I Became A Millionaire Trader Using One Simple Strategy (Backtested Proven Results)
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- čas přidán 25. 06. 2024
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In this video, I go over the strategy I trade every single day as a full time trader and how you can use it too 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
0:18 - Profitable & Simple Trading Strategy
1:19 - Real Trade on TSLA
3:25 - Real Trade on Bearish Day
6:15 - Real Trade on Bullish Day
8:45 - Real Trade on Choppy Day
12:08 - Total P&L 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.
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You are explaining in detail you are an awsome teacher, not come across many people on youtube like you. Thanks
Dude, thank you very much for this video. Very clear and informative. I actually watched it before but didn't see the value as I do now. I like the strategy because it doesn't require any subjective additions like level and FIBS. The 1 minute chart draws the level for you and the retest show the validity of that level. Thx again.
You deserve the best for your videos it is so simple and clear and educatif. So greats here from Tunisia
best video ive seen in my life no cap
I have your book, great stuff.
I'm very excited to add an edge to my trading and kick in an offshore account.
great content! thank you very useful I am still learning in the fx community nusantara class
Thank bro for sharing I will back test this. thanks again.
Thanks for the great video! Those sideways examples help a lot.
Excellent content Thank you
Great video, TY. The initial opening range is within about the first 10 to 15 minutes in case anyone missed that. It could be expanded to the first hour and a half as the morning wears on. That was an important takaway for me. The retest method is something to perfect. Also the impulse candle size was a very good point about the likely price action afterwards. Nice!
thank you for sharing, I'm also still learning in the nfc community
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money
The stock market rally run is gone, but I'm not sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $300k reserve.
the market is profiting if you are using a good broker or account manager to help out with trades or provide signals
@@donaldgeorge2743I agree with you! With her help, I diversified my 450k portfolio among different markets. During this bearish market period, I was able to produce a net profit of little over $1 million from high dividend yield stocks, ETFs and equity. However, the reality is that you cannot do it without a tried-and-true trading coach like expert Laura
Her success story is everywhere. I keep on hearing expert Mrs Laura's name being mentioned here and other platforms, Does she really worth the credits and reviews?
Nice strategy You make look so simple😃
Thanks. Does this work for futures markets like NQ?
Starting to understand this now! Do you live trade or have courses
@scarface how you used to monitor different tickets . do you build a scanner for the above logic ?
Amazing content! Your methodical approach to day trading is both enlightening and easy to understand. Watching you backtest the strategy live adds so much value. The lesson I learned is that patience and precision in execution are crucial for successful trading. Thanks for the detailed breakdown
which trading platform do you use for daily trades? also is this for stocks or options?
This is awesome stuff … simple strategy, I need to try this one..💯
Where is the link for the previous in depth video you said would be coming up on the screen, nothing came up on my screen. Thanks
breakout and retest.. Great!
Gr8 video. What time frame is suitable for such trades? 5 min or 1 min?
Thanks for ur free info
nice one Scarface
Wow great video
does this work for small caps or you strictly large cap stocks?
Your is only video that shows all realistic trade i.e profit and sl..
Thanks for the video..
I pray for our prosperity ..
did you became millionaire ? lol
Awesome video like always, Just wondering what is your fundamentals requirements (market size? float rotation? shorts interest? daily volume average? catalyst?, What support do you have for your thesis?
I frequently feel excluded when others talk about their profits from Bitcoin and Forex investments. Can someone please suggest a trustworthy adviser or account manager?
Absolutely, she has been overseeing my trades too. Her strategies have given me a unique insight into the world of binary forex trading.
Rosie Harley has been in charge of my trades. She is a dependable and trustworthy individual in whom you can have full confidence to handle your investment.
I am familiar with Mrs. Rosie and have been trading in partnership with her. Her remarkable talent and exceptional skills bring me satisfaction every week.
How can someone get in touch with Rosie?
"I was delighted when my broker endorsed Mrs. Rosie Harley. Despite my initial doubts, I opted to invest a modest amount, leading to significant profits."
Is there anybody here that’s not a bot?
thanks for the strategy. if I may know what trading techniques you use? I use the UFO technique from the nfc community.
omg THANK YOU!!
I know in 6 years I will be a millionaire self made, but I must be patient and not deviate from my trading plan and not be greedy.
Keep dreaming 😴 it’s not that easy
Do you only trade off high and low of the day? What about premarket high and low? Do you think it's better to trade the hod/lod after market opens or trade based on the premarket hod/lod?
Dude. Unbelievable. This is the first video of yours that I have come across. I’ve been trading for about 4 years and watch trading videos all the time. I watched your video on a Saturday and did some back testing. I have no doubt, even before my first trade after viewing your video, it will be a game changer for me. It’s a strategy I can be confident in and I’m sure will change my life. This I have NO doubt. Thank you. I’ll return and comment after next week to let you know about my success.
How did your week go?
How did it go? Please confirm.
What is your result in last 4 weeks with this strategy?
Probably went badly or this commenter was a bot.
@@idunusegoogleplus yes
Thank Scarface for a great video.🎉
I would add one thing. This is a breakaway strategy, which means that once price retests a price level the whole strategy is designed to make profit once the price bounces off that price level and "breaks away" from that price level. Once the price hits and retests and starts to move in your direction for profit, it's the do or die time. It's either going to "break away" or not. If it looks like it doesn't have enough gas, energy, momentum, whatever you want to call it, move your stop loss to breakeven, then you don't lose any money on the trade for being "not quite right". I'm not saying do it right away - you have to give price enough time to breakaway. But its better to not lose any money that to watch the price move against your position because the "break away" didn't materialize in a certain time frame. In other words, the trade did not materialize.
Thank You!
honesty, this is very useful trading information
you never got information about real trading if you still watching this video
Love the Video 💯
Great info, thank you. Quick question. How do you decide what stocks to use this method with? Is it always the same ones for you, or do you have a shirt list you follow, or does it matter?
Exactly my thoughts. No answer, though. 'Can it be used with currencies?', is another question I had. (Edit: just checked the write up under the video, it can).
Just my trading guru
Which pair u recommend to use this strategy ?
Really no rocket science, simple and Great, Thanks for posting and keeping us educated
you believe his rubbish?
wich time exactly would i found the momentum utc + 1 london ?
Hello and thanks for the good video. Which broker do you use for trading stock markets? All the cfd brokers seems to have too big spreads on stocks.. thanks!
Hi what time do you mark your high/low? Is it 9:40am?
What time frame is your chart? Looks like a 1min chart but I want to be sure.
THANKS.
Hi bro. What broker are you using?
how to select which stock to trade with today? as movement in the market differs
What contracts do you trades. Expiration date and strikes.
Great videos do you have a course?
Hi, got a question. In these examples, are you option trading?
Dude this is CRAZY! This is EXACTLY what I've been working on to pass a PROP trading challenge. Cutting losses has been my achilles heel. However I'm managing that how by only taking 25% of a position, until the stock has demonstrated it intends to trend. So I'm optimistic for next week. Thanks for confirming my suspicions. This a ridiculously simple strategy that it makes sense. Just an open range breakout.
I can bet that It's going to break out of range in about 40% cases in other 60% action will return back into the range.. Because Market is ranging most of the times.. Also Many times action will sweep those Stop losses just above high and under Low, to return into the range again.. So? your example is not typical..
@@skybiz4520 By far the best approach is only take a break out in the direction of the moving average. I have literally studied break outs over 500 hours. The only time to violate this rule is if there has been a long trend, bear or bull. Channels can occur at the bottom or top of a long trend...In that case the moving average is irrelevant cause the mkt is either accumulation...bottom channel...or distribution...at the top of a trend. Both will eventually break out in the opposite direction of the previous trend. As a general rule, channels...narrow trading ranges are continuation patterns...they will break out with the dominant trend, 70 percent of the time, and the moving average demonstrates the trend direction.
Are you trading options on these or the actual stock?
Do you trade indexes like nas or us30 ?
Thank you so much 🙏🏾
Thank you very much
What time frame do you use for this strategy?
How do you know wether your looking at the HOD or LOD? surely you dont know until the end of the day / next day
Actually this is a good strategy, thanks
Tried this for first time on TSLA today. Used nearest option strike. Broke the low and retested the level, bought a put. Exited 10 min later with 100% gain.
Great video, I use to overtrade with many pairs and stress myself with many strategies I found on CZcams
Now I just trade NG 3 Trades max per day with alerts so I don't have to be glued to the charts with 1:2 Risk to Reward or more
What are you using to make your trades Options?
what is the timeframe
Based on your numbers in this video, how do you derive your multiple? What $500? Options ? Please explain yorur platform and your numbers. Thanks
Guy im trying to get into trading. What platform do you guys recommend? I will really appreciate any opinions
nice and simple strategy , however on what time frame do you apply the strategy ?
What software are you using please tell us!
Can I ask why you don't move your stop when in profit and close to profit target?
I'm very new to trading, what types of positions are you taking? When you say you "risk 500.00 per trade" are you trading options or just buying or selling stock? How do you apply the risk to reward multiplier?
I think for newer traders more details are needed. Describing the wick at 2:41 the hammer candle as an example. Anyway, just remember don't assume they understand your tutorial. Also mention trade size. To give them a more well rounded feel for your strategy.
its better if you avoid random youtuber then for learn trading real ,there are only few here on tube sharing their knowledge
I wonder if people that experienced the 2008 crash had it easier because. my portfolio has lost over $27000 and I don't see my retirement turning out well when I can't even grow my stagnant reserve
You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a financial counselor or broker.ur portfolio, you must hire a financial counselor or broker.
I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. I have accrued over $120K under the guidance of my coach during this crash. She figured out Defensive strategies to protect my portfolio and make profit from this roller coaster market.
I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up
My advisor is Monica Amanda McClure she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
Great job
May I ask what broker and platform you use?
Thank you so much for another great video! I struggle a lot with managing trades. Do you ever move your stop loss to break even or do you always let the trade play out? Thanks so much again!
Also, could you please make a video on how do you personally backtest a strategy?
If I were him I would move to breakeven
When you put SL & Target then you don't need to trail your SL(Stop Loss).
Which time frame do you trade
wait are you using the hi and low stock makes in first 10 min 5?? what is that criteria
Are you just buying calls/puts when you enter trades?
Is this hust for stocks or does it work on forex?
Hi i have a question please when you enter a trade do you watch the trade played out on the screen or you move away thanks'
Does this EOD and HOD work for FOREX as well?
This is the video I can say is legit. You showed us your winning trade and the losing trade. Some so called raggedy trade gurus will shows nothing but winning trade saying you can’t lose money. Thx again for this video
I often wonder how successful investors are able to make millions of $$ from just trading stocks. Im completely new on this area of investing. I have a couple thousands saved up which i want to invest for long term and I know this sounds a bit dull but, I would like to know what advice you could give to start my investing journey
Buy low sell high. Stick with a good company by either not selling when it’s going lower and/or buying more at that time. But In a situation where you're after short term profit, it is best to get in touch with an investment professional to guide you with entry and exit points.
Well, I recommend you make a diversification plan because it's been harder to build a good financial portfolio since COVID. My colleague suggested I hire an advisor. I did and I've actually made over $926K with my advisor's help during this market crash. She uses defensive strategies to protect my portfolio and make profits despite the ups and downs.
@josephbush That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the name of the advisor who has been assisting you in navigating these financial challenges?
@aureliobjm I am guided by ''Heather Lee Larioni''. I found her on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
@josephbush This recommendation literally came at the right time, I’m down by $7k on my portfolio this week alone.. its crazy! I just looked up Heather online and researched her
What time frame is your chart at?
How do you pick those "psychological targets"?
SF - nice vid + strat - simple. Question? Are you strictly a TSLA trader and TF is 1min? correct? thx for the vid.
Are You using timezone utc-4 ?
What template are you using?
Are you using New York Time? Then the time we should take a trade is from 9:30-11am EST?
Thank you
Hi i trade forex and need to know on which time frame should i look for premarket highs and low to mark up . Every time frame gives me defferent zones .Thank you
simply a great video
Great video. Maybe I missed it, but what timeframe are you trading on?
he executes on the 1 minute
Tried this exact strategy on tesla on various different days - with all criterias met - does not produce consistent results?
What time frame for candlesticks?
Bro whats the timeframe you are using
Can you show explain what trades you are making, Are you trading Options? How many contracts? How far out? Are you trading stocks? How big is your trade...
Awsome videos, the white page is blowing out my eyes