Trading Performance - The trader aimed for a daily profit goal of $4,000 [1] - The first trade resulted in a profit exceeding $4,000 [1] - The second trade incurred a loss [1] - A subsequent trade on Soul yielded approximately $1,800 in profit [2] - The total profit for the day surpassed $5,400, exceeding the daily target [2] Trading Strategy - The trader employed short positions in crypto trading [2] - Stop-loss orders were used to manage risk [1][2] - The trader adjusted stop-loss levels to secure profits [2]

Umar Ashraf Shares His 8 Million Dollar Trade #trading ...

So, I'm tapping in long here. All right. Now, we're starting to get a really nice move in our direction.Ideally, ETH flips and we trend all day. Starting to move really beautiful. Now, I'm going to target equal highs.We're up about 3,000. All right. I'm taking this off for like 650.What a move to just get wiped. ...

which one are you right now? #trading ...

Trading Strategy - The strategy involves identifying reaction levels after a retest, potentially following the New York open, with the expectation of a downward movement [1] - Multi-time frame analysis is used to trail the trade [1] - The strategy utilizes Elliot wave patterns to identify potential trading opportunities [1] Risk and Reward - The trader initially risked $1,000 with a target of achieving a 14x return, aiming for $14,000 in profit [2] - The trade was closed with a profit of $7,300, indicating a successful risk-reward outcome [2] - The strategy involves allowing trades to "breathe" or fluctuate to potentially achieve larger gains [2] Technical Analysis - The analysis suggests a potential test of a fair value gap area at the 2618 level, based on a 1618 level hit at point three [2]

Eight years ago, I was a college student with no idea what I was doing, trying random strategies, trying to grow small trading accounts. And in the beginning, my first summer, I took about $2,500 and flipped it into over $15,000, only to make one stupid mistake and blow all of it in one day. After that, I spent years clawing back acquiring information.But fast forward to now, I'm lucky enough to have 15, sometimes $30,000 profit weeks and have scaled my trading and investing capital well into seven figures. ...

Technical Analysis Tool Application - The parallel channel tool can identify potential price reversal areas by locating highs and lows [1] - This tool helps predict where the price might react [1] - Identifying reversal points using this tool, combined with other technical analysis, allows for tight risk management and high reward potential, potentially yielding 7-10x returns on the risk [3] Price Action Observation - Price movements often exhibit patterns, such as making its way with big candles [2] - External areas can act as flip zones, leading to expansive moves [2] - Specific areas can serve as reversal points before price retraces [2] Tool Limitations - The parallel channel tool should not be used in isolation [3] - It is more effective when combined with an understanding of trends [3]

You can see we have bullish candlesticks and then we have bearish candlesticks. Okay, bullish is indicated by a green candle. On my chart, it is a white candle but still giving the same information.Okay, which is basically telling us that this is the entire movement over whatever time period this is. Whether it's 1 hour, 1 minute, doesn't matter. That's how much the candle was moving over that period of time.This is the high, this is the low. Considering this is a green candle, this is the opening price and ...

It's not going to just come naturally. It's not going to come easy. You have to say like you got to be serious about this Yeah.It's a job, right. This is not something you put around with. People always come to me and say like, "Oh, I want to make some quick money. Like, can you show me how to trade?" And I'm like, "You have no idea what you're saying, right?" Like, it's the opposite of what actually is is going to happen.You're going to lose quick money. It's a job, but if you master it, the income potenti ...

you could give two people a profitable strategy like and there's lots of profitable strategies but it really comes down to like if you can actually execute it. I think that's the missing piece. Everyone's trading the same information if you think about it.>> Absolutely. >> So you have access to the same stuff. It's just like can you actually in that wide ocean of information and opportunity and infinite things you can do to make money or lose money.Can you actually set up constraints on yourself and repeat ...