Transcript for:
Butterfly Effect L16: One Day at a Time 3

so you know what do i care if i miss this eight percent why would i leave an order open that's stupid i can just make eight percent while i'm actually watching my charts what do i need to be charting this at nine again i felt subject to that last night because we were dropping so hard and i got excited and i had already made six percent on the day on 100x position so i was like ah yes going to be one of these days you know it was just like 12 30 and i'm like you know what and we were about to hit that level last night at 12 30. like i'm gonna check the time at 12 30 and i know we were dropping like crazy like we were right here and i was like yeah this is right here and i was like okay this is the pullback we need we didn't even hit the inverse level here we're gonna pull back we've got blue candles forming and it's like yeah yeah we have nothing to hold this up and i was just like you know what screw it we were moments away potentially testing this this run to 8 30 like within within 45 minutes and i was just like i don't care i'm just going to bed i don't i don't have time for this crap to wait and i'm glad i didn't and this is why because you know then you'll be waiting forever and it'll screw up your entire weekend or your entire week and it'll set you on like just don't do it man just don't do it i don't care how good the levels look there's better stuff on the charts where you just one step at a time every next move that's all we care about even right now let's like let's just take a trade if it goes to here if it goes to 61.46 yeah hell this is a good trade but if we have to go do something else if our time is up for the day and it's time to clock out just get out and who cares you'll find the same level tomorrow it won't won't matter doesn't it doesn't matter again you'll find it tomorrow right it's already tested yeah i'll just go after this one it looks good yeah this is already tested too this hole is already tested it already took the move up here yeah go after this potentially louder than move up right so so it's just like yeah kefma said i'm loving this take so much stress out of everything that we do yep absolutely man there's no reason to ever have you'll burn out as a day trader i've been doing this a long long time i know what burnout looks like you'll burn out if you just constantly worry about all this ulterior information and uh outside of what we just look at today like this is all that matters not nothing else in here matters god we don't care if it goes to a million dollars over and we just still log on i've said this to you guys before he goes to a million dollars he cares you just log on and make our money because we just trade the next piece trade the next move just like yesterday we we we traded this dump and and no problem it dumped now we're on to a new day we made our money we put it in the bank we're on to a new day you make 300 a day if you want in these moves like let's say we're trading 100 bucks and we were awake and trading and we took this trade okay so let's just even use like an even even sillier example we took this trade and we saw oh failure treated this really poorly um we got here and we saw go up here one percent and we're like oh no it's dumping let's get out and we made 0.8 so we made 80 bucks we use 100 bucks we made 80 bucks there move up completely and we're like oh crap we screwed up we missed our whole thing but then we could have just taken this short and we would have targeted maybe this level here and said okay well it's going to probably drop to uh you know this whole level right here and and so it's like okay cool let's start just you know so we take this short because we were actually prepared this time so we're like okay well we made 80 bucks today then what do we have here uh yeah another 1.9 so let's just call it 1.5 just just round easy numbers let's just say we screwed this one up too we really you know donkeyed this one too and 1.5 so then we made another 80 and then another 80 and a 40 so 1.5 so that's 816. that's 200 bucks we've made so far and then uh we we could have taken this short here and say we just exit it now and it's it's too early you know so we're up another 40 bucks and it's like all we did was trade with 100 bucks and we even left this one too early too we screwed up all three trades somehow we managed to screw up all three trades because we didn't have the right targets down low so we literally screwed up three trades we made 240 bucks screwing up every single trade of the day yeah guess what news flash is like 100k a year like you know if you do this 300 days a year that that's going to be close to like 100k a year right like it's like you know you guys don't see trends on my chart you guys don't see anything but a few simple hold levels so this is just like all those all i did was just make an example of some hole levels and i mean they're pretty obvious hold levels i mean this is this is nothing there's no magic happening here there's procedural analysis happening here there's some technical analysis but mostly this is procedural so this is how i made it as a day trader is i wasn't always as good as i am i wasn't always able to catch you know six and seven and eight hundred percent a day i wasn't always this good when i first started it was you know my success didn't come from being a high level trader because i had to reverse engineer this stuff um over how many years and years and years of experience i had to figure this stuff out by reverse engineering but what carried me was procedural analysis so this is why it's so important for this this you know anybody listening today procedural analysis will carry you until your technical analysis can carry can allow you to have better decisions and use more amounts of money but procedural analysis can build your career right because you can just make money every single day because as long as you understand how to do it you know when i again like when i was starting you know bankroll management and and understanding how to create something where i could just make money every day and just put it in the bank every day every day every day you know pay groceries pay rent do all these things you know that was important until i got to that point and and we used about the simplest example we could here using only positions of 100 bucks a day and 100 bucks a day on 100x that's like that's what our maximum risk tolerance was and we still managed to come out with like 200 screwing up every single trade you know it doesn't take long before you just take 100 and put it make it 200 200 and a couple months later now you're using 500 and then you know all sudden you're making instead of a couple thousand dollars a month you're making a couple tens of thousands of dollars a month right so like procedural analysis is crucial project x you ask when you should be careful about knowing when trends where trends are if you don't get caught by some powerful ignition today has almost nothing to do with technical analysis so i wouldn't i won't tackle that that's a different ballpark completely there's there's future of trading knowledge which allows you to kind of do what i've done on the screen today very simply very easily redundantly every single day and then there's blueprint or sorry butterfly effect blueprint equally as important blueprint is is crucial blueprint is a lot of stuff like this and then there's butterfly effect which is a more tackling you know those things where you guys want to know the exacts that's that's not that's not a one one minute answer that's like a 40 lesson course not a one-minute answer not something i'll uh i'll tackle maybe we should just be careful about knowing where trends are be careful until you're at that level be careful because you can trade information that you think is relevant but if you don't understand what is communicating to you it's almost pointless right like it's almost pointless to trade that information because you're just kind of hoping at that point you have like a trend mark then you're like oh is this right or not i hope it's right so let's try to trade it that sounds like a recipe for disaster to me because all i did was just mark some whole bubbles we know where to be true right i just marked some what what we know what's true about these that they're hold levels and they're untested okay well yes there this is true so we can take a trade there so i i just be careful about trying to like guess information that would be my advice on that question yeah crazy times um i think that's why it was so important to have this workshop because this is really like a big piece of starting to unlock an income for people so i think there's a mix of uh traders i think there's people who are aspiring to make this their career and i think half of the people here already have been able to take fot and all this stuff and are making a career income already so this is kind of just no matter what stage of trading you're at this is like okay it's time to level you guys up it's time to show you how i trade and how real day trading is done we call it day trading for a reason trade what's in the moment and that's it think there's no matter where you're at in in your trading journey this is crucial because to give you guys a bit of inspiration now maybe we talked about some very scaled down spots of okay profits when you're using say 100 exxon on 2 000 or 2500 you look at this and it's like wow there's 7 500 to be made here and there's seven thousand five hundred to be made there and then and then another five thousand to be made here so so in a few simple moves on the chart today there was like twelve thousand dollars of profits this isn't that far-fetched because there are people who are training this type of money in this chat right now what does that look like if you work 300 days a year four million dollars a year talk about inspiration what if you only used a court what if you only used 500 bucks right so what if instead of 12 500 and using the maximum size positions for kind of a default account and you just took maybe we talked about we didn't make maybe maybe we had an off day and so we didn't make the three here and the two there and that was only two moves actually there's there's quite a there's quite a few moves in this trade there's actually a lot there's probably about 15 percent you could have made in here if you had caught every piece of the move and you'll have days like that where you catch every single piece and it's like wow i caught it all today on an off day you'll catch 15 of it which is which is hundred percent so say you were trading with five hundred dollars and you only got two one percent trades and you see a thousand dollars times three hundred that's 300 grand still even only using a 500 position if you want inspiration financial inspiration anyways that is on using the the most scaled down version of just day-to-day grinding like this you're making just under 100k you're making i think we had 90k by using 100 bucks if you use 500 bucks you're you're making like 300k a year like and this is how we start this is how we start to build our empire not the final form right so this is this is how we start so you just keep that in mind like like i said there's people in here who are using 2500 positions and if they only caught a few percent today and they do this every day that's like over three million dollars a year like this is money that professional athletes make right so so that's what i mean like there's one step at a time and you guys will build an empire and that's how it happens one step at a time build an empire one step at a time if you lose money in a trade it doesn't matter just focus on the next one let it be only ever trade with what you're willing to lose if you're only willing to lose 100 bucks on each trade put it on the trade trust your technicals move on the more levels i put on my chart the more stressful felt trading absolutely that couldn't be more true overload right information overload the only thing we ever need to know is this this is all we ever need to know so you'd go here and you'd be like wow that's such a tiny piece yeah for sure just that's all you need to know it's just such a tiny piece imagine getting in this trade or yesterday from this trade that's bonus money that's just like bonus that's a bonus pay for just making a smart decision right because all we ever need is this and it happens you can see that on the charts that happens every single day crude oil like i was looking at charting crude oil believe this one yes even crude oil like the levels are it's all the same this is stock markets literally all the same so when you look at this move it's just like trading in the moment you have your two levels the same thing you're gonna hit this level test and move up have another move up off this to that range there you're gonna come pulled back it's all the same and this is this is crude oil so you know i was doing this for a company same kind of ranges that everything is you know the world is testing right now there's the same thing and there's crude oil over the course of a couple days there's like 30 something percent in here to be made 25 there and then there's another easy 10 trade on on crude oil the dow same thing it's like it's all the same not that guy but this is you know fine that's that's fine but there's i'm sure there's a different dji chart i use yeah so so dji same exact thing like it has it's a very specific level it's all the same crap perfect perfect perfect one two three right so so i do do this stuff for some people who ask for help on different things so you know what are you looking at oh look at that whole level very easy decision hey we got an untested whole level let's throw the just throw some beans on it right or whatever you want to call it untested hole level right here hey he's made eight percent in the stock market you know how much money that is in the stocks when you start putting contracts that's like unbelievable money you know oh yeah you just you know go through the next one and there's another 20 so you know it's like all the same guys this is one of those kick yourself moments it seems so simple yeah absolutely it it is it is simple but at the same time not really this took me years and years and years to perfect this stuff so while it may seem simple i think that's because i'm a good teacher i don't i don't necessarily think it's because it's simple i think i just teach it very well don't discredit it or yourselves right like it's not it's not simple it's uh it's actually not simple at all i make it seem simple but again that's because i've got you know so so much experience teaching now that i can you know help you guys understand this stuff very quickly and very fast when you over analyze something it makes it so much harder to see what's happening not that this is all simple yeah exactly that over abundance of information is good but it's almost like you start marking on all these levels on my charts when i'm when i'm day trading the only thing i will even look at on these charts one event out here and the next event up here which is right here that's it that's all i care about just this is my range for the day this is like oh if we this probably won't happen for a week and this probably won't happen for a few days what am i supposed to do if that stuff's not happening if that stuff's not going to happen this probably isn't going to happen for another week and this probably won't happen for a few days maybe it happens today i don't know i guess it depends on the architecture of the chart and how it unfolds for the rest of the day today right maybe i can help it move here if i take enough good trades and short or short in the right spots with a bunch of people or like a bunch of people short and i help and join in right if i do my part i guess as they say do your part what do i need to know outside of this i don't care and then fine so it doesn't hit this i go to sleep for tonight it hits this level it has a crazy bounce i miss that it comes down here and then we'll be here and then i'll just create a new range to target and trade and i'll just create this range and i'll say okay well we have an untested level right here oh that looks good okay so what do we have here yeah i don't trust this that's tested you see we've got to test that level right there that's true i don't trust that anymore now so we just go right here yeah maybe maybe on a smaller time frame it's a valley but yeah this is a nice little four hour right here yeah this is a good one so you know there's my range very simple very stress-free very tactile on my screen right right there pretty clean level nothing's touched it just like this one's a pretty clean level so over time i expect this and then this and that but these are moments where it's like okay i expect this but let's make money on it right so it's just like one at a time but for now let's not even mark this because i just really don't care i really don't care to have anything outside of this range everything else is like it's good like fine mark your levels like we did before and i had all the levels marked and i walked you guys through and i was like oh yeah i go here and do this and mark that you know but there was a point to that it's like okay mark these levels what's the point why why are you even marking them they don't help us make money it's it's really good analytically to understand what the larger events are happening on the chart so yeah okay fine we do need these big big big boy trends like oh we needed this big boy trend right here to see that we're losing the small yeah yeah we do we do need some of these bigger events for sure so so we need one up here and we need this one down here other than that i don't see why we would need anything not to make money anyways to understand analytically what's happening on this chart yeah we need an overabundance of information but we don't make decisions with money on that so it's like a different state that we enter one is a making money state or one is a pitch where we make money right like it's it's the tone of what we do is making money and the other one is analyzing the charts they're two separate things right we don't uh we don't we don't mark a million levels on our charts to sit there and say well if there's only two events ever happening guys think about it for a second like if there's only two events ever happening even right now in this moment so that's the tested level right there so okay that would have been perfect three entry that's that's like really nice damn we missed that no no problem maybe we can even catch a trade while we're what we're doing this year so so we got to find like kind of like the next untested level here right so then like we can go super greedy and we can do like this one right here like that one right there right you just so we're just going to take this level here it's red i don't care what color it is it doesn't matter to me because i actually i only ever use the next level anyway so this is gone this is gone i don't need that i don't need that this is tested and this is tested so then really like what are we looking at here let's kind of go here and there's nothing inside of there yeah we're probably just pulling back right now maybe maybe maybe we could like come up to this range here some of these like 30 second hold levels maybe i don't know about that maybe like here we come back up to here and then dump i suppose right here is not bad too so what would be next here let's try to find what's next on the top side nothing really you know like nothing like we already hit this right like there's no decision to be already hit this why are we going to answer it again yeah like this right here and if this one collapses which i fully expect it to i'll go after this here it's kind of like two trades one two so where will this bounce to kind of like a little one minute hold in here something like that so that's like kind of my next trade something like this from here to here or possibly so there's point three seven percent here it's not that much 0.6 here yeah looks good 60 off a little couple minute trade yeah right there there it was perfect trade let's see if it works it's already a touch level on binance it's possible go take a look no we're on a four-hour chart here oh boy hi it was touched already too oh you're right son of a gun so i mean this trade was already taken too okay so i wonder why x okay well i mean i'm not charting on xbt to go trade on binance so if this was already touched i just simply went by it so that's already touched it means whatever's inside this range right here is actually the untested level this would have been our next untested level right here so it looks like it kind of targeted something right here this is like the higher time frame hold i guess the three minute but again when i'm trading binance i'm not using i'm not using uh what's it called i'm not using xbt to trade binance like if i'm trading on binance i'm just trading on binance if this level's already touched i wouldn't buy it again