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What's going on, guys, welcome back to the channel. Appreciate you guys tuning in. Today is a jam-packed video. Um, we're gonna be covering a trade that I made on the small account which will maybe be like the fourth or third video within like the 500 to 25k challenge YouTube series video. Haven't been working very hard on it, but today I sat down and traded a small account made about a 10 gain. Um, the account was near like 700 bucks a day. It's at 771 now. accounts start at 500 bucks. Um, so we're going to cover the two trades and then we're gonna talk about pretty much how we got to this point, why we picked the strikes. We picked, why the market did what it did today, um, and so on, so forth. So there's a ton of stuff I Have to cover in here. Um, there's no way that I could drill every single rule into this video and have you guys understand it. Um, but I'll do my best right, you know? I try to do my best. So bottom line: made about 70 bucks a day. Close to so about a 10 return on the 700 or 700 account. Two trades, one's a loss, one's a win. trade of the three. uh, zero day a 398 strikes I don't pick strikes at random I pick strikes because there's a reason for the price to go to that specific price. So that's why I picked those calls or I picked those puts. My puts or calls are picked based on prices the market should go to or I'm expecting it can go to All right? So I never picked strikes or anything like that at random. They're always a specific reason why the calls or puts. I'm trading I'm trading. Okay, typically all right. So up to 771. Cool. one loss, one win. All right. So before we get into trade this, that blah blah blah blah. we're gonna go to this chart right here. Okay, so this chart is going to be the Open High Low close, no pre-market no after hours chart showing you gaps in the chart. Basically, what we're focusing on is the 10 and the 50. SMA So this is a 10 and it's a 50 SMA On an open high, low, closed chart. Please don't come and ask some questions. I Just gave you the answer. All right. So when the blue goes below the red, that's a bearish move. When the blue goes over the red, the Market's going to be bullish. When the blue goes blue red, you're going to see some bearish. When the blue goes over the red, you're going to see bullish. All right. Don't comment saying oh, it's it. It's it's lagging. You can't catch it. No, you can't catch it. If you're struggling catching it, you just need to practice more. Okay, it does work. Okay. Awesome. So number one bullish cross happens from CPI Pre-market blah blah blah. you're long. You can see the markets trading over the 10 SMA over the tennis demand. Today we gap down below it. All right. Awesome! So today starts with The Gap down. Here is a rule for myself and for you. if you follow this system, you don't short the gap down day or the first gap down day after a bullish cross. Meaning if we get a bullish cross and the market trends pretty positively for x amount of period time or the Market's just strong after the cross, weather is bullish or bearish. you never expect like this: how the market gapped down broke the 10. you never expect this to flush out right away. It's very uncommon for that to happen. It's more common for us to go back up, fill the Gap and then if we're met with selling then maybe we go barefo. All right. So pretty much the rule is if you get a bearish cross, we never expect the first Gap up day to just reverse everything we always expect it to Swift Back Down retest, low spill Gap All right on a bullish cross. We never expect the first gap down day after the bullish move gap down. day two just completely flush out without normally going up filling the gap. Okay, so that's part of the logic behind buying. 398 calls today because after a bear's cross the first Gap up day, we never expect that to completely reverse. We always expected to move back down fill. Gap So like on this day, ready, this was the close the previous day and this was the open. So this is the gap on the day. that's your Gap where we go down fill Gap a little bit below awesome. All right. Alrighty um back over here. back over here. All right. we get a bullish cross market trends really strong. we get a gap down, we don't flush. we go back up and fill the Gap So on this day today this was a close, this was the open. That's your Gap. From this red line to that, that's your Gap What do we do? we go up fill Gap awesome and we go a little higher. I Can teach you to get that price too. All right. cool. So there is the logic for not shorting out of the gates and pretty much being long bias to start the day all right. Now before we get into the chart a little bit more and we talk about the contracts and the trade a little more. Let's first go into figuring out why not why, but some contacts right? So pretty much seven hours ago that's Market open I start talking to people on Twitter like I normally do and just basically yelling price targets All right. So pretty much I say 398.50 to 398. oh wait, sorry, that's a wrong one. 398.50 to 399 right now. Pretty much saying right now that's our Target And then I had to give more context because you know people in Little Foot Fairies on the internet, you know could take this out of context so you know knowing how people are I had to come out with some damage control just in case be. uh, you know, one step ahead. well over 397.82 can cause the 398.50 399 move. So I said right now, but that still had to happen before that would happen. Okay, and then I go into say 398.50 398 69 Great spot to sell some of your long okay on a day like today. I Generally don't try to trade the market over previous days high. Sometimes on a day like today, it goes higher than a previous high. but you can't go wrong selling into last week's Friday's high levels. If you've been long intraday, Alrighty 398.69 Take some profit on your lung. Don't be dumb. 399.22 Def close some of your long. 397.82 is a dip level. For now, there is really not much to do. You can make up small trades in between, but for now I don't see a ton and then this is basically running you through four things that would probably happen today or could very well happen today. All right, so the market can do a bunch of things: I Started off the day wanting 398.50 to 3.99 long. that happened once that happened I said I don't see a whole lot more for right now. Here are the things that can happen today. Okay, so we'll read these one either. We hold. So look at we already hit. At this tweet, we already hit 398.50 and 3.99 of the day we'll go back there. but just we'll stick here first. So first right here must know that 398 already happened or else this would be. or you know or else there would be five. right? If if 398 didn't happen I made this, there'd be five. But 398 happened. So there's only four things that I'm considered with now or concerned with. So after hitting 398.50 we either hold the Anchor View app at 397.82 and then pretty much Trend up. All right. Number Two, We slide back down to retest 397.20 or 61 retrace level which I'll show you how to find all that number three. If number two fails, right? And when I say number two, it means if number Two, price Point Three, Ninety Seven Twenty, or the 61 retrace fails, Um, fails. and we go below 396.51 we can see 395. this number three doesn't happen till later in the day and I'll go through all that number four. My Max long would be 400 of the day. so my Max long is 400. With an intraday shenanigan reversal, we'll see 395.
that will happen once the market shifts below 396.51 And what I mean by that is, Once that gives way, it's almost guaranteed that that's going to happen. Not that we weren't going through 395 prior to Breaking 396.51 but it's pretty much once that gives way, that's almost guaranteed. All right. And then, um, this right here has to do with some other stuff. All right. So let's get into it. Make sure that we understand, since there's really five of them, right? there's actually five. So really, like 0.5 was the 398.50 So we're gonna go through why we picked 398.50 Okay, then I'll go through what number one was and how you would get that. Then I'll go through what number two is and why and how that occurs. Then we'll go through number four first because number three happens after four. So then we'll go through number four and then we'll go through number three. and that will pretty much show you how why the market went to 398, then why it went all the way back down to the 397.20 then why it went all the way up to 400, then why we went from 400 all the way down to 395.. this video will literally cover every single aspect of today's market structure. at least the way I look at it. Possibly I'm just lucky and just throw out random numbers and they happen pretty frequently. Or maybe some things that I'm doing actually work I don't really know I guess I don't really care as long as the market keeps going to prices I'm thinking it's going to go I don't really give a what I'm doing so that's up to you to decide. So let's do that. It'll be fun. Okay, so now that we're all pretty clear on why we want 398.50 as a first, Target Let's go in and let's bring up this. these charts here. All right. So blah blah blah First Trade I'm just looking for the market to go to 398 and it doesn't initially go. so I take a small loss and then we dip more and I basically just load up some more and go for the 398. So we're not going to talk about oh like, what about this higher low here in the snap here I don't give a all right because because this has nothing to do with what I'm thinking. All right. Okay, I have a Target I expect the market to go to. Okay, so regardless of all this little flag and no, no I want 398 I'm gonna go for 398. Okay, I'm not necessarily concerned with every single little intraday candle and pull back this way that way. No, that's literally a not as much concern. Let's put it that way. Okay, so um, to start getting um, the 398.50 So how do we do that right? Let's bring this chart back. So Number One: What do we tell you? When you get a bullish cross? you're not going to short the first gap down day and expect a gap fill. Okay, so where is the gap fill priced at? So number one, The Gap feels priced at what? Uh, 398.50 Okay, so that's why I picked 398.50 because I'm expecting gap's Gonna Fill so we're going to be long to Gap fill all right now. There's a Fibonacci tactic and trick that I also use on every single day, right? Some days you get multiple different FIB signals. some days it's one. Some days it's two blah blah blah. There's a couple different ways I do it. but I'm just going to show you one that ended up working today and there's another one that it pretty much there. Here you go, right? So as soon as the Market opens, here's a tactic that I use. when the Market opens you: Fib From the opening price to the previous day's close price, that gives you the initial down 161 on the day. So pretty much by starting your FIB at the open pulling to previous day close, that gives you your initial first 30 minute trading range down Target 161a. Okay, I'm not going to cover. Does it go there when it goes there? How it doesn't when it does blah blah blah blah. don't worry about it I'm not I'm not going to that. Just know that it works all right. Cool. Next thing is, you have an inverse relationship to every single Fibonacci Okay, you have a right hand and you have a left hand. You have a left foot and a right foot. Two eyes, Two nostrils, two ears, one mouth. Because most people are annoying, you don't need to. All right. So now that we're got the inverse thing in our head, what do I mean by that I mean whenever you draw a Fib, however, you draw a Fib. There's always an inverse relationship to that Fib. So the inverse relationship for me is this: We draw a Fib. Okay, once the market breaks over 38.2 So pretty much once the market gets through this, your first FIB is shot. It's not going to work right, or it's not going to work for right now. or you're probably just wrong. All right. That's okay. That's okay. If you did a Fib and you thought the market was going to go down, that's okay. Because like this: right at the Open as soon as the Market opens, I can go from here to here and go. Okay, Market may go down to this one Six, One eight. That's the most that I should expect for right now in this first 30 minutes. Sometimes it's not the case sometimes I go further. but just keep that as your main rule of thumb. as soon as the Market opens. Fib From the open to previous date, closed 161 is the first and generally the max 30 minute trading session down move. If it was a gap up, it'd be the same thing up. The 161 on the up would be your max initial morning 30 minute trading candle price. Target Move Okay, so right at the open, you draw this right at the open. As soon as you draw it, two seconds later, you can already figure out the inverse relationship by generally doing one of two things. You can either do it either or you pull from the 61 retrace level to the previous day low. and if the market were to break back over the 61 percent in run, you'd expect this 618 right there. Okay, let's delete that and let's just do the whole process again. Ready. Here's your FIB on the day from open to previous day closed. This is all right. that's one what is the inverse relationship to this first 30 minute flush move. The inverse relationship would be from either the 61 retrace back to the previous low giving you a 161 Target of 398.26 Okay, if you're looking for a greater price Target you can pull from the 38.2 or the 50. And if you go from the 38.2 where is your high of day 398.96 Okay, well in that moment in time, all right now, there's another way of doing this that was the first 30 minute tactic or that was A that was the opening price tactic. Now, you also have the first 30 minute candle close tactic. All right. So the first 30 minute candle closes right here. We pull from previous day or sorry from from there to here. All right. And the inverse relationship to this if we go from the 618 is going to be 398.71 Where do we hit? All right? Cool. Now there's another way we can do this we can also do from the 38.2 Now if we do the 38.2 that's going to give us a 161 of 399.27. Okay, 399.27.
and where's the market? Go initially. pretty close to 3.99. All right. So when Connor this morning trades, the 398 calls. All right. So pretty much I get in long with the 398 calls here on the day and then I take them off here. So pretty much I'm long here and close there. Okay, cool. All right. Next one: I buy long pretty much here in the low and then I sell some here on this pop and I sell some here on this pop I don't catch this pop. So I pretty much buy here and sell here here. All right. So you can see I'm buying into the low and I'm selling at 398 and 398.50 All right, that that's where I sold those, right? And what was my target: 398 399. Okay, right in that area. 398.50 3.99 All right. So how do we come up with wine to buy the 398 calls? Well, the Gap fill would be back to 398. Okay, Not only would the Gap fill be back to 398, but based off of some Fibonacci tactics, we have an inverse Fib, right? Our inverse FIB would be from I mean I can just do this one right there. or we can do even do the 38.2 here to low. there's that. delete the previous one and there you go. All right. Where are our initial Targets on the day? All right there. So let's go up. Okay So where is the 161 right there? 398.72 blah blah blah blah blah right? So not only am I looking for a gap fill, but I'm doing some things in between that I'm looking for intraday Fibonaccis to give us desired moves and so on and so forth. All right. So we've covered how we got the 398.50 by using some inverse Fibonacci relationship tactic while also simultaneously using a rule that we have in place which the Bulls crossed. Don't short the first gap down to expect Gap fill. Okay, cool. Oh, all right. Next thing, all right. So we've covered how to get to 398.50 So we either hold anchor. v-wap here at 397.82 so I don't even have that on I don't want to cover that. That's going to take a lot of time to set up so we're not going to cover that one. It's okay. All right. Number two, we slide back down to 397.20 area for a 61 retrace test. Okay, so what do I mean by that? So what we're going to do is we're going to bring up this 30 minute chart again and we're going to do the inverse relationship again. All right. One second. I'm like that. Boom. All right. So ready. So I'm just doing from uh close the first 30 minute previous day close which is right there and then I'm doing uh, let's just do the 61 right. Does that make sense? Yeah, it doesn't really matter right there. That guy. delete the first one. All right. So if you were going with the Fibonacci tactic, you saw a gap down right? So you're fibbing for the gap down. Looking for remove lower. The inverse of the move lower will be a move higher. The inverse Target is going to be on a Fibonacci right? So if you FIB down and you're looking for a move lower and the move lower fails and we reverse and go above the 38.2 then the market is going to fill the Gap and go to the 161 uh Target which is the inverse of the previous one and it's going to take you some time to learn that. maybe. But so we've done that all right. So number two or number yeah, number two. we slide back down to say 397.20 area for a 61 retrace test. Okay, so when the first FIB fails and we get the second Fib and we go here to 398.50 right? What does this look like on an intraday chart here? So we hit Target here. I Tell everyone to sell their Longs for the start of the day. Everyone sells their Longs Market gets yapped. Where do we go? Uh to 397.20 So 397.20 um is like it's actually like right here. So I must have been looking at a slightly different FIB at the time. but they're pretty close so you can see right now the 61 retrace is at 3695. So pretty much once we did the inverse move. we hit the 1618 right. If we don't break over and keep trending up, then it's very likely you pull back and if you pull back, it's very likely you're going to pull back to the Fibonacci retracement level which in this case is pretty much right here. Previous low. Okay, now if you hit the previous low or sorry. if you hit the retrace level which is here and you hold and you break the 161, you would then pretty much Target up to 453 which would be the 261. Now the reason we don't go to the 261 is because so that's how you get. Yeah, we're gonna go to 261 is because you have a statistical probability sitting right at 400.
so the reason I said the max long on the day was 400 is because we have a statistical probability at 400. So before we can go higher than 400, you need to clear this so there's no point of saying hey, we're going to go to 4 150 because you can't literally cannot until you clear that. So that's why we said 400. Um, and then remember how we said uh, 396.51 Oh yeah, below 396.51 we can see 3.95. Okay Cool! So pretty much here's this: Um, so for one, what is that? 395 or 394.54 is the half deviation. statistical deviation, blah blah. So you you have statistical support here, you have your Anchor View App support down here at 394.24 Okay, so I'm going to walk you through um, pretty much exactly what I would do every single day for Fibonacci so that you can get to this like last step that I'm talking about. All right Doink Doink no I don't want light speed? Get out of here. stop see I Know it can be hard for me to make a video because there's like so much I'm trying to show you and tell you I mean I could just be like every other on YouTube and just tell you to look at RSI and Macd. But that's the reason those viewers are popular because they don't really work amazingly. So that's why they're popular and shown to you. Um, and the things that are slightly more complicated that actually do work aren't usually going to get the views because that's how the market stays rigged and most people lose their money et cetera. Okay, so uh yeah. cool stuff. Cool beans. Alrighty, so every day you're gonna come into the market. Okay, and these are short-term Fibonaccis. These have nothing to do with long-term ones. Blah blah blah blah blah blah blah. All right here you are. So start of the day you can do. Just do this. Literally. Do this. start of the day open price. Go from the open to the previous day close. That is your maxed 30 minute opening trading session Low. It could go lower. Sure, Just don't even think that. Just think that is the max low for right now to start the day in the first 30 minute session. Okay, and if in the first 30 minute session we break over the 38.2 you then expect the market would go to here. Okay, so look at. start at the open, pull to the close. This is your first expected flush move. Doesn't have to go there, may go there. could go below it further. Doesn't really matter because what we're talking about is the inverse. So this is your first 30 minute candle. If in the first 30 minutes you were to reverse over the 38.2 you would then expect a move to the inverse. One Six One Eight, Three, Ninety Eight, Ninety Eight. Okay, though it did not cross the 38.2 in the first 30 minute candle. It does not necessarily mean that it's not valid. Okay, so this is what I would do if we did not break the 38.2 in the first 30 minute session. then I would do the opposite or the next Fibonacci which is from the previous or sorry from the 30 minute first 30 minute candle close so we're no longer doing the open. Remember, the open is to figure out the opening price, flush, move, and the first 30 minute session reversal High Move Okay, once the first 30 minutes conclude, there's another tactic that I use which is fibbing from the close of the first 30 minutes on the trading session today to the previous day closed. Okay, and this is if sorry this would be in conjunction with the gap down. Since we gapped down, it's possible we go for a move lower. All right. and if we're going to go for a move lower, then the market must maintain below all of these retracements. Okay, and if it were to maintain below these retracements, we would Target the 1618 which is right here. So let's just say that this gap down move worked. Okay, we'll say that the gap down move work. So first 30 minutes closes, we Fib from the close the first 30 minutes to the previous day closed, the target would be one six, one eight only valid if these retracements hold below. Okay, they break above But Ultimately, if they didn't and we reverse down, you should not be looking to short more than the low because the 1618 is priced at about below. Okay, so we FIB close the first 30 minute close the previous day. Boom! Looking for the 161? And the downside? only if the 38.2 level holds, it doesn't, it breaks. So what does that look like that looks like a Max move up to 399.25 there. If we did 38.2 tactic. if we do the 60 retrace break tactic, then we're going to get a move up to 398.72 So you can see why I'm pricing at 398.70s blah blah blah blah. All right. So now let's talk about, um, this number Four, number three. If number Two fails, we go below 396.50 when we can see through, identify. All right. So number two is, we slide back down to 397 20 area for the 61 retrace level and if 396.51 breaks, we can see 395.. So why am I even saying that? All right, I'll show you. and I'm gonna walk you through the whole day again. All right. So we're just gonna do close the first 30 minute previous day closed that gap Down move fails. The inverse relationship from that one. If we were to do the 61 retrace to the previous low is going to give us an up Target of 398.50s 398, 70s. Okay, so now that is the Fibonacci on the day and and arguably I I'll do the other one too, just in case. So let's do like this. Um, and I'll go from the 38.2 this time and that's going to give us slightly different targets, right? So doing both of those two tactics, this would pretty much be my long Zone on the day right there. Okay, and so now that we have those Fibonaccis on, right? what would be the inverse relationship if these Fibonaccis fail. So if these Fibonaccis fails, what's the inverse relationship? Well, if we were to fail this 61 retrace. Remember I said if we fail 396.51 we can go to 395. So if we do 396.51 which is right here. what is the inverse relationship to that and at the time I didn't know what the high was so I was probably pre-planning that I See yeah, right? Yeah, because yeah. so at the time of making that post I said 395 because I think at the time of that post I was like okay, well if we break 396.51 which is right about there I think the previous high was here. So there you go. That's why I said 3.95 because at the time of doing it, um, that's where it would have been right. So like does this make sense I Hope this makes sense to you guys. I mean bottom line: I'm just going to redo it again because I'm You know, boom, inverse relationship to this one would be doink and then inverse relationship to this one would be Doink 1618. All right. So pretty much just using inverse relationship tactics to figure out price targets if in the event these things happen so pretty much before all those things happen I could already give you guys that plan right? So like at what time does the market hit 395.
it hits 395 pretty much by the close right. so buy the clothes. We pretty much hit 395. but I can already start to come up with that price because um, the initial gap down flush move would be um, right. So if I'm looking for the first 30 minute flush move, Downside: what's it going to be? Maybe 395 51. if this Fibonacci were to fail, what would be the upside destination of this failure? Fib I'll just do the 38.2 38.2 It would pretty much take us back up to um one second. Yeah, Failure the 38.2 That would take us back up to 398.93 Okay, and then if that Fibonacci were to fail which this one isn't it's slightly different than the other ones. But if this Fibonacci were to fail the 38.2 yeah, Come back down. Fail 38.2 Wait, something's off here. Oh I deleted I deleted the wrong one I'm like some just doesn't make sense. Yeah, so if you fail this 38.2 you can expect to down move to 395.. So within like the first hour of the day literally within the first, within the basically right at Market Open I can come up with all those price targets I don't even have to wait 30 minutes I can start coming up with all those price targets right at the open because every Fibonacci you do has an inverse relationship to it. So you know I mean we can go to 180 day chart right? And it's the same story. Even if you went to 180 day chart and started mapping off Fibonaccis, it's it's literally the same thing. but this isn't the best example. but I'll show you guys on like swings right? So we'll do a 30 day 30 minute Anyways, this video is becoming too long. I Don't need to sit here and keep doing this all right guys. Have fun, blah blah blah I'll see you guys in the next video.

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9 thoughts on “25k account challenge day 3?”
  1. Avataaar/Circle Created with python_avatars The Hoov says:

    A 10% swing in an account in a day, scalping, would suggest poor cash and risk Management. Scalping would never return 10% in a single day.

  2. Avataaar/Circle Created with python_avatars Hola! Morgan Nesmith says:

    I thinking of restarting with a 10k account, and really stick to only using 1.5% of my account per trade, keep a log to help keep track.

  3. Avataaar/Circle Created with python_avatars Brayden JJ says:

    Good stuff, the fibs can get complicated but do help … Nice to have a straightforward daily game plan … Works really nice inside deviation zones, especially on a day like today

  4. Avataaar/Circle Created with python_avatars Jeremy Parks says:

    are the 10 and 50 ema or sma???

  5. Avataaar/Circle Created with python_avatars chuchu chu says:

    Your analyze is very much appreciated im confident in what you do works

  6. Avataaar/Circle Created with python_avatars Caroline P says:

    U make it so easy bro

  7. Avataaar/Circle Created with python_avatars Epic Joser says:

    You make it so complicated bro

  8. Avataaar/Circle Created with python_avatars Dr. Sunshine says:

    When you get to 25k Shoot me 5k for the loss i took on $BENE……..

  9. Avataaar/Circle Created with python_avatars olivier banza says:

    Is this the same challenge you started months ago? How come is third day

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