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]

Trading Strategy & Analysis - The trader uses technical analysis, including Elliot Wave theory and Fibonacci multiples, to identify potential directional changes in the market, specifically focusing on Bitcoin and Solana [7][8][9][12] - The trader identifies and targets fair value gaps (FVG) as potential entry and exit points, using custom indicators to confirm trading criteria [14] - Risk management is crucial, with the trader calculating risk-reward ratios (e g, aiming for 67% return on risk) and setting stop-loss orders to contain potential losses [17][18] - The trader emphasizes the importance of adapting to market volatility, adjusting stop-loss levels, and taking profits at key support and resistance areas [19][25][32] Trade Execution & Performance - The trader aims for high-quality setups, prioritizing risk reduction and letting winners run, rather than focusing solely on the number of trades [47][49] - On a specific day, the trader executed three successful trades, resulting in a total profit of $8465, with a win rate of 66%, significantly higher than the usual 37-40% [29][37][44][55] - The first trade resulted in a $211 loss due to being stopped out at break even, while the second and third trades yielded profits of $4162 and $4500 respectively [28][37][42][55] - The trader demonstrates the potential for significant returns by scaling risk, illustrating that even with smaller capital (e g, $50 or $100 per trade), consistent profits can be achieved [57] Market Bias & Asset Focus - The trader uses Bitcoin as a guide for the overall cryptocurrency market, while also analyzing other pairs like Solana and Ethereum [6][7][11][12] - The trader identifies key levels of support and resistance, using them to determine potential entry and exit points for trades [10][11][21][31]

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 ...

Trading Strategy - The "oversize underside retest" is highlighted as a highly effective trading technique [1][2] - The strategy involves identifying trend levels and observing price action around these levels [1] - Key elements include price testing trend levels in closer succession, a change of character, and a breakout followed by a retest of the opposite side of the trend [1] Application - The strategy is applicable to both uptrends and downtrends [1] - It aims to position traders to capitalize on significant market movements [2]

Trading Strategy Overview - The core strategy revolves around identifying areas where price is expected to move in a specific direction, while maintaining contained risk [7][8] - The strategy uses a combination of indicators, price action analysis, and confluence factors to filter out noise and identify high-probability trading opportunities [9][20] - The strategy emphasizes simplicity in charting to improve clarity and repeatability in trade execution [7] Key Indicators and Tools - The strategy uses custom indicators like "it Foundation" to identify the New York Stock Exchange open at 9:30 [5] - "Inevitable Trade Pro Plus" is used to highlight overvalued and undervalued areas based on RSI [5] - Trend line tools, trend-based Fibonacci extensions, and rectangle boxes are used for technical analysis [6] - Lux Algo's fair value gap indicator is used to identify potential areas of price reaction [6] Core Trading Principles - The strategy focuses on identifying trends after the New York open at 9:30, looking for price movement in a positive or negative direction [10][11] - Identifying overvalued or undervalued areas is a key component, but these indicators should not be used in isolation [12][14] - The strategy incorporates "change of character" to identify potential trend reversals [15][16] - Fair value gaps are used to pinpoint high-potency areas for potential trades [18][19] Risk Management and Profitability - The trader aims to achieve approximately five positive risk factors per week, which translates to one per day [8] - The strategy involves containing the downside and allowing winners to run [9] - The trader emphasizes the importance of consistency and letting winners run to maximize profitability [56] - The trader's win rate is in the high to medium 30% range, indicating that managing losses is crucial [27] Confluence Factors - The "oversight underside retest" is a key confluence factor, involving price breaking and retesting trend levels [29][30] - Fibonacci projections are used to identify potential trend reversals based on the golden ratio [33][34] - The strategy considers whether a five-wave pattern is complete and if the Fibonacci levels align with potential reversal points [36][37] Entry Model - The entry model involves waiting for price to come down into the midpoint of a fair value gap, known as the consequential encroachment level [38] - The trader anticipates these levels and positions risk outside of the candle producing the fair value gap [39][41] - Risk is reduced systematically as the trade moves in the desired direction [53]

Trading Strategy & Market Understanding - The trading industry emphasizes that no single strategy guarantees success consistently [1] - The industry highlights the importance of understanding market dynamics and individual trading psychology [2] - Consistent effort and experience are crucial for interpreting market signals effectively [2] Performance & Opportunity - The trading industry suggests that strategies yielding small advantages accumulate significantly over time [2] - Focusing on minor differences and identifying opportunities is key to achieving success in trading [3] - The industry acknowledges that there are no easy solutions or "magic silver bullets" in trading [3]

All right. So, I'm 28 years old. I make a living trading crypto.And I'm telling you, it's no different than playing a video game. So, to explain what I mean, I'm just going to show you exactly what I did today. So, first of all, this is Trading View where I'm doing my charting. And this is where I'm actually executing my trades.Okay. And what I'm looking for are for up and down trends. So, when price is generally moving up, that's an uptrend.And then periods where it's moving down is a downtrend. Okay. So, ...

something that I always stick to, and I'm sure that you also feel this way, whether you thought of it this way or not, you don't rise to the occasion, you fall to the levels of your systems. So, if you build systems, whether you're motivated, you're feeling down in the dumps, you know what to do. And I think that making a decision and taking action, even if it's the wrong action, is better than being paralyzed and not doing anything.Because in those moments, make a decision, execute on it, start working on ...