We just broke underneath this critical low level. We're up about $1,600. So, [Music] normally I'd be taking some size off here and reducing risk, but this could be a big trade if we do get a little bit of momentum.So, I want to let it breathe a bit. I'm sort of waiting for price to come down and be able to touch this area, at least get us a 1 to4. [Music] All right, so we're getting a nice move down, but this area is going to be a big area for support.So, I'm going to go ahead and lock in 1300 here and leav ...

We just broke underneath this critical low level. We're up about $1,600. So, [Music] normally I'd be taking some size off here and reducing risk, but this could be a big trade if we do get a little bit of momentum.So, I want to let it breathe a bit. I'm sort of waiting for price to come down and be able to touch this area, at least get us a 1 to4. [Music] All right, so we're getting a nice move down, but this area is going to be a big area for support.So, I'm going to go ahead and lock in 1300 here and leav ...

Trading Foundations - Trading involves creating rules and strategies to filter market data and generate profit over time [6] - Success in trading is not about being right, but about managing risk and reward, with win rates as low as 36% being profitable [7] - Traders analyze market data to identify areas where price is likely to change direction, aiming to make 5x the risked amount [7][8] - Key tools for day trading include Trading View for charting and analysis, brokers like Blowfin or Bybit for crypto, Topstep for stocks/futures, and a trade journal for data input [13][14] Technical Analysis - Identifying trends using trend lines helps determine potential areas for price reversals [27][28] - Fibonacci retracements (236%, 382%, 50%, 618%, and 786%) are used to find key levels for potential price reactions [31][32] - Fair Value Gaps, identified by gaps between candle wicks, indicate high-impact zones for potential entries [37][38] - Trend-based Fibonacci extensions, combined with five-wave patterns, can help predict the tops of trends [41][43] Trading Psychology and Risk Management - Trading success relies heavily on mindset, understanding that being wrong on a trade doesn't make it bad [45][47] - Risk management involves setting stop-losses and calculating position sizes to maintain a fixed risk factor, such as risking $100 per trade [51][52] - Even with a low winning percentage (e g 30%), profitability is possible by allowing profits to run and maintaining a good risk-reward ratio (e g 36%R average win) [59][60] Strategy Building and Testing - Building a trading plan involves observing patterns, creating a rule book with entry criteria, and testing in a simulated environment [67][68] - Backtesting using bar replay mode on Trading View and a trade journal helps quantify the strategy's winning percentage and average win/loss [70][71] - Paper trading on an exchange with demo funds allows for real-time execution in a simulated environment before risking actual capital [78][79]

A lot of people think that you need to have nerves of steel to start trading and that you need to be courageous to put on bets. Whereas realistically, trading is a game of mastering yourself. Everyone has the same information. Everyone is basically trading almost the same exact thing.The only difference is you. You're the one executing the trades, you're the one making emotional mistakes, you're the one who's taking all these actions on a market that has infinite possibilities. So, the sooner that you under ...

about to get another #trading ...

Trading Strategy - Day trading emphasizes risk elimination, exemplified by adjusting stop-loss orders to break-even levels upon price retracement [1] - Trend confirmation requires a candle close below a new low, establishing a sequence of lower lows and lower highs [2]

So, I was watching this trend and was able to get filled right on this important fair value gap area into my critical resistance area here as well. Okay, so just off of this trade, I was able to lock in 4162. [Music] All right.So, it's about 8:45 in the morning right now. Market opens at 9:30, which is where all the movement is going to start. So, what I'm doing as a day trader now is trying to figure out generally which direction I think the market is going to move.So, it's my job to basically do analysis ...

With Trump's tariffs dumping the markets, let's see if I can day trade it. It hit my 4K profit goal. All right, so first trade of the day.I'm getting in on this fair value gap. I'm going for big wins today. It's edging my stop loss.First trade out of the gate was a loss. Starting to get that first candle to respond, which is what I want to see. I'm going to go ahead and reduce risk to break even.All right, so I'm in right at this level. I want to see immediate flip. We got a really nice initial move down.I ...

Sharing A Million Dollar Secret.... #trading ...

So, my number one favorite confluence that is basically one of the secrets of my trading is something called the oversize underside retest and it's really simple, but it's probably one of the most effective things in trading. As we're waiting for our trend to develop, we can draw a trend level along these low points. As we're getting our change of character, or maybe even before we're getting our change of character, what I'm looking for is for price to come up after touching this trend level in closer and ...