I Made My First $100k With One Simple Strategy (Real Backtested Statistics)
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- čas přidán 29. 06. 2024
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In this video, I go over the strategy you can every single day and become a full-time trader.
You can use it on options, stocks, forex, etc.
I help clear up misconceptions of how hard trading has to be and show you a simple strategy.
Please LIKE this video if it provides you Value!
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Time Codes:
0:00 - Introduction
0:15 - Huge Announcement
0:45 - Profitable & Simple Trading Strategy
3:01 - Day 1 Trading Strategy (Bullish)
5:10 - Day 2 Bearish Example
6:21 - Day 3 Fake Out Example
8:27 - Day 4 Lower Risk/Reward Example
10:35 - Day 5 Choppy Price Action Example
12:00 - Total Profit For The Week Using Strategy
DISCLAIMER: I am not a financial advisor and anything that I say on this CZcams channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and my personal experience. You should always understand that with investing there is always risk. You should always do your own research before making any investment.
#optionstrading #options #stock #stockmarket #TSLA #daytrading #tradereview #finance #fintwit #AMD #NVDA #aapl #SPX #daytradingstrategy #candlestickpattern #candlesticks #learndaytrading #tradingeducation #SPY #spx500
Day Trading, Day Trading Live, Day Trading Penny Stocks, Day Trading Stocks, Day Trading Learn To Trade, Day Trading Technical Analysis, Day Trading Stock Charts, Day Trading Pull Backs, Day Trading For Beginners, Day Trading Strategies, day trading options, day trading cryptocurrency, day trading - Zábava
Tony, your video's have been a game-changer for me. Mainly, because of your teaching style and how simple and clear you keep things. Always looking forward to every Tuesday!
Stay strong!
Thank you!
@@ScarfaceTrades how do you calculate the risk of $500 or any risk price when option contracts are different prices as well as stop loss varies? I see if it was not options it is easy to calculate. Like 2.34 risk/reward would be a $428 risk. But not sure with the movements of options how to calculate a goal of 1k a day
Anchored VWAP and SD work much better in my TTP stock prop account.
the clarity of your teaching, and certainly you Good Heart, sharing your best of knowledge unconditionally. thank you so very much.
These are the best trading vids I've seen. Keep it up! When your showing these examples, are you doing options or stock?
You are saint for sharing this and explaining it so patiently 😇
Tried this today ! Mixed it with volume and it payed well. Thank you sir.
how do you mix it with volume?
Take a beaker put volume and Price stir it with a stirrer. Sorry Just joking .. keep an eye on the volume if the response is more to a particular direction of the price then it is where the trend is. @@milliondollarman13
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
You're right, but a lot of people remain poor due to ignorance.
Not because of ignorance, It's because of the high rate of unprofessionalism in the crypto market.
As a beginner investor, it's essential for you to have a mentor to keep you accountable . Myself I'm guided by Mrs Olivia Brown, a widely known crypto consultant
Crypto is a whole different ball park.
I would only invest funds in it that you are willing to lose or don't need.
In terms of day trading crypto I don't keep a eye on anything at the moment except XRP. Wouldn't be right guy for day trading crypto
That's right, you need an experienced trader to make good profits trading cryptocurrencies
What a good video! Thanks
Stay giving out the sauce for the stir fry! Nice job explaining a great strategy.
Good stuff man. Definitely a new subscriber and look forward to exploring the page
😀Thank you so much! Which chart tool can I use for the technical analyses?
Just reviewed this video again... I am so much more confident in using this strategy. thank you!
Sorry, but your confidence is unjustified. In the real world, the profitability of this strategy is below 58%...not a particularly genius strategy.
@@olenfersoi8887 this strategy actually sucks
Good video
Hello! Great video. What option call did you purchase for the TSLA example in the beginning?
Great Vid
thanks for sharing
Hello, thank you for a great tutorial. Can you please confirm if this 5 minute opening strategy will work with forex?
You're actually onto something here. What you're doing borders on liquidity inducement. I strongly suggest you look into it if you haven't already.
Which video is the more in-depth one on this strategy? I would love to watch that aswell?
Hi Scareface, love you videos, you actually rather learn then trying to sell product etc. 2 big questions thoe. What is the name of the video you explain this strategy more as you said in the beginning and also does this only works with Stocks? Can de be done with currency pairs like eurusd or gbpusd etc? I mean what will be pre market for currency pairs? 1 hour before the sessions start? Thanks for your training videos
Very good videos thank you
How do you decide what stock you want to apple this strategy to?
Love that is is easy to use.
What platform are you using that you can trade Tesla stock like futures and bet the exact amount that you want to?
So you're just buying the stock or going short on the stock, not using options? What are you trading once you decide to act?
I just watched this, and also watched the PRE MARKET levels video.. which would you say is a better strategy? They’re similiar but don’t know which to pick.. thanks
would like this question answered as well
I use all six: high and low of previous day’s candle; high and low of pre-market range; and high and low of market opening range (first 5 mins). Then I look around in the H1 and D1 charts and mark off any visible key levels, then I watch for retestings or break and retests at all those levels. I give each group a different colour and even make a matching rectangle for each range. Hope that helps.
is this for forex or futures or gold? or is it stocks only ?
Your summary suggests the stop to be break of market structure, and in the Bullish Day 1 example the market breaks structure (higher lows taken out) and yet you hold thru it. Am I missing something here?
well he went long and then had a target near high of day, his stop was below low of day at a break of market structure, i see what you mean that during the trade there were higher lows that were broken, however the original stop was not hit. im still not 100% sold because the risk of waiting for a candle to close, while good in theory for price action, could lead to a higher loss than the indicated risk level. but still i think that trade in particular was sound within his trading logic.
Do you use a wider hard stop loss as well?
Hello and great video! I subscribed immediately! I have some questions and hope you find the time to answer!
1. Why is the first 5 minute candle such a good indicator? Maybe you explain this in another video... could you please link! :-)
2. Are you trading the actual stock (Tesla) or any other instruments with Tesla as underlying instrument? Like Certificates?
3. If you trade the stock, how do you take a Bear position?
4. How do you calculate how much to buy? Is it as simple as you want to make 1.000 and you believe that the swing will be 5% you buy for 20.000?
As I said... maybe all this is explained in other videos... and then I am glad if you could link! :-)
Great content!
Cheers from Sweden!
4.) it depends on the price and the price difference you can reach. For example: For day 3 you need to enter the rade with over 50k dollars to take the 1k profit in the shown price range. So the problem of this strategy is you need a lot of money. Second problem is you have to find the retests in the starting minutes and there is big change you will not find any
Nice
Excellent video. That is the best strategy I've seen so far. I didn't realise I was a Nude Trader!
Thank you for providing realistic results to show that even the best strategies won't have 100% win rate. I'm currently backtesting this myself on SPY and has proven quite effective, not so much in a sideways market, but definitely in a clear upside or downside market. Earlier, you mentioned that you created a more in-depth video on this same strategy. What is the name of that video? I would like to hear and take notes on said video.
Hi Scarface trades,I have been self trading all year and I have encountered so much losses. I barely even make profits,sometimes it feels like I’m merely just learning. I need to stop blowing money away and I need to know how to make profit just like you do. Please help!
Firstly you should know that single handedly running trades often leads to huge losses especially for new traders. I’m a newbie but I get good trading call out from trading expert Brad which helps me secure trades while I enormously earn from the market.
You can actually trade and bank on profits depending on your tactics. long term would be most favorable since you’re buying shares owning positions outright
@MIKEYRILEY Are you talking about trading specialist Brad cooper? I have been getting consistent profits through his assistance,And I must admit that having a refined manager like him is no doubt the best way to trade & secure money.
Major problem here is that traders like you merely even put in pre work that is required for profitable trading and that often leads to loss of money in the end.
It is mandatory for day trading to require your time and attention as a beginner. In fact, you'll need to give up most of your day. Don’t consider it if you have limited time to spare
Much love for your simple style of teaching!! Thanks for the nuggets
While support and resistance makes sense, the choice for trading around the first 5 5 min candles seems a little arbitrary. Is there any reason why would this work?
there is no reason besides news why price is going up or down......the first hours are by far the busiest in the market,
nice
Awesome content thanks for making it easier to understand, I am only beginning to learn how to trade and your channel provides excellent information but how do you prevent the wicks from stopping you out, this happens to me alot :D
He's manually exiting, not setting an actual stop loss.
what trading system are you using to set your target and stop loss
Nice what broker is that? How do you set option pricing? Or is this binary option?
question, how do we determine the time for the first 5 x 5mn candles? let say I'm t UTC 0+ it's will be when I decide to enter a trade that I'll check the 5 x 5mn candles? thank you
So wait for 5 min close, draw out your top and bottom ....look for a double top or double bottom with a closed candle buy or sell signal at those levels, set stop only if candle closes past those levels????
Supply and Demand which Im using for prop accounts such as The5ers
hi.. can you tell me please in which system when the wick touches the stop line it'll not stop you out, only after the closing of the candle?
Considering buy a stocks account with Trade The Pool. Will this strategy works with Stocks?
How will this work if you dont do options you just can buy the stock and sell when it goes up for some gain?
Can we use indicators to have a confirmation along with the price action?
Let’s not forget the spreads on this strategy 😮
Will your broker wait for candle close before stopping you out? Or you won't set a stop loss?
10:16 If you had augmented this strategy with mental flexibility, you would have been able to exit close to the top.
Hello, 1st and foremost I want to thank you for all the educational videos. I have question, does your 5 min opening candle only works on large cap stocks?
Great video, thank you😀
Do you use fix dollar risk per trade? If yes, lets say you risk $500 per trade but how do you manage to have the same risk if you buy very expensive ATM naked options across different big stock names or index?
Hello, your strategy looks very good. Im in the process of starting to day trade. However, I'm having a problem finding a good broker to trade bitcoin. Any suggestions would be great.
On wednesday in reality your risk is higher 278$, if you close the trade only if the candle closes above the stop loss! A real stop loss will close the trade also on the wick of the candle! What if the wick is going much higher and you don't close the trade?
exactly!!! he doesnt even know how much his risk really is.... .. this strategy needs to be modified in order to not get smoked.. He also doesnt have a consistent entry system
Wow cool, thanks for sharing, but I usually use the unfilled order strategy in the nfc community
In the third example, why is is wick not knocking you out of the trade? Is there a setting where you can specify only candle close will take the stop out ? I haven't seen that on my trading platform.
@@rsbmg Can you explain a bit more ?
Great video! I like your teaching method, thank you.
What time zone is the best for this strategy? I am here in the Philippines.
7:20 - wicking above your stop loss means you hit your stop loss. Your position would be closed. You might confuse some new traders with that. YOU were used as liquidity. Unless you're just mentally saying you'll close when price closes above. In that case, ignore me.
That is what i was thinking. In first example too price went low first then went up then down.
Exactly. A SL means you get stopped out even if it wicks unless you're manually closing the trade at candle close. But if you manually close it it you might end up with a bigger loss waiting for the candle to close. Plus it's just one week data, like WTF, that's not data. You need a large set of trades to say that you got backtested data. This is just shit
I challenge this f*****g as****e to trade live for a week in front of his subscribers
I challenge you to trade this strategy live for a week and show your results 😂. He wasted 90% of his time and now is gonna waste your time and money
WHAT DO YOU MEAN BY FIRST 5 MINUTE CANDLES LOW AND HIGH, AT WHAT TIME OF THE DAY ARE WE SPOSE TO BE GOING BY?
Non need to shout
Muito boa a estratégia parabéns top mesmo
I like this strategy and I look forward to trying it out. One observation, once you set a stop loss with the exchange or broker, they don't wait for the candle to close before they close your position. One your stop loss is hit, that's it, that trade is closed. Makes no difference if you're experienced or a new trader.
That’s what I was thinking, the only way I can see that working is if you don’t actually have a stop loss and take profit set, you just watch it the whole time and close the position whenever YOU want
this is an example of not following your own rules you set, and to test the strategy effectiveness you actually have to follow the rules you set from the beginning, not change them midway through . So that means you have to recalculate the PNL based on this, which does make the results less.
How do you set a stop-loss that won't be triggered until the candle closes? A stop-loss is when a certain price target is hit no matter candle. If the candle wick hits your stop-loss or take profit, the order goes through. So how do you set a stop-loss to trigger at the close of a candle???
manually closing the trade. Your SL is a guidance
Does this strategy work on futures as well?
Thank for the video, but I don't understand how you actually implement your "wait until the candle closes" stop loss strategy. Are you not setting a stop loss and then you would be out of the trade? or are you closely watching and only manually exiting once the candle closes? or is there a magic command I'm not aware of that only sells at a stop loss at the candle's close?
Your doubt is my doubt. I dont understand that either. If he puts a stop loss, how da hell when the price goes beyond that stop loss the trade isnt closed? I dont know how he configurate a stop loss only for closed candles
he is manually doing it brother. it's called manual stoploss zone. but there is one con for this, if the candle goes crazy against you,you would lose more than you thought.
It follows also that how much of the option value is at risk. Does he cut his loss jf option value goes below 50% or whatever? Option can be very punishing if for example you bought a call and cost you 10K of your 100ak account that 10K can drop to 5K or lower within few minutes
The position tool he uses is for demonstration purposes, it DOES NOT take into account real world spread....This trade in the real world would have been stopped out.
I am seeking good way to trade opening range breakout for two bar of 15mins.
It's very alike.
Also alike a three bar play.
These all are related to opening trade.
I like your video. Pls wish me to get a profit from the opening strategy. Cheers!
amazing bro..learnt a lot...keep posting many other strategies also🤩🤩🤩
Hey Scarface, out of all your great strategies, which would you say is your favorite or your "go to" for futures scalping/day trading?
Never traded before . . . how do you calculate the risk to reward? Love your content thank you.
If your risk to reward (rr) is like 2.3 and your only trying to risk let’s say 50 dollars, you would want to do $50 x 2.3 rr= 115, meaning you are risking $50 and if it hits your take profit then you’ll get $115
Do you use this on futures at all?
Good teacher❤..🙏👊
Do u also trade ? And if starttrading does this give almost consistent profits?
Is this purely a technique for stocks since it's relying in an opening market? How could this be modified for crypto?
Shares or options? Premiums will get crushed if these moves don't happen fast enough
This is like the cleanest strategy I've seen on CZcams. Excited to backtest it tomorrow :D
how was it did you tested it did it work for you ? :))
@@tadaskalanta9733 I think, it works well only on TSLA 😂.. others aren't that volatile.
Backtesting implies running it hundreds of times on historical data to test its historical significance, dude. Something, which incidentally, he did not do at all...
Question for anyone seeing this now - is he entering trades directly from trading view based on that P/L chart being filled by a broker? It is buying options at strike prices? How would this actually be executed
Exactly what I’m thinking. Is he buying options
This guy just likes making videos.....
What type of trading are you doing?Options?
Hi does this strategy works on any market.
So I'm just getting into trading and this is going to seem like a silly question, (I'm still learning about how candles work and stuff) Tuesday you entered and the price went down? But you said you made 1000 profit, but the price was lower than when you entered? So how did you make profit? Or am I missing something obvious? 😢
In the markets you can go short and that means that you can make profit if it goes down. I recoommend watching a video about this for further information.
When I test data, I use about a decade or more of data from hundreds of stocks that includes more than one market crash. I do everything I can to break a strategy to see if it still works. Sometimes I’ll start and end the data on a market crash so 2009 to 2020 or something like that. Your sample size is too small to use in real trading. If you think you are on to something then you have to do more testing. So far I have found profitable strategies but nothing yet that beats buying good stocks and ETFs and holding long term.
If your risk is $250 per trade, what does that mean? Is that the option goes 0 value and you lost $250? Or this is just 30% or 50% of the option value?
I assume you do manual stoploss in that case sometimes you will tisk then you want to case you are waiting gor candle to close
When a wick breaks thru your stop loss you are simply out of the trade.. there isn’t any way to manage a trade properly to only base a stop loss on body of candle? In the moment there is no way of knowing if that candle will actually close within your stop loss or not.. a wick breaking past a stop loss knocks you out of a trade period! (however would be nice if that was possible)
Which stocks do you trade?
What do you mean about the wicks not triggering your stop loss. even if it doesn't close, if you have a hard stop set and it gets hit then it gets hit right... clarification would be great!
Dude's just drawing imaginary lines. What do you expect? xD
I'm assuming it's a metaphorical stop loss. He's not actually setting a hard stop loss. If the candle closes above or below his stop loss, he immediately and manually triggers a market sell. You have to be staring at the chart to do this
Without a hard stop is just irresponsible….. that RRR is only maintained if you’re stopped at the place where the stop is.. if that candle close ends up being way away from your stop you’ve lost way more than you thought you were risking. The strategy needs to work with hard stops or it’s not strategy at all.
Not setting a stop loss isn't irresponsible if you are watching the trade tick for tick and closing manually sticking to the strict rule system. If it closes above then you manually stop. It's part of the strategy @@adamhillier320
@@adamhillier320 I never use hard stops. The algos are much more likely to reach down and take you out if you have hard stops. Just drop a line on the chart where your exit will be and exit when it hits that line. I always use mental stop losses.
Can you have a stop loss order that would activate only upon a candle closure? Or do you use *mental* stop loss orders?
The problem is what happens if the closing prices goes 10x below your expected SL?
@@ashishIMproexactly
Great Video! I’m new to your channel, you earned a new subscriber. I noticed you were using Tesla for this example, do you have similar results with futures? Also what trading platform do you use? Thanks
Which broker do you use?
cracking wee vid
Does this strategy works on forex?
Do you have a strategy for at least breaking even if you **almost** win the trade, but then it goes all the way against you? Seems to me you could at least turn those into break evens? Thoughts?
move your stop loss as you are in the profit. Once in the profit, if you're long move the stop loss up. If your short, once you're in the profit move your stop loss down to protect your profit
Trailing Stop, look it up
All those losses could have been turned to break even. The truth about trading is we don't have to hit TP all the time. But we need to take a piece of the market always, therefore being content with BE...
I feel like I stumbled on gold. Much appreciation 🙏🏾
Cool. I assume you made at least 14k since watching this video then, right?
Thank you again Sir. I'm a beginner with few weeks into Forex learning. After rewatching the video, I find myself confused whether it is entering " high/low of Day " OR ' high/low of 5 minutes " because I'm thinking! that a day is way too long comparing to 5 minutes?? maybe you can guide me about this in due opportunity! Thanks much.
So you have to wait for the trading day to start, you select the 5 min timeframe, and mark your high and low on it, then you wait for it to reach one of the levels and from there you want to see where the market is going to go so you can place your order 👌
On tuesday, how does we entering at high proce and exiting at low price gives us profit?
u can either buy or sell in the market if u buy u hope for the market to go up to make money if u sell u hope for the market to go down to make money
Why not entering the first trade on short? Because price made a setback.
Are you using options to trade or stock
Wow great video
How many shares are purchased for this trade?
First day u wait few more candles after the first 5 candles, on 2nd day, u dont wait? Why?
How are you tripling your profits on only a few percent gains?
do you think one week of data is viable?