a specific direction So if it's generally moving up that's going to be an uptrend And if it's generally moving down that's going to be a downtrend Okay and the way that I can really determine whether we're in an uptrend or a downtrend is by clicking on this tool right here and starting to find areas on the chart where price seems to be bouncing off of an invisible level Once again going back to that supply and demand area So if I see these critical areas and I draw from that low to that low where the price is sort of responding off of Okay Anytime the price is maintaining above this specific area that's maintaining the status of an uptrend And you'll notice this point price finally pushed below this trend pushed up and continued to go lower which is now making this as a downtrend So we have an uptrend over here and a downtrend over here So I can draw another trend level off of there Okay And one thing that I really like to take note of is if we have an area where price is continually making these levels breaks underneath it and then comes up and retests it Oftent times this is a beautiful key level to get big moves down once the trend does change direction So trends are basically showing us areas where price is likely to come down to and have a continuation And then once it does finally break where it's likely to bounce off of and continue moving lower which we can start to use to start to craft some of these positions where we're entering in expecting for price to move significantly in one area and not come through to the other Okay considering this is a visual representation of mass human psychology there's another tool that is really really useful in trading called a Fibonacci retracement This is one of my go-to indicators So this is how a Fibonacci works Say you have a chart moving up or you have a trend in a certain direction You can click on this Fibonacci retracement Click at the beginning of a trend and go all the way up to the highest point on the trend And what you're going to see are these numerical values Okay starting from 1 to 0 we have 78.6 61.8 which is in green 50 38.2 and 23.6 And what you'll notice is oftent times if a trend is going to have a pull down this 50 level is often the level it will go to and have a continuation higher Same thing with this 61.8 This is referred to as the golden ratio This is the ratio that can be found naturally occurring in the formation of shells plants trees even your facial symmetry All for some reason fall around this specific Fibonacci value which often times will lead the price to revert cleanly down to that level and have a continuation move up which once again can allow us to start to structure positions around these key levels Okay so if we go back to our chart we know we have an uptrend and a downtrend So say for example we wanted to look at this trend and see some of its important levels We'd click at the high and then go over to the low and then let's watch what happens to price and where it starts to respond Okay so as the chart moves forward that becomes the low Okay price comes up reacts cleanly off of that 61.8 value and it just so happens that that level was the last level for a massive move to the downside Even looking at this area right here say we were to start from this point to there this push down before a continuation higher was was basically the last level that the price regressed down to before making a continuation up Okay another really cool piece of technical analysis that I like to use when I'm looking at these formations is something called a fair value gap And you can see these all over the chart So it's basically these big candles that are making these big pushes like here and like here or like here and like here And I can actually turn an indicator on called the Lux ALGO fair value gap indicator and that's going to pull them up on my chart automatically But the reason that I look for them is because you can see oftent times price will end up coming back into these and making big moves back in Fair value gap right in here Price moves up has a response off of it Fair value gap produced here Price pulls back down Even though it wicked through this one like crazy comes back down to the middle of that has a continuation up Okay this one's not showing but here price comes into the midpoint has a continuation up Okay and the way that we can identify these on a chart is basically we need 1 two three candles either in the up direction or the down direction where the first wick and the third wick do not overlap on the second candle So you'll see this is the high of the first candle and this is the low of the third candle In between here is going to be a bullish fair value gap And right here we have one two three candles First wick third wick Price doesn't overlap right here creating a bearish or a fair value gap that is likely to continue moving to the downside It's things like these that I'm using when I'm doing analysis to be able to find key areas that even though we don't know for sure it's going to move in our direction that we're able to at least start off in an area where we can keep our risk contained let the market move in our direction and hopefully make more money than we're risking Okay and of course this is just scratching the surface I talk about all this on my channel a lot more but as far as a foundation these are the primary things that I'm using Like I said you can watch the technical analysis video at the end of this video to dive more deeply into how I use these things specifically Okay so now that we understand some of the analysis and tools that go into actually trading let's talk about how to actually put this into a strategy that you can start practicing and trading for yourself So this is the progression that we're using anytime we're building a trading strategy The first thing is the concept which is coming from observation So just like we were noticing on our other chart that certain things were happening based on certain pieces of analysis What we want to do is gather a bunch of those ideas and observe a general tendency in the market Okay The next thing that you want to do is create a rule set based on your observations And then the next thing that you want to do is evaluate that outcome by identifying the percent of the time that it happens the average amount that you make versus how much you lose while considering the specific loss size Okay and then basically it's up to us to be able to see whether it's going to be profitable or not Okay So let's just use a really simple example of how you can actually go through and test your strategy Once you have an idea you can click on this button on your chart which is called bar replay and you can click back to a random part on your chart and then click this play button and it's actually going to play the chart forward allowing you to see how your idea would work in real time So what I'm noticing on this chart is every time we have this indicator which is a custom indicator called the Inevitrade Pro Plus indicator It's actually in a tool suite If you follow me on Instagram in the description you can add it to your chart Basically shows you when the markets are perceived to be undervalued or overvalued And when they're undervalued it will give you this red highlight strip here So let's say for example every time a red strip is produced I'm going to enter in I'm going to sell when it produces a green strip and I'm going to put my risk underneath that recent low and I'm going to risk $100 every time That means that I can calculate a loss as -1R and a win is however much more I'm making than I'm risking So in this case it would be like 3.94 So then I can just go ahead and play my chart forward and set this strategy up to work Okay so we have a highlight strip here setting up my position Okay so we have a sell right here So we would sell our position we would make plus 6.2R We would sell in here Okay we have a red highlight strip So we sell That's plus three risk factors Okay so we would buy in here Price comes down goes through our stop loss So that's -1R Okay so you can basically do this over a large period of time Now all you have to do is add up the total amount of trades You can basically go into a trade tracker This is a trade tracker that are in the tools that I'll send you if you follow me on Instagram and DM me the word tools And you can click each trade say it's on soul 15 minute You can put long or short You can put whether it's a win or a loss So in this case we had two wins and one loss P&L on the first was 620 P&L on the second was 300 and then we had a $100 loss So that's going to show us our winning percentage We can click on this sum here and we can go over and hit average and that's going to show us our average profit per trade as well as our average winning percentage which we can take into our system which based on our average 273 would put us somewhere between these two amounts at a 66% win rate would put us well into the profitable zone Now obviously this is only three trades so you'd want to do this over an extended amount of time But once you have that you've effectively found a concept identified rules found out your data made sure that it's confirmed to be profitable This is where you can actually start to test this strategy in full time Okay so we just talked about doing onchart bar replay The next would be do using a simulated account Okay and then after that you would actually apply this onto a real account Okay so let's say for example you wanted to actually enter into this trade position Since we're trading cryptocurrency I'm going to go onto an exchange like Blofin I'm going to pull up Solana And you'll see over here we have limit and market If you want to choose a specific price you click on limit If you just want to get in or out of the market quickly you're going to click on market So we're going to stick with limits for now Okay If I went into every single detail about this this video would be like 8 hours long Okay since this is where the price is first thing that we need to do is figure out how much we need to enter in to risk Say for example $100 So we're going to click on our entry take profit stop loss enter $100 That's going to give us 56 as a quantity And this is where leverage or using prop firms is going to be important because that would mean that effectively we would have to buy at $121.73 * 56.18 soul which is going to cost us $6800 Unless you have $6,800 in an account you're not going to be able to take this kind of size And that's exactly why we're going to use something called leverage which for example if we use 10x leverage would take 6,800 and only require us to use $683 Okay so we would enter in 121.74 as our entry We would go into our amount We'd have 56.18 I would check this takerit and stop loss Our takeprofit's at 130.76 which gives us our estimated profit level and our stop loss at 120.8 8 which you can see is going to give us exactly $100 worth of risk by entering specifically at this amount So we know if we lose we're losing 100 And if we're profitable we're making $460 on this strategy Now you can see right here it says the cost which is $6,800 if we increase the leverage up to say for example 10 Now once again that cost comes down to $688 And that's how you can start with a smaller amount of money and still be able to have the upside if you know your strategy and your process works and you're looking at it inside this framework Okay so now that we're at this point we've developed all these skills and understanding of trading I'm going to take you through a strategy that I like to trade on the channel that we trade a ton on the private side of our trading team and we have team members absolutely crushing it Me personally when I'm trading these sessions a lot of times my last session even I made $7,500 in about four or five trades risking $500 I'm going to show you what I look for on a setup and how I apply all of this logic to get into positions and how effective it is And I'm going to show you a few entry models that I like to follow Okay first thing that I'm going to turn on is this buy and sell indicator The second thing that I'm going to turn on are those fair value gap indicators So in this strategy I can't share every single thing that I'm looking at without being unfair to the private side of the team But I will show you something you can get started with and apply a lot of your own logic to that will still get you in a position to be able to make this a profitable operation This is crazy for me to be sharing on YouTube What I'm looking for is some sort of sell signal Right i can't tell you exactly what the signal is Some sort of indication of an over undervalued area somewhere where we have a trend break under here into one of those fair value gaps In which case I'm looking to enter in the midpoint of this fair value gap Place my stop loss outside and try to ride the trend down Okay So I'm going to go ahead forward and play this to show you what I'm looking for Okay So we have overvalued but no signal Okay So right here I start to have lows forming We have an overvalued area right here with price starting to push down So once again if I'm targeting the halfway point of this area with an oversell and a trend break where price is starting to come underneath price comes up goes into our area gets into the trade and then immediately reverses down already putting us up in this situation something like 12 times the amount that we're risking Once again if we were risking $100 our profit would be at $1,200 So even with one of these situations we could still be wrong 10 other times and still be profitable for the session Okay and of course every trade doesn't look like this There are definitely losers This is just scratching the surface of all of the data sets that we run on the private side of our trading team But if we just want to focus on the basics of it it's things like these where we can follow these types of models and actually apply them into the market Okay so let's take a look at another example of a trade that I entered You can see I'm entering in here Price starts to move in my direction once again off of that area overvalued starts to make a significant push down once again 4,000 5,000 $6,000 in profit risking $500 Then I eventually close this out for about $4,600 You can see here I'm looking to buy in hoping the market moves up I enter in here and just to show you the realities and be transparent A lot of times you are going to have losing trades too So for example okay this trade closed out and I lost within minutes But the fact that I can make $4 $5,000 in a good trade and only lose $500 $600 on the losing trades as long as I'm following the strategy keeping my position size consistent this gives me the framework to actually dive into trading and do it properly Okay and those are just two trading models We have tons of ways of approaching the market in general I would definitely recommend for you to watch this video if you want to dive deeper into the technical analysis If this helped you especially as a beginner hit the like button share it with a friend subscribe to the channel if you like the content If you follow me on Instagram and DM me the word tools I'll send you all the resources But until next time I will see you all in the next video