Hey hey, what's up my friend! So in today's video you will learn how you can be in the top 1% of Traders even if you have tried everything else and fail. Now for those of you who are new to my channel, you might be wondering, man, who are you what makes you qualified to even teach or talk about this Well here's the thing right. unlike other traders who teach you based on Theory I actually walk the talk and put my money where my mouth is. In fact, this is a results right of my own live trading account over the last few years.

And the strategies, the techniques that you're about to learn right are the same stuff that I apply to my own life trading account. So if you want to learn from someone who actually walks the talk who has money on the line, then today's video is for you. All right, Because you will learn right what it takes to be in the top 1% of Traders. And the best part is this: It doesn't matter whether you're a Forex Trader stock, Trader Crypto Trader options Trader Etc the strategies, the concepts and the techniques that I'm about to share with you right can be applied to this as well.

So with that it, let's get started. Now, if you master Market structure then you will never go hungry again. Just kidding, right? Because without food I can assure you you will definitely go hungry right? whether you master Market structure or not. But here's the deal because if you can Master Market structure then guess what, you'll be able to trade and profit across different market conditions because Market structure would tell you or help identify what the market is currently doing.

so you can adapt the right trading strategy for it. So this means you can profit in The Bu Market bare, Market or even doing a range Market Yeah, so Market Structure generally has three main types, so let me explain. The first type is what we call an uptrend right. You might be familiar with it where the price goes up higher.

it makes a pullback, goes up higher, makes a pullback goes up higher. So this kind of like a basic template of an uptrend. And if you have traded for a while now, you know that an uptrend sometimes is not as straight forward because there are times right where your uptrend could be something like this Market goes up higher. It makes a pullback goes up higher.

You thought the price is going to break out of the Swing high and it makes another pullback down low. So this is what we call a complex pullback. I Believe it's a concept right that I first learned from Adam Gmes and then when you thought the market is about to make a downtrend, it then continues up higher. Okay so this is what we call also an uptrend, but this time around it has a element of a complex pullback to it.

and of course the there's another variation of it is where the market goes up higher right. and the pullback this time is in a form of a a range. A relatively small range like this goes into a range and then some. Traders Will thought oh man, this is the distribution stage.

Market is going to collapse lower and guess what market then continues up higher. So these are different variations of how the price action can unfold itself during an uptrend. So I just want you to be aware of it. And now if you look at the charts right, this is how an uptrend looks like.

So this is the chart of our BL So you can see begin if you understand per definition of an uptrend. Basic: Basically it's a series of higher highs and higher lows. You can see this series of higher highs, Higher highs, higher highs, higher highs and higher Lows Higher Lows Higher lows. And if you look at the pullback right, it pretty much has unfolded the way I shared with you earlier.

You can see that this pullback is more of a range right before it breaks out higher. and this is I Will classifi more of a complex pullback. Market makes a pullback, then it goes up higher. People thought it's going to break out of this highs.

Guess what? It pulls back one more time before it exploded up higher once again. So you can see that Yes, the market is still in an uptrend, but the uptrend has its own behavior and nuances to it. So this the first type of Market structure I Want you to be familiar with? So now the next question is, where do you look for buying opportunities? So in an uptrend, right? Really in an uptrend, you want to as much as possible look for buying opportunities, right? Avoid Short Selling Because the path of least resistance is higher, right? So to identify area of value to identify buying opportunities is not that difficult if you look at this chart. The Price came down over here, had a bounce up higher, came back down, another bounce up higher, came back down, another bounce before it ried out higher.

Okay, so same thing for here, right? We had a a pull back, a move up higher, another pull back down lower, another move up higher So you can see that this consecutive bounce in aora is how we can Define it as an area of support. So I'm just going to draw the area of support on the chart over here. This is like three bounces in a row. This we have like couple of bounds over here, right? So this a potential area of value, right area where buying pressure could step in to push the price higher.

In fact, there's another one over here. This is what we call previous okay, previous resistance, right? This the previous resistance resistance resistance. Price breaks out of the resistance and came back and retest as support before it exploded up higher. So these are areas on your chart where you can look for buying opportunities.

And of course this isn't the only way to do it because I'm going to share with you another technique. a technique that I learned from from Trader SZ on Twitter where you can actually use right a very useful indicator to help you identify support resistance on the chart. So to do that, I Just going to bring you to this particular stock called Deck. So this indicator right? Let me just show you how to find it.

Just go to indicators and you look for something called the Quarterly Open. Okay and just look for this one just quarter. Just look quarter open y. This should be the one.

Yeah, Click on this. Okay, there you can see a series of dots coming up. So I'm just sharing with you how to adjust this. Just go to settings.

Show the quarterly open right. So of course you use the Monthly Open Weekly Open Quarterly Open I Find the quarterly Open is very good levels right to to identify potential area of support resistance on the chart if you trade off The 8 Hour daily time frame. So let me quickly walk you through how this works so you can see that a series of dotted lines on the chart over here. This pretty much tells you they are quarterly open so you can see that right now we at this price point right? Why is this do line being drawn from here all the way down to this side over here.

Because the quarterly open right for the month of uh I believe it's July open over here. Okay, so you can see that that's how the indicator pretty much plot the quarterly open the first trading day of July the opening price and it just plotted horizontally So there are four quarters in the in the year right January April July And if I'm not wrong I think October So every quarter right the first trading day, the opening price. That is the level that this indicator plots up and projected you know into three months ahead. So you can see that over here.

how this indicator works. you can see this is the quarterly open right? I Believe sometime in January I Believe this indicator actually uses the closing price of the last trading day of the year, so not that much of a difference. but you can see that when he projected up ahead of time, right? Notice how the price respect the quarterly open here at bounce over here up higher came back down. bounce up higher.

So same the same thing for here, right? This is the quarterly open back in April Then it dropped this indicator over here. Notice how the price came down to this quarterly open and had a nice bounce up higher. So quarterly open again is a very useful tool. Again, something I learned from Trader SZ on Twitter It's a useful tool to help you identify potential support resistance on your chart, especially if you are someone who is not good at drawing that.

This indicator will make your life super easy. Now let's talk about the second type of Market structure that you should know. It's what we call a downtrend. So it's actually just the inverse of an uptrend, where a downtrend the price makes a series of lower highs and lower lows.

So something like this right you can see lower, high, lower, high, lower high and lower low, lower, low, lower, low and of the complex pullback, the range pullback variation that I shared with you earlier for the uptrend, it applies to the downtrend as well. So in fact, if you just look at this chart over here, let's identify the type of pullbacks together, shall we? So if price hits down lower over here. okay, then we have a pull back. okay, slight mini range over here before it, K down lower once again so you can see over goes up small mini range here again before it breaks down lower so you have a pretty steep pullback, breaks down lower, a relatively small range breaks down lower, pulls back hits down lower.

You kind of get my point. Yeah, so you can see that the type of pullback that you encounter in an uptrend and the downtrend similar. So looking at this right in the downtrend market structure, what do you do? Do you look for buying opportunities or selling opportunities? Answer is buying Just kidding. Selling opportunities? Yeah.

So where do you look for selling opportunities? Again, you can look for selling opportunities at an area of resistance and it's not difficult to spot Again, just look at where the price got rejected multiple times. So I'm just going to share with you if you look at this over here. Okay, Price Tested once, twice, three times, hit down lower. So to me this would be an area of resistance that I can draw over here.

and in fact, you look left a little bit. You realize that that also coincide with an area of support previously tested once, twice, three times. Okay, so again, moving on. Tested once, twice, three times.

This again is another area of resistance, right. Price got rejected right multiple times around this $192 C price point. And if you look left a little bit, this is previously an area of support as well. So again, you can just draw that and take that into consideration.

This would be an area of resistance. So again, you get my point here. So same thing over here. right.

Price Tested once over here. area of resistance before it hit down lower and if you look left again, this Market seems to be breaking below support and then retest as resistance once again. So if you look at the price action of different markets carefully, you realize that there are certain patterns right that occur regularly. So pay attention to this pattern.

So for this pattern right or rather for this, Market dollar against the Mexican pesel on The Daily time frame. This is a pattern that I'm seeing. So in future, let's say over here the market does break below this area of support. So let's say if it does break below it I would say there's a good chance it could retest previous support becomes resistance.

Yeah. so this is how you draw your area of value when the market is in a downtrend. And of course you can use your quarterly open Right indicator which I shared with you earlier as well. It's actually shown on this chart already right, the quarterly open up being plotted over here for you.

So just just walk you through a quick trading example. So let's say over here you know that this is the quarterly open right and it's so near this area of resistance over here. So let's see what happens next. So for this example, you can see the market breaks above the quarterly open into this highs over here into this area of resistance.

Next we have this bearish engulf. Not really bearish I Think more of a dark cloud cover because it didn't engulfed the entire candle. You can see that again. this would be a valid trading setup.

To go short, why is that First thing trend is in a downtrend. Number two, it came towards the area of resistance. Let's play R right You see over here number three, the area of resistance coincide with the quarterly open number four. you have this uh, bearish reversal candles Candlestick pattern over here.

So this to me is a high probability trading setup and I want to th it whenever I see such trading setups over and over and over again till my build you know grows down the floor. and like Gandal like that. Yeah now the third and final type of Market structure is what we call a range. So range is simply when the price is not really going anywhere.

It's kind of like contain stuck in the box. So let's say like this right, the price goes up, comes down, goes up, comes down, goes up, comes down. So it's kind of like Stuck In The Box The price is not making any directional move. so whenever the market is in a Range okay I know there lot of Traders they you know perfectly.

Okay to just you know, shut at the highs and buy at the low you know Buy Low sell high. But for me whenever I see the market is in a Range I like to take a directional buyers. Okay so for example, let's say this Market is in a range right? and then let's say it's going to break out higher clearly right? I don't want to be shorting at resistance because I will likely get stopped out instead. What I want to do is to buy at an area of support.

Right now, The question is how do I know which direction the market is likely to break out off? So I don't get caught on the wrong side of the move and I can catch right this start of a new uptrend or maybe the continuation of the trend. So there in lies the clue, right? The clue here is this is that you want to go up a higher time frame to to get your directional Biers So for example, if you look at this chart over here this is the chart of dollar against the Indian rupee. price is contained between these highs. and I'll say this is possibly the lowest lows of the range and maybe there's another kind of like, um, Mid of the range over here.

So now do you want to be a buyer or seller if you look at a chart like this? Well, you can tell right based on this time frame. So this is where if you go up to a higher time frame, things right might look clearer to you. So if you go up to the weekly time frame Boom right now, do you want to be a buyer or seller? I Think 99.9% of you seeing this right? You say you look for buying opportunities because the trend is up the market is likely to breakout higher and you'll be right right if you think along those lines. Okay so again going back to the Daily time frame.

Now you have this so-called Insight information. So where do you look for buying opportunities? Well there are few ways you can do it right. So for example, uh you can look for potential buying opportunities. Let's say at this area of value that's one option.

Yeah, so another option is that again we can use our quarterly Open our yearly Open right to give us you know to about spot area of value on the chart. So in this case I use the Yearly Open. This is the yearly open that you see over here, right? So this the 2023 open. So earlier we talked about the quarterly open.

That's not the only way to identify support resistance. You can also use the yearly open. So in this case we have this yearly open that also coincides with this previous resistance which could become Support So This again to me this will this going to be a high probability reversal area. So if we have like like you know a bullish reversal Candlestick pattern like that, say a hammer right? Let's say a hammer like this where the price then quickly reverse and close back up above this area of support.

To me that will be a valid entry trigger to go long I can go long on the next candle. open stops the distance below this lows first possible Target Just before this recent swing high and maybe have like 50% of my position to hold on to see if the market can break out higher right? So this is how I would you know trade a range market? So do you know why, right? n 9% of Traders fail. And if you ask me, it's because they have the wrong expectations about trading. If you don't believe me right? Here's what I've you know come across right? Especially you know Traders On social media they think that they can become a profitable Trader After a few months they think that they can quit their full-time job and trade full-time with a $500 trading account.

They think that they have a reasonable expectations of earning 70 80 90% a year and that's considered reasonable. So if you think about this, trading is a profession and like any other professional Endeavor out there, you need time to get good at it. For example, if you want to be a doctor, that's a profession. A doctor needs to spend six years in school studying, then one year of internship, then one year of housemanship, and after that you're pretty much qualified as a doctor.

And if you want to be a specialist, you need another six more years so you can see that. The path right to becoming a specialist, right? It's more than 10 years or if you, if you want to be a lawyer, depending which country you're from, you probably need at least 5 to seven years right before you can become a full-fledged lawyer. Now, what about a professional? Trader Well, Rainer I'm going to take a weekend course and I'm going to trade full-time next month and be a full-time Trader doesn't quite make sense, right? So so here's the truth. All right, Here's the deal, right? You need time before you can become a consistently profitable Trader right? I Would say the early years the first few years are for making mistakes are for Learning and if you can survive that learning curve, if you you have not given up at that point, and if you can learn and embrace from your mistakes, then the later years are for profit.

right to make, uh, profits, to grow your account, to compound your returns over time. And speaking of expectations, do you know what's the one thing to look for? If you want a marriage to last, Do you look for brains? Do you look for beauty? Do you look for humor? No, you look for low expectation, right? That explains why. I'm happily right married even till today next. I've learned that there is no such thing as failure, only feedback And this is what will power through in your darkers days.

So for example, right? One one of the biggest reasons I feel that you know why most Traders fail is because they personalize their losses and failures right? So for example, they feel attacked. They feel stupid. They feel that the market is out to get them right whenever they have a losing streak. And when you do that, it's a matter of time right before you will quit trading altogether Because who likes to be proven wrong and wrong and wrong over again? So let me give you an example.

So a Trader might learn a new trading strategy right. and then he gets a negative result. Maybe losses, a few losses, and then he would think man, the trading strategy is not working. let me go and find a new trading strategy again.

And then let's say he encounter losses again. So if you repeat this cycle over and over again, right? New strategy, Negative results New Strategy Negative results. It's a matter of time before you know you will quit trading all together, right? This would result in a failure. So do this long enough and I can guarantee you that you know almost all Traders will give up.

Okay, so what's the solution? Well, the solution is very simple is that instead of treating this as failure, you want to look at it as feedback. Now, there is nothing personal about feedback. The market is not trying to attack you, but rather feedback. If you think about this, it's just a sign, right that whatever you're doing isn't Wor.

So stop doing it. Whatever it is I'm doing that, you don't like I'll stop doing it okay and make the necessary change, make the necessary tweaks, and give it another goal. If you do this process enough time, there's no reason why you can't find success in the markets unless you give up first. Okay, so take Thomas Edison for example, he's the guy who invented the light bu and the first thousand attempts, he didn't fail, he just gotten feedback feedback to know that the particular material that he's trying to use to make the light bulb isn't suitable.

and eventually he took in those feedback, make the necessary Twicks and changes, and he found success. He found success using the carbonized bamboo fiber in case you're wondering. And this is the same. for trading your first few years, right? You might be losing money, right? Those are not failure.

Those are feedback feedback to you that whatever you're doing isn't working so it's going to be silly right to still keep doing the same thing over and over again and expecting a different result. So take that feedback with open arms, right, make the necessary change, and Twix and there's no reason, no reason at all why you won't be able to find success in the markets. So to sum it up right, this particular concept, you can look at this graph over here and I like to credit, right? Adam cool for it because this is something that I learned from him many years ago. So let's say you have a trading strategy.

Okay, and you've traded consistently, but still, the results maybe is not up to your expectations. It's negative. Well, it's not failure, it's simply feedback feedback to you that whatever you're doing isn't working. Maybe you need to overhaul the trading strategy or maybe something minor.

You can make some tweaks and changes and give it another another goal, right? So you go back trading the strategy okay, and you get the results right. And if it's negative again again, go back to the drawing board and make the necessary tweaks and changes. And eventually right when you do something enough times right, taking in the feedback, there's no reason why you won't be able to find success. Do you agree? Then smash the Thumbs Up Button And subscribe to the channel.

Next up. Position sizing. This is one of the lowest hanging fruit in trading because you can Master it in 15 minutes and once you do, you will never blow up another trading account ever again in your trading career if you master position sizing. So what is position sizing? Position sizing basically means right? How many units of currency or stocks or crypto or whatsoever to buy such that if the trade hit your stop- loss, you will only lose a fraction of your trading account Like one % 2% at most.

And the reason why you want to only lose a fraction of your trading account is because if you lose too much Capital it can reach to a point where it's hard to get back to break Even So for example, you look at this table over here if you lose 10% of your trading Capital Guess what you need? 11% to get back to break even might not seem a lot, but if let's say you now you lose 50% of your trading account, you need 100% return to get back to break even And as you can see right as your draw down gets deeper, as your losses get deeper, the percentage to recover gets even higher to a point that you know. Let's say you lose 90% of your account you need like 900% 900% to get back to break even, which is you know, nearly impossible. So this is why we want to master position sizing so that we don't end up in this scenario. make sense.

So now the question is, how do you calculate the position size of each trade such that even if it's a loss, it's only a fraction of your account. So I'm going to walk you through how to do it step by step and it's not difficult. Give me a few minutes and this skill is going to pay you dividends for the rest of your life. So for example, for those of you who trade Forex I'm going to walk you through an example, let's say you're going to trade this currency pair Euro against the US dollar.

You can choose right currency pair that you're trading. Let's say your account size is in uh in US dollar I Think for most of you, it's in US dollar. Let's say your account is $5,000 Okay, and you want to risk 1% of your account, just put in 1% Or if you want to change this into a dollar term, you can put it a swap with money and you want to risk $50 That's possible as well. but I think the percentage one will be I Think easier to understand right? 1% 1% of your account.

So let's say your stop loss is 25 Pips When trading this currency pair, then now the question is, how many units of Eur USD should you trade such that if the trade hits your stop loss hits your 25 pip stop loss. That is only a loss of 1% of your account. That is only a loss of $50 to your account. Just click calculate and there you have it right.

You'll speed out the numbers which is 20,000 units or about 0.2 Lots of Euro USD that you can trade and that's the position size that you should be entering into your brokerage account. Okay, that's how you calculate position size And for those of you who trade stocks, all is not lost because there is also a stock position size calculator. Just Google Stock position size calculator. This is a one of the first few that turn up.

Let's say your account size for stock trading is $20,000 You want to risk, for example, 2% risk on the account. Let's say your entry price is 20 bucks. your stop loss is at $15 risk. To reward, let's just put one to one.

Your let's say this, just ignore the fees. For now, let's put zero slipage. Just put zero right. If you know what those numbers are, you can put in.

If not, just leave it at zero, then just click, calculate and there you have it. It says that you can buy 80 shares right Of this particular trade that you are taking, can buy 80 shares of this particular stock right that you're trading right? So that such that if the stock hits your stop loss, you lose right? Not more than 2% of your trading account. So in this case you'll be about $400 on this trade. Does it make sense? As you can see, right? This is a very, very important skill set and it's not difficult to master and once you master it right, there's a good chance that you'll never blow up another trading account ever again.

Moving on. Okay, the next one is, if you fail to plan, you plan to fail. So let me ask you, do you know the reason why you know so many Traders lose money in the markets? Here's why, right? You look at the chart and then they see a series of big bullish candles. You know, bum bum bum.

Three big candles in a row and they would think to themselves, man, Raina look how bullish this price action is. Let me just buy right and catch a small piece of the move. I'll quickly get out of the trade before the market reverse against me. Now what is the problem with this? Well, simple right.

Let me ask you if the market were to reverse against you shortly after you hit by where do you exit if the market let's say does move in your favor, when will you take profits or if the market moves in your favor and then it start to reverse against you. Do you hold on to the position thinking that you will continue higher? Or do you exit the trade right for whatever small profits or a small loss that you've incurred? So can you see where I'm coming from? If you can't answer any of the questions that I asked earlier, that it means that you have failed to plan. And this is why if you know, go out there. you see families with many kids three, four, five, six, seven kids.

Clearly the couple probably failed to plan right? That explains why I have three kids myself. So anyway, how do you avoid getting caught in this situation where you know the market catch you off cut. So I'm going to share with you this very simple checklist, right? So no matter what, the market you know throws at you, you're always prepared. First one, Do you know why you are entering a trade? That's the first question.

So the answer is very simple. It has to be because you're following your trading plan, your trading rule, your trading strategy. anything else like you know foro the fear of missing out itchy fingers bottom uh-uh wrong answer and you shouldn't be entering the trade at all. Second one is this: Do you know where to get out if you are wrong? Because let's face it right, the trading setup could be.

you know, perfect. All the stars are aligned and you could still get it wrong. The market could still turn against you. So when do you get out if you are wrong? So very simple Rule that I follow is to is to actually set your stops at a level where your trading setup is invalidated.

So let me explain. So let's say you buy when the price comes into support. Let's say it comes into support. It bounce off you buy.

So at which price point on this chart will your trading idea be invalidated? Well clearly if the price breaks below support right then your trading setup is invalidated. So your stop loss will be somewhere about here. right? Let's put it SL l So if the market let's say comes down lower, hit your stop loss. Clearly, at this point the area of support is gone, it's broken.

You should then get out of the trade. Third thing, if you are wrong, it's the loss a fraction of your account. So ideally right. You want to make sure that your loss right is not more than 1% of your account.

So this way you incur four, five, six, seven loss in a row. It's still not the end of the world because it's only a fraction of your account. And finally do you know when to get out? If you are right, What if the market starts to move in your favor, where do you take profits? The last thing you want to do is to hold the trade forever and then you know, watch it come back to your entry, hit your stop loss and then you know All gone right? So uh a technique that you can consider is to you know let's say again Market is in a in a Range then comes down to this area of support goes up higher you buy. So usually if you want to capture a swing right you can look to exit your trade before opposing pressure steps in.

So let's say you buy near support. Where my opposing pressure come in is at this area of resistance. So somewhere about here right over here right could be your TP your take profit level to exit your trade before the opposing pressure steps in. So this is where you know you'll get out if you are right.

Okay so before I go, let's do a quick recap. Shall we? So to be in the top 1% of Traders, there are few things that you need to have Number One to understand: Market Structure So Market structure pretty much refers to what the market is currently doing. whether it's in an uptrend, downtrend, or range. If the market is in an uptrend, we want to look for buying opportunities, and if the market is in a downtrend, we want to look for selling opportunities because if you can trade along the path of least resistance, you will put the odds in your favor.

Number Two have the right expectations. Trading is not a garage quick scheme, right? Your first few years are pretty much for Learning and the later years are for profit. Third thing, there is no such thing as failure, only feedback. That is the mindset, right.

The top 1% of Traders adopt. And if you can adopt this mindset, you realize that your trading will improve. Your life will improve. If you are running a business, your business will improve, right? Because because it's a philosophy right that you want to embrace not just in trading, but in other aspects of life as well.

Number Four Position sizing. So this is one of the easiest skill to master and it's going to pay you dividends for the rest of your trading career because if you master it in like less than 10 minutes you will. It will. be unlikely, right that you'll ever blow up a trading account unless Black Swan happens to you, right? Black Swan Event and finally have a bulletproof plan.

This means you know when exactly to enter a trade, when to exit if the market moves against you, when to exit if the market moves in your favor. Etc And by the way, if you're enjoying this training so far, then I'd like to invite you to my free upcoming webinar called Stock Trading. Secrets Where in this webinar, right? I'll share with you a proven stock trading system that has generated 3,225 over the last 22 years. I'll give you the exact trading rules: Entries: Exits: Etc Plus, we'll talk about how you can you know grow a small trading account to six figures, seven figures, and Beyond even if you have a small starting Capital How you can actually profit in Bull and bare markets even during a recession.

So all the strategies and Concepts will be covered in this upcoming webinar. So I'll put the link below this video. Sign up for it, It is free and I will talk to you soon.