Boot Camp Day 29: Trading Plan

00:23:22
https://www.youtube.com/watch?v=065lMUrD_kg

Résumé

TLDRIn this video, the speaker humorously discusses the creation of a profitable trading plan, focusing on key elements such as risk management, designated trading times, and the importance of understanding support and resistance. The speaker encourages viewers to systematically approach trading, emphasizing the need to define daily risks and limit trades to high-probability setups. By stressing the discipline required in trading, the speaker motivates viewers to treat trading with the seriousness it deserves, avoiding low-probability trades and excessive pairs until mastery is achieved.

A retenir

  • 🚀 Understand your trading plan: It's essential for success.
  • 💰 Prioritize risk management to know your limits.
  • 📈 Focus on one trading pair until you gain proficiency.
  • 📅 Designate specific trading times to stay disciplined.
  • ⚠️ Avoid high-impact news events while starting out.
  • 📉 Limit your daily trades to one or two high-probability setups.
  • 🔍 Be aware of your emotions and maintain discipline in trading.
  • 📊 Write down your strategies and the reasoning behind them.
  • 🤖 Trading should be systematic and rule-based.
  • 📚 Ongoing learning is crucial for becoming a profitable trader.

Chronologie

  • 00:00:00 - 00:05:00

    In this stage, the speaker expresses emotional exhaustion humorously while acknowledging their pet, Boogie. They transition to discussing the video topic by referencing a familiar song from Mulan, indicating a shift into a more serious context about trading and preparation. They welcome the audience to the first step in turning into a profitable trader, teasing that previous teachings were misleading, while emphasizing the importance of understanding support and resistance in trading.

  • 00:05:00 - 00:10:00

    The speaker lays out a foolproof trading plan that involves risk management, emphasizing the necessity of predetermined risk levels to avoid emotional reactions when losses occur. They encourage the audience to write down their daily risk limits and the number of trades to take. The speaker shares their trading approach, including specifics about lot sizes and risk allocation. They advocate for a disciplined approach to trading, recommending one or two high-probability trades per day, contingent on the individual's ability to manage risk.

  • 00:10:00 - 00:15:00

    Continuing the trading plan outline, the speaker stresses the importance of designating specific trading times and avoiding distractions during sessions. They explain their own trading preferences and the significance of sticking to a particular session (such as the New York Stock Exchange opening) to achieve better results. Additionally, they caution against trading around high-impact news, promoting a methodical approach by urging the audience to determine their trading preferences and avoid unnecessary trades.

  • 00:15:00 - 00:23:22

    The speaker concludes the trading plan by advising viewers to focus on trading one asset at a time, rather than trying multiple pairs. They reinforce the idea that mastering one pair can lead to increased profitability, sharing personal experiences with different trading assets. The speaker elaborates on the importance of identifying confluences in trading, encouraging detailed documentation of strategies while signaling the continuation of the series with a promise of further information in upcoming videos.

Afficher plus

Carte mentale

Vidéo Q&R

  • What is the main topic of this video?

    The video focuses on creating a profitable trading plan and understanding key concepts like risk management and trading strategy.

  • What should be included in a trading plan?

    A trading plan should include risk management, designated trading times, trading pairs, and entry strategies.

  • How many trades should one aim to take in a day?

    The speaker recommends taking one high-probability trade per day, with a possibility of two if managed properly.

  • What is the importance of risk management?

    It helps traders understand their daily loss limits and prevents emotional reactions to trading outcomes.

  • Can traders choose multiple pairs to trade?

    The speaker advises beginners to stick to one trading pair until they become proficient.

  • How do I know when to enter a trade according to this video?

    You should enter a trade based on a well-defined trading plan, ensuring all confluences align with your strategy.

  • What role does news play in trading decisions?

    The speaker suggests avoiding high-impact news events when starting out to maintain a high win rate.

  • How does the speaker feel about trading spontaneously?

    The speaker criticizes spontaneous trading and promotes a structured approach instead.

  • What preparations are necessary before starting to trade?

    One should have a clear understanding of their risk, trading pair, and session, as well as a solid trading plan.

  • What is the conclusion of the video?

    The speaker encourages viewers to work on their trading plans and prepare for future content that will build on these concepts.

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    give me a second give me a second no no
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    no
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    no
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    you thought you would get away from me
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    this time didn't you
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    little
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    yeah baby
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    no food
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    no water
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    all right
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    Boogie
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    Boogie finally let me hit so I got some
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    some new energy in me
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    ain't that right Boogie
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    I'm not ready for round two
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    I'm not ready for round two Boogie I'm
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    not ready for round two
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    I'm not stop licking your lips
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    I'm not ready yet
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    you took it all out of me Boogie
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    look at him he wants it
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    anyways all right
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    let's get down to business
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    to defeat
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    the Huns y'all remember that y'all
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    remember that song from Mulan
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    he said let's get down to business
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    [Music]
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    be a man you must have the strength of a
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    raging River
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    mysterious as the Dark Side of
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    the Moon
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    oh
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    all right let's get started
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    can you even read that I can't even read
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    that bro
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    can y'all read what that says bro
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    barely bro I hope this turns out I can't
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    even read that on that
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    can't even read it
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    don't look at my jawline
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    oh [ __ ] all right
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    okay guys welcome to the first step at
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    turning into a profitable Trader
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    everything that I've been teaching you
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    before this
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    was a lie
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    okay I was lying I was lying to you
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    today we are going to teach you
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    support and resistance I'm
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    [Laughter]
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    serious
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    did I get ya did I get that little
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    little guy
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    foreign
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    sometimes I will re-watch these YouTube
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    videos and I'm like what was I on
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    and let's do it again
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    whoa
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    whoa you can literally see my
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    whoa that was serious that was serious
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    okay now we have to start after that
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    that was absurd
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    wow whale tail arch in the back all
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    right so in all seriousness today is how
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    to pretty much I I gave you guys like an
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    outline of how you guys should outline
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    your trading plan
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    to make it so you you can't [ __ ] up okay
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    like this is this is a
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    like a foolproof idiot
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    you guys proof plan you just need a
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    pencil and a paper Okay so pull it out
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    all right and we'll Jump Right In okay
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    so this is your gonna be your trading
  • 00:05:22
    plan mock-up
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    okay
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    and we're just gonna go through the
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    steps together and as I'm asking these
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    questions you're literally going to
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    write down like
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    you know like oh I have to add one
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    I knew I was missing something
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    okay now we're done
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    okay so this is the this is the mock-up
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    of kind of
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    you know like what I'm
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    what I'm expecting you guys to make your
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    your little thing look like your trading
  • 00:06:07
    plan okay so the first thing you want to
  • 00:06:08
    start with is obviously risk management
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    that's one of the most important things
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    for this
  • 00:06:12
    Okay so
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    first we want to pre-designate our risk
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    so we know what we are risking every
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    single day
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    we know exactly how much we're losing we
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    know exactly how much like we know
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    exactly how much we're going to lose so
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    when we lose it we're not crying like a
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    little baby like all of you guys you
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    know breaking your [ __ ] and screaming
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    here Mommy
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    okay we're done with that all right what
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    is our pre-designated risk are you going
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    to use a set lot size
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    and I can and I'll make a video on this
  • 00:06:43
    later
  • 00:06:45
    okay we're just going and again like
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    that you guys shouldn't necessarily be
  • 00:06:49
    like trading yet because we haven't even
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    gone over strategy and how to put
  • 00:06:53
    everything together
  • 00:06:54
    okay yes maybe some of you guys like
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    have watched my stuff before and you
  • 00:06:57
    guys will understand this but for the
  • 00:06:59
    peop the people that started at the
  • 00:07:01
    Baseline
  • 00:07:03
    are you going to want to use a scent lot
  • 00:07:05
    size so you don't have to calculate it
  • 00:07:06
    every single time that's what I use I
  • 00:07:08
    use multiple set lot sizes based on how
  • 00:07:10
    how
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    like my risk allocation for the day so
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    there's like
  • 00:07:16
    high risk regular risk and low risk I
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    have three set lot sizes that I kind of
  • 00:07:20
    cycle between that I determine on you
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    know like what I'm using for the day and
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    that'll be a whole separate video maybe
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    that'll be the next psychology days
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    video
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    okay or are you going to use a
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    calculated lot size meaning you're
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    literally going on a law size calculator
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    typing in your account balance typing in
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    the percent that you want to risk typing
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    in your pip your stop loss in Pips and
  • 00:07:42
    then it spits out a lot size and then
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    you enter that into your metatrader and
  • 00:07:45
    you enter that's what most people do and
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    that just takes a little bit too much
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    time for me and I and I've gotten really
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    good at guesstimating what my lot size
  • 00:07:53
    should be based off of how my stop loss
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    looks a lot of you guys should use a
  • 00:07:57
    calculator lot size a lot of you guys
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    shouldn't use a predetermined lot size
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    because you won't know what you're
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    risking
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    what else do we have to do to
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    pre-designate our risk so we got the lot
  • 00:08:08
    size down we know the monetary value and
  • 00:08:11
    then also how many trades are you taking
  • 00:08:13
    I recommend one trade a day that's what
  • 00:08:16
    I do one trade a day sometimes I'll take
  • 00:08:18
    two but when I take two I also
  • 00:08:21
    understand my risk I usually know that
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    I'm willing to take two that day and I
  • 00:08:25
    de-risk on both those trades so it
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    pretty much equals out to the to the
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    risk of one trade I'm only willing to
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    risk so much money for one day
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    I know the amount of money that I'm
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    willing to risk for each day and if I'm
  • 00:08:39
    taking two trades those two trades will
  • 00:08:41
    add up to that risk for the day if I'm
  • 00:08:43
    taking one trade that one trade will add
  • 00:08:44
    up to that risk for the day so I know
  • 00:08:46
    what I'm risking day in and day out
  • 00:08:48
    and you guys need to do the same
  • 00:08:50
    okay so write down what loss are you
  • 00:08:53
    going to calculate your lot size every
  • 00:08:55
    single time what are you risking every
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    single day what is the monetary value
  • 00:08:58
    that you're willing to risk every single
  • 00:08:59
    day how many trades are you taking a day
  • 00:09:01
    and this isn't to say don't say five
  • 00:09:04
    trades because you're going to lose all
  • 00:09:05
    [ __ ] four of them and loot and win
  • 00:09:07
    one
  • 00:09:08
    okay I would say one to two trades a day
  • 00:09:12
    that are high probability
  • 00:09:14
    quality setups
  • 00:09:17
    okay moving forward right so figure out
  • 00:09:20
    are you going to calculate your lot size
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    if so what are you risking every single
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    day how many trades you're taking write
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    that down
  • 00:09:27
    that's the first thing in your training
  • 00:09:28
    plan I am risking a hundred dollars a
  • 00:09:32
    day while taking one one trade don't
  • 00:09:35
    don't say one to two I can say one to
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    two because I actually have my emotions
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    under control you guys should literally
  • 00:09:42
    just stick to one for now
  • 00:09:43
    I I am I am risking 100 every day while
  • 00:09:48
    re while taking one trade a day period
  • 00:09:51
    move on and make sure this [ __ ] is out
  • 00:09:54
    in front of you while you get ready to
  • 00:09:56
    start trading every single day
  • 00:09:58
    moving forward when are you trading
  • 00:10:00
    identify the times that you are trading
  • 00:10:03
    and I don't want to hear
  • 00:10:05
    um I kind of just trade when I in my
  • 00:10:08
    free time idiot you think professional
  • 00:10:10
    Traders can just sit at their damn
  • 00:10:12
    computer like you guys do all [ __ ]
  • 00:10:14
    day and trade bro I come into these
  • 00:10:17
    markets murder it for the first hour and
  • 00:10:19
    a half and then leave
  • 00:10:22
    I designate my trading times because
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    guess what that's how a job Works no one
  • 00:10:27
    no one that is a professional at this
  • 00:10:28
    says
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    um yeah like sometimes I do Asian
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    session New York and London session
  • 00:10:36
    other times like bro they have
  • 00:10:38
    designated times that they trade
  • 00:10:41
    I trade New York Stock Exchange open
  • 00:10:45
    some that's the am session some people
  • 00:10:47
    trade New York Stock Exchange PM
  • 00:10:48
    sessions some people trade Asian
  • 00:10:50
    sessions terrible session to trade if
  • 00:10:51
    you ask me some people trade London
  • 00:10:53
    session open some people's trade London
  • 00:10:55
    session clothes going into New York
  • 00:10:57
    Stock Exchange open
  • 00:10:59
    understand what works for your time zone
  • 00:11:01
    what works for your sleep schedule what
  • 00:11:03
    works for your work schedule and treat
  • 00:11:05
    this like a [ __ ] job designate your
  • 00:11:07
    time
  • 00:11:08
    what session are you Trading
  • 00:11:10
    once you've figured that out once you
  • 00:11:12
    understand what session you're trading
  • 00:11:13
    so for me it's New York Stock Exchange
  • 00:11:15
    open I take a trade within the first
  • 00:11:17
    hour and a half
  • 00:11:18
    of New York Stock Exchange and if I
  • 00:11:20
    can't find a trade I'm not taking it
  • 00:11:21
    that doesn't mean I close my trade after
  • 00:11:23
    the first hour and a half of the session
  • 00:11:24
    that just means I have to be with it I I
  • 00:11:27
    have to be in a trade or else I'm done
  • 00:11:30
    okay when are you training after news or
  • 00:11:33
    on news at all are you the type of
  • 00:11:35
    person that that likes trading on news
  • 00:11:37
    not CPI not NF NFP not fomc not PPI not
  • 00:11:42
    the high impact news not the news that
  • 00:11:44
    [ __ ] up the market we're talking about
  • 00:11:46
    just like the regular red or orange
  • 00:11:48
    folder News that you read the bias on
  • 00:11:51
    figure it out and if it plays into your
  • 00:11:53
    bias you can take a trade or do you want
  • 00:11:56
    to just be a super probable and high
  • 00:11:58
    profitability Trader and not trade on
  • 00:12:01
    high impact news at all maybe you're
  • 00:12:02
    still learning and you just want to
  • 00:12:04
    completely avoid news altogether that
  • 00:12:06
    will get keep your win rate very high
  • 00:12:09
    when you're starting that will give you
  • 00:12:11
    an insane win rate
  • 00:12:12
    why wouldn't you want to do that because
  • 00:12:14
    you're a little [ __ ] addict to
  • 00:12:15
    trading stop that
  • 00:12:17
    this is to this is to stop that this is
  • 00:12:19
    to turn this into a hobby into a
  • 00:12:21
    profession
  • 00:12:22
    I wasn't [ __ ] lying when the like I
  • 00:12:24
    technically wasn't lying when I said
  • 00:12:26
    like this is like the first [ __ ] like
  • 00:12:27
    get you into shape [ __ ] vid
  • 00:12:31
    okay so when are you trading you know
  • 00:12:34
    what session you're trading know what
  • 00:12:35
    time frame you know what time you're
  • 00:12:37
    going to be Trading
  • 00:12:38
    are you going to be trading after news
  • 00:12:40
    or on news at all
  • 00:12:43
    write it down
  • 00:12:45
    if news Fox [ __ ] up the market I'm done
  • 00:12:48
    for the day if news causes literally
  • 00:12:49
    draw it out to like the PIP if news
  • 00:12:52
    causes like a five or if news causes
  • 00:12:55
    like a five-point Spike within five
  • 00:12:58
    within a five minute candle on news and
  • 00:13:00
    also this is just like me saying this
  • 00:13:03
    randomly okay you determine this
  • 00:13:04
    yourself because I don't even know okay
  • 00:13:06
    so if news causes like a uh you know
  • 00:13:09
    five point
  • 00:13:10
    Spike within five minutes are you going
  • 00:13:13
    to be willing to trade that day or are
  • 00:13:15
    you going to opt out
  • 00:13:17
    write that down
  • 00:13:19
    we want to limit
  • 00:13:21
    extra trades we want to limit extra risk
  • 00:13:24
    we want to limit low probability and
  • 00:13:26
    that's what a trading plan does
  • 00:13:28
    we get to the point where this is
  • 00:13:29
    robotic day in day out this is how we
  • 00:13:32
    become emotionless
  • 00:13:35
    moving forward what are you trading are
  • 00:13:37
    you trading the S P 500 are you trading
  • 00:13:39
    NASDAQ are you trading us 30 are you
  • 00:13:43
    trading a 4X pair are you trading
  • 00:13:45
    Commodities are you trading crypto
  • 00:13:48
    write down what you are trading most of
  • 00:13:50
    you guys should only be sticking to one
  • 00:13:52
    pair
  • 00:13:53
    whether you want to stick to just the S
  • 00:13:55
    P 500 whether you really just like
  • 00:13:57
    trading GJ whether you really just like
  • 00:13:59
    trading gold
  • 00:14:01
    I'm sick and [ __ ] tired of seeing
  • 00:14:03
    little [ __ ] kids in my Discord trying
  • 00:14:06
    to take trade 10 pairs at a [ __ ] time
  • 00:14:09
    when they can't even Master [ __ ] one
  • 00:14:12
    of them you are unprofitable and you're
  • 00:14:15
    trying to trade 10 [ __ ] pairs these
  • 00:14:19
    are 10 different marketplaces you're
  • 00:14:21
    trading the S P 500 which is the [ __ ]
  • 00:14:24
    U.S index you're trading gold which is a
  • 00:14:26
    commodity a [ __ ] precious metal and
  • 00:14:28
    then you're also trying to trade Bitcoin
  • 00:14:30
    during Asian session over the weekend
  • 00:14:35
    are you stupid bruh choose one and leave
  • 00:14:40
    it at that and once you turn profitable
  • 00:14:42
    that one add another
  • 00:14:44
    because anything on top of one you're
  • 00:14:48
    adding lower probability you're adding
  • 00:14:50
    risk and you're adding [ __ ] hardship
  • 00:14:53
    to your trait trust me bro I've been
  • 00:14:55
    through this [ __ ]
  • 00:14:57
    I've been through it already
  • 00:15:00
    what are you Trading
  • 00:15:03
    write it down
  • 00:15:04
    so that and then and then once you write
  • 00:15:06
    it down delete your whole [ __ ] watch
  • 00:15:09
    list full of 34x pairs full of the
  • 00:15:12
    [ __ ] Mexican peso against the [ __ ]
  • 00:15:14
    Indian rupee bruh
  • 00:15:17
    ha
  • 00:15:18
    some of y'all love that [ __ ] delete it
  • 00:15:22
    choose one and master it
  • 00:15:26
    because the all these markets move
  • 00:15:28
    differently once you get a good feel for
  • 00:15:30
    a pair you wonder why you wonder why I
  • 00:15:32
    trade the s p you wonder why I trade
  • 00:15:34
    gold you wonder why I've trade the pound
  • 00:15:36
    versus the Yen and you wonder why trade
  • 00:15:38
    gu
  • 00:15:39
    LL I've been trading gu for five [ __ ]
  • 00:15:42
    years I've been trading GJ for four
  • 00:15:44
    [ __ ] years I've been trading gold for
  • 00:15:45
    three years and I've been trading the s
  • 00:15:47
    p for four years
  • 00:15:49
    I have years of experience with all of
  • 00:15:52
    these before that I was only only
  • 00:15:54
    Trading
  • 00:15:56
    where is this why is it not letting me
  • 00:15:58
    click
  • 00:15:58
    before all that [ __ ] I was only trading
  • 00:16:01
    GJ before I even before I even was doing
  • 00:16:04
    the s p I was only doing GJ
  • 00:16:07
    before that when I was unprofitable I
  • 00:16:09
    was trading gold and I was trading GBP
  • 00:16:10
    USD together
  • 00:16:12
    now I look at them because I'm a [ __ ]
  • 00:16:14
    good Trader and guess what I can win off
  • 00:16:16
    them
  • 00:16:17
    but when did I add them once I turned
  • 00:16:19
    profitable with just GBP JPY
  • 00:16:24
    choose one pair and stick to it
  • 00:16:26
    understand it and it will increase your
  • 00:16:29
    probability within the market
  • 00:16:31
    perfect now that we all got all that
  • 00:16:34
    [ __ ] down we know what our risk is we
  • 00:16:37
    know when we're going to trade we know
  • 00:16:39
    what we're going to trade now how the
  • 00:16:41
    [ __ ] do we trade how the [ __ ] do we
  • 00:16:43
    enter
  • 00:16:44
    here we are
  • 00:16:45
    what are our confluences all the
  • 00:16:48
    building blocks and this is going to be
  • 00:16:50
    difficult for us to write down right now
  • 00:16:52
    when we start doing putting it all
  • 00:16:54
    together and we're gonna have another
  • 00:16:55
    one of these spreadsheets for for
  • 00:16:56
    tomorrow's video uh when we do the
  • 00:16:59
    putting it all together series type
  • 00:17:01
    thing
  • 00:17:02
    okay
  • 00:17:04
    when we when we put that there okay I
  • 00:17:07
    want you to figure out what confluences
  • 00:17:09
    you want to use and this may make take
  • 00:17:11
    time this may take back testing this may
  • 00:17:13
    take you know like maybe you test out
  • 00:17:16
    liquidity sweet break of structure
  • 00:17:18
    as one Confluence for like two weeks you
  • 00:17:22
    see okay write down your win rate right
  • 00:17:23
    right down like how how it felt were you
  • 00:17:27
    like write down your emotions for it
  • 00:17:29
    Journal Journal Journal Journal Journal
  • 00:17:33
    are you going to take a trade off look
  • 00:17:34
    what his sweet break of structure and
  • 00:17:36
    then a fair value Gap or or order block
  • 00:17:38
    entry maybe you want to wait for extra
  • 00:17:40
    confirmation maybe you know that this
  • 00:17:43
    works better for you because you can get
  • 00:17:44
    a better risk reward
  • 00:17:46
    that's what most people do
  • 00:17:49
    most of the time I want this to happen
  • 00:17:51
    unless I get a good risk reward off of
  • 00:17:53
    just the liquidity sweep and break of
  • 00:17:54
    structure
  • 00:17:58
    are you going to be super probable are
  • 00:18:00
    you going to be super risk adverse and
  • 00:18:03
    are you going to wait and are you going
  • 00:18:04
    to take a trade that is only aligned
  • 00:18:07
    with your daily bias that has a
  • 00:18:08
    liquidity Sweep with your daily bias
  • 00:18:10
    that has a break of structure all
  • 00:18:12
    aligned with that daily bias that's all
  • 00:18:14
    aligned with the overall trend of the
  • 00:18:16
    market because you know that's going to
  • 00:18:17
    be high probability because that's where
  • 00:18:19
    the market wants to go
  • 00:18:22
    me personally if I'm you that's what I'm
  • 00:18:24
    doing
  • 00:18:25
    I know
  • 00:18:27
    the s p what are we right now on the
  • 00:18:29
    daily we're bullish
  • 00:18:32
    what are we looking for we're looking
  • 00:18:34
    for buys if we can't find buys within
  • 00:18:36
    the market off a liquidity Suite break
  • 00:18:38
    of structure fair value Gap order order
  • 00:18:39
    block entry we're not taking the trade
  • 00:18:41
    if it's not during New York Stock
  • 00:18:43
    Exchange open within that first hour and
  • 00:18:45
    a half we're not taking the trade if
  • 00:18:46
    it's not on the S P 500 we're not taking
  • 00:18:48
    the trade if I don't know what my what
  • 00:18:50
    my set [ __ ] pre-designated risk is
  • 00:18:53
    right right when I wake up right when I
  • 00:18:55
    get ready to trade I'm not taking a
  • 00:18:57
    trade until I figure that [ __ ] out
  • 00:19:00
    and then at the end of it
  • 00:19:03
    you know what you're risking you know
  • 00:19:05
    when you're trading you know what you're
  • 00:19:06
    trading and you know exactly how to
  • 00:19:08
    enter
  • 00:19:09
    and you have that step-by-step plan and
  • 00:19:12
    the the rest is just
  • 00:19:14
    press
  • 00:19:16
    the damn button
  • 00:19:18
    and you did it
  • 00:19:21
    that's how you take a trade
  • 00:19:24
    you follow every single [ __ ] step in
  • 00:19:26
    your trading plan to the point where you
  • 00:19:28
    are a [ __ ] robot where you don't
  • 00:19:30
    enter off anything else you don't enter
  • 00:19:32
    off of you know you don't enter off of
  • 00:19:35
    oh fomo I think it's going to go higher
  • 00:19:38
    because of this this shut up
  • 00:19:41
    does it follow your trading plan
  • 00:19:45
    if no leave
  • 00:19:48
    if you already took your trade for the
  • 00:19:50
    day leave
  • 00:19:52
    if you already maxed out your pres
  • 00:19:53
    designated risks for the day leave
  • 00:19:57
    if it's a U.S [ __ ] bank holiday and
  • 00:20:00
    you can't trade the S P 500 and that's
  • 00:20:02
    the that's the pair that you trade leave
  • 00:20:05
    stop looking at other Forex pairs stop
  • 00:20:08
    looking at crypto stop looking at
  • 00:20:11
    commodities
  • 00:20:13
    if you don't get a liquidity sweep and a
  • 00:20:16
    break of structure and you're [ __ ]
  • 00:20:17
    all your confluences getting hit
  • 00:20:20
    don't take a trade
  • 00:20:22
    it's literally as simple as that this
  • 00:20:25
    dumbs it the [ __ ] down
  • 00:20:27
    this is foolproof it tells you exactly
  • 00:20:30
    what to do when to do it and how to do
  • 00:20:32
    it
  • 00:20:36
    and this is what's going to turn you
  • 00:20:37
    profitable is understanding this [ __ ]
  • 00:20:40
    and if you can't understand this
  • 00:20:43
    leave and don't try trading because you
  • 00:20:46
    won't make it far if you can't
  • 00:20:48
    understand this [ __ ]
  • 00:20:52
    so take a little screenshot of this [ __ ]
  • 00:20:55
    maybe paste it in your in your notebook
  • 00:20:58
    put it on your phone with like and write
  • 00:21:01
    out what what all your things are next
  • 00:21:03
    to these questions
  • 00:21:04
    okay and on tomorrow's video we'll talk
  • 00:21:07
    more about all of these entries
  • 00:21:10
    on how we can enter because before we
  • 00:21:13
    even get into the chart portion because
  • 00:21:15
    I know I know for a fact on day two of
  • 00:21:18
    putting everything together on the
  • 00:21:19
    putting everything together series
  • 00:21:21
    within this
  • 00:21:22
    y'all are going to be asking how did you
  • 00:21:24
    do this how did you do that how did you
  • 00:21:26
    do this how did
  • 00:21:28
    you we need day one first
  • 00:21:31
    we need to know what our confluences are
  • 00:21:33
    we need to know what our building blocks
  • 00:21:35
    are we need to know what they're used
  • 00:21:36
    for we got to do a recap of all of that
  • 00:21:39
    because maybe you forgot
  • 00:21:42
    okay
  • 00:21:43
    so with that being said you got your
  • 00:21:45
    trading plan you're getting real [ __ ]
  • 00:21:48
    close to getting this [ __ ] and getting
  • 00:21:50
    real [ __ ] close to getting to the
  • 00:21:53
    point where you have your strategy down
  • 00:21:54
    you have your trading plan down
  • 00:21:56
    hopefully your emotions and your
  • 00:21:59
    discipline and your mental has been
  • 00:22:00
    growing throughout all of this this was
  • 00:22:03
    your homework today by the way just
  • 00:22:05
    writing up your trading plan you were
  • 00:22:07
    you should have been doing this during
  • 00:22:09
    the video or maybe you just wanted to
  • 00:22:10
    watch the video and then do it
  • 00:22:11
    afterwards I don't care
  • 00:22:13
    okay
  • 00:22:16
    got it
  • 00:22:18
    cool
  • 00:22:20
    I'll see you boys tomorrow when we start
  • 00:22:22
    putting everything together talk about
  • 00:22:23
    the confluences talk about the building
  • 00:22:25
    blocks one more time talk about what
  • 00:22:27
    they're used for talk about how we want
  • 00:22:29
    to use them how we can enter within the
  • 00:22:31
    market how we can use certain building
  • 00:22:33
    blocks together
  • 00:22:35
    to take certain types of Trades it's
  • 00:22:38
    going to be a lot of information
  • 00:22:39
    tomorrow and it's going to be a lot of
  • 00:22:40
    information following with that putting
  • 00:22:42
    everything together at Series so
  • 00:22:44
    pop a [ __ ] Adderall [ __ ] snort
  • 00:22:47
    some I don't know I shouldn't say that
  • 00:22:50
    don't do that don't do that don't do
  • 00:22:52
    that
  • 00:22:53
    Focus up
  • 00:22:55
    that's all I meant to say
  • 00:22:57
    drink some water
  • 00:22:59
    drink some Gatorade
  • 00:23:02
    and strap it okay because we're gonna be
  • 00:23:05
    learning a lot tomorrow and the days
  • 00:23:07
    following when it comes to the trading
  • 00:23:09
    portions
  • 00:23:10
    that being said
  • 00:23:13
    that's all from me we'll catch you boys
  • 00:23:15
    tomorrow peace out stay safe I'm still
  • 00:23:18
    in San Diego I get back real soon all
  • 00:23:21
    right peace
Tags
  • trading plan
  • risk management
  • support and resistance
  • trading strategy
  • how to trade
  • trading psychology
  • high probability trades
  • trading sessions
  • emotional discipline
  • trading pairs