Fire your inner day trader. Hire your inner tortoise. ...

In this video, I'm going to take you through an entire day of my live day trading. I'm going to give you a look inside my complete process, show you my indicators, my strategies, as well as my real-time entries and exits and the real profit and losses that come with them. So, you can basically watch and learn from my strategy in real time.And I like to do these live trade videos every so often as part of a series to keep you guys in tune with what we're working on on our private team because obviously it's ...

Core Viewpoint - The Financial Industry Regulatory Authority has proposed amendments to the pattern day trader rule, potentially lowering the entry barrier for day trading by replacing the fixed $25,000 minimum account balance with a more flexible intraday maintenance margin rule [2][4]. Group 1: Regulatory Changes - The proposed amendment would allow day traders to maintain only enough margin or equity to support their positions throughout the day, rather than a fixed minimum balance [2]. - The original pattern day trader rule was established in the early 2000s to mitigate risks associated with small and leveraged traders following the dot-com bubble [3]. Group 2: Impact on Investors - If the amendment is approved, it could make day trading more accessible to smaller investors who previously could not meet the $25,000 requirement [4][5]. - The change is expected to democratize day trading, allowing more everyday investors to participate in the market [5]. Group 3: Market Considerations - Despite the potential for increased accessibility, day trading remains a fast-paced and risky endeavor, with market conditions capable of changing rapidly [6]. - Investors are advised to fully understand the differences between margin and cash accounts, as these can significantly impact trading speed and potential losses [6].

Trading Performance & Strategy - Trader aimed for $20,000 weekly profit, starting the day $7,000 away from the goal [2] - Initial trading strategy involved identifying trend areas on smaller time frames, using indicators to find overvalued or undervalued areas, and capitalizing on fair value gaps [6] - Trader typically risks approximately $1,000 per position, aiming for profits of $3,000-$7,000+ per position [7] - Trading strategy focuses on early entry into potential trends, with contained risk [7][9] - Trader emphasizes keeping losses small and allowing winners to run, rather than consistently locking in profit [28][29] - Trader is considering increasing position sizes and risking $5,000 due to perceived accuracy and consistency [80] Specific Trades & Outcomes - Day trading resulted in a net profit of $8,592, contributing to a weekly profit of $21,500 [66][67] - Win rate for the day was 64%, significantly higher than the trader's normal win rate [67] - First trade resulted in a $1,500 loss due to a trend break fakeout [69] - One successful trade generated $3,000+ in profit by identifying a sell signal using a proprietary indicator and trend following [57][77] - Another trade on Ethereum locked in $1,257 profit on the front half before being stopped out at break even on the other half [75]

Please enjoy!Riz Iqbal (@Wordsof_Rizdom):Day Trading is Changing Forever, Prepare Yourself or Be Forced To STOP Trading!@RaoulGMI is an Investing & Crypto Expert who predicted the 2008 Financial Crisis, Predicted the Price of BTC to be $100,000 back in 2011He’s now identified the BIGGEST opportunity of our time 👇 https://t.co/Agc7ccWYij ...

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]

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]