In this video, I'm going to take you through an entire day of my live trading. So, you can see inside my process, my strategy, the indicators that I use, as well as the specific trade entries, exits, and the real profit and losses that come from me taking these trade decisions in real time and basically explaining my thought process to you. I've been day trading for over 8 years, and these live trade videos are a series that I like to do every two weeks to basically keep you guys on YouTube up to date with ...

we all start somewhere 😂 #trading ...

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]

Trading Strategy & Mindset - Focus on high-quality trade setups and avoid forcing trades to adhere to a trading strategy [3][5] - Master trading as a game by focusing on expectancy and units of risk rather than immediate monetary gains [10][11][12] - Avoid taking profits too soon, instead, predefine profit targets and risk management strategies to allow winners to run [24][31] - Focus on mastering one trading strategy at a time, emphasizing data-driven analysis and journaling to improve performance [35][38][42] Risk Management & Capital Preservation - Preserve capital by setting a maximum loss limit per day (e g, three total loss amounts) to prevent significant drawdowns [46][50] - Avoid setting and chasing daily profit goals, instead, reverse engineer success by focusing on a repeatable strategy and process-based goals [54][58] Psychological Aspects of Trading - Be aware of confirmation bias and actively seek reasons *not* to enter a trade to ensure objectivity [7][8] - Recognize that trading is about making money, not just being right, and focus on executing the plan precisely [20][23]

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 ...