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 ...

Trading Strategy & Risk Management - The trader aims to capitalize on developing trends, identifying weaknesses and reversals at critical junctures, focusing on fair value gaps [8][9] - Aims to lock in profits by taking off 50% of the position when it doubles the initial risk, balancing potential upside with equity curve management [10] - Increased dollar amount risk up to $1,000 per trade [4] - The trader acknowledges the inevitability of losses and emphasizes the importance of keeping risk contained [13] - The trader sets a rule to terminate the trading session after three consecutive losses to manage risk [20] Market Analysis & Instruments - The trader primarily focuses on day trading cryptocurrencies, with a macro view of Bitcoin to understand the overall market index [6] - Actively monitors a watchlist including Solana, Ethereum, and Adam for potential trade opportunities [11] - Utilizes TradingView for charting and analysis, an exchange for trade execution, and Notion for trade logging and data tracking [4][5] Trading Session Performance - The trading session resulted in a net loss of $2,400, representing approximately 24% of the risk factors, with a low win rate of 14% [55] - Experienced multiple losses throughout the day, highlighting the challenges of maintaining emotional control and avoiding revenge trading [33][34] - Despite facing losses, the trader emphasizes the importance of sticking to the trading process and trusting that profitable setups will eventually emerge [40] - The trader transparently shares both winning and losing trades to provide a realistic view of the trading experience [23][56]

Trading Performance - The trader initially aimed for a daily profit goal of $4 thousand [1] - The trader experienced both winning and losing trades, including taking a full loss on one trade [1][2] - Despite a 16% win rate and five losses, the trader ended up over $1 thousand [3] Risk Management - The trader actively managed risk by reducing it to zero or break even on certain trades [1][2] - The trader took breaks to reset after experiencing losses [2] Trading Strategy - The trader entered both long and short positions in crypto [1][2] - The trader aimed to capitalize on price movements and breakouts [1][2]

Trading Strategy - The firm utilizes a cryptocurrency trading strategy called TCLM [2] - The strategy involves identifying trends and playing into dips for continuations [3][4] - The firm uses a 3-minute time frame to evaluate market movement [2] - Moving averages should move in the same direction to confirm the trend [3] - Custom Fibonacci settings are used to identify potential entry points [3] Technical Analysis - The firm analyzes the low-to-high range to determine custom Fibonacci settings [3] - The firm looks for dips in the market to play continuations towards take-profit levels [3][4] Cryptocurrency Watchlist - The firm maintains a watchlist of cryptocurrencies for trading [1] - The firm manually searches for trading ideas [1]

But I think what's really important to understand whether you're trading already or you're not is that what we're seeing here is a visualization of mass human psychology whether it's through algorithmic trading or actual trading. But nonetheless, what we're looking at is collective decision-m as to whether something is valued at a higher or a lower level. And what our job is as traders is to figure out areas of the market doing all sorts of analysis.Say for example here where the market has a higher probabi ...