Only Strategy You Need To Make $10,000/Month (2024 Full Guide)
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- Опубликовано: 7 июн 2024
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In this video, I go over a trading strategy that is extremely simple to use and can help you make consistent profits in 2024.
You can use it on options, stocks, forex, etc.
Please LIKE this video if it provides you Value!
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Time Codes:
0:00 - Introduction
0:10 - What's The Strategy?
1:25 - Why Does The Strategy Work?
3:06 - 3 Steps To Trade The Strategy
4:10 - Trade Example on TSLA (Bearish)
7:33 - Trade Example on SPY
DISCLAIMER: I am not a financial advisor and anything that I say on this RUclips 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 
Развлечения
This guy right here is one of if not the top teacher on you tube. I don’t know if you have a background in education but your methods and cadence of speaking is a gift and I appreciate the work you put into these videos- THANK YOU
Really appreciate that!🫡
It’s like he’s Ai 😂
Agreed!
I use TheTradingGeek… just kidding. 😂 Now it’s Brad Goh because he got wrecked. 😂
I rely on various books, most notably “A Beginner’s Guide To Day Trading Online” (2nd Edition) by Toni Turner. I also read “Start Day Trading Now” by Michael Sincere, and I’ve picked up, but haven’t read yet, “The Day Trading Beginner’s Guide” by William K. Bradford.
The trading channels I watch include ya boi Scarface Trades, ImanTrading, and Jason Graystone.
While at work, I listen to various individuals like Michael Douglas and Tom Hougaard to understand discipline in the trading environment. Additionally, “How To Day Trade For A Living” by Dr. Andrew Aziz, which I also own in paperback.
If Scarface is reading this, I’d love to hear his opinion on these resources and any more he thinks would benefit a complete beginner. I’ve been self-teaching for nearly 6 months, but I’m still struggling, even with basics like drawing the previous day’s high and low. Now I find myself watching a “how to draw in TradingView” tutorial now. 😂 There’s so much to take in, but in the long run, it’s so worth it.
Lastly, I’ve been investing since I was legally allowed to. Nearly 8 years later, after pulling pints, installing cladding, trimming hedges, stacking shelves, delivering mail etc, I’m kicking myself that it’s only just occurred to me.. I’ve finally realized I should learn to day trade. I would be where I’m trying to get now already had I pursued trading just as much as I pursued investing. Here’s to the next 8 years! 🍾🎉
I couldn't agree more!
Thanks for the update.
Yes, the crypto market is really taking off and Bitcoin is in good shape to start trading now🔉✅
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.
Te/e gram
@Ryanstrategy THAT IS HIS USER NAME
please make sure you write the USER NAME complete and He's verified
This video helped me a lot. Great teacher and simple precise instructions and explanation!
Excellent content and you explained it very clearly as well. Thank you for sharing!
Great video I learned so much from it. Can you possibly include an example of when market structure breaks to the upside? Thank you in advance.
Really nice excellent instruction
The best RUclipsr in stuck market ❤❤
All your videos are so beautiful. Thank you dear .
Do you trade at the open, or do you wait until around 10 am
Wow cool, thanks for sharing, but I usually use the unfilled order strategy in the nfc community.
What's stronger, the previous day high/low or the current session first 5 minutes?
Hi! Does it also work for reversals? Great content btw!
What broker do you use for stocks?
Will it work for Gold or Currencies as well? Please let us know.
Awesome video. Have you tried this strategy on the weekly?
Do you prefer this strategy over your opening 5 min candle high/low? That one has been pretty solid for me as well
love this video brother! simple and effective. gonna try this tomorrow!!! LFG!!!
I trade ES. Would I trade ES using the daily HL of SPX or can I simply use ES HL even though I believe the 'Daily HL times are different? thx
Nice 👍
Superb
Thanks for the video! Question, if u don't mind. When a break below or above happens, do you also take into consideration whether the overall "trend" is in your favor, or not? Also, regarding where to aim to close the trade, if in a trade that is against longer term trend, do you let the trade not run for as long as you would if it was with the trend, i.e. pick a closer TP level? Thanks in advance. 💛 from the 6 : )
Bro what broker are you using?
Thanks for the video brother!!
Is this the strategy you currently use on a daily basis? I have been jumping around from strategy to strategy although I have a good handle on trading I tend to still blow prop accounts. It would be great to be consistent.
I watched your video last night. I applied the rules 5 different stocks if any of them would not break. Guess what, 3 out of 5 did the same thing you explained and other 2 did not touch H or L. Man thanks for the brilliant strategy. Cheers.
The trading view Day candles start at 6pm EST. Should my time be 6-6 or stick with 12-12?
What time frame do you use for the entry?
if there is a break but no retest do you consider that a no trade situation?
bro youre a fucking G thanks 4 all that you do you are helping me level up my trading
are your strategies also applicable in forex?
Your story is very inspirational! I’ve lost over 40k in last 4 years. Everyone has told me to quit, but why quit now when I’ve put so much in already. I’m gonna find a way
Because you're not learning enough to be profitable and your history suggests you're just gambling. Just think of what you could've bought with that 40k.
Does this work on Forex pairs too. Cool video
Thank you very much for your excellent video and education!
What time frame are you using for entry
THANKS FOR YOUR EFFORT 👏🏽
Clear, concise and to the point. Really appreciate how you make your key points without extra babble. Makes watching your video all of the way through easy.
What happens if the market opens above previous day highs do you wait to break pre market high for a ping or wait to retest previous day high and go long?
He is very good
what if the pre market opens above previous day high do we play it and wait till it retests the previous day high and if it bounces of the retest is a good entry level ? please someone help
thank you
Does this work on forex pairs?
Did not get the link for the webinar. 5pm eastern
How do enter short positions, is this options only, like puts
After getting the previous daily time high and low; At what time frame you take your entry to continue the trade?
5 minutes timeframe
What win strike rate do you get with this strategy ?
This strategy is valid for forex and futures too?
0:45 This kind of "chop", when trading futures (e.g., NASDAQ futures), can produce a boat load of money.
Great
sir if market breaks previous day high go up 4 or 5 candles then came back breaks down daily HL then after some time again breaks same day high so in that case can this strategy works ? or it works only one time break daily high or low ! PLZ CLEAR THE CONCEPT
Does it also work with Forex?
Is this only valid for stocks ?
I think Xeventy´s XVT will be one of the top performers in bullrun 2024/2025.
What is the best tf for entry
I've learnt this one of your videos before and it is so nice to see that you made it with more details. Appreciate the video!
Yeah I made this before, but this is the updated guide since I got requests to do it again!
@@ScarfaceTradeshow often do you see this strategy showing up on the charts?
Would this strat apply to the futures mkt?? I have back tested a couple of trades and seems promising. Thoughts, comments, suggestions???
i think so, im gonna test it on NQ /ES
@@ce8539 and what are the results?
Can this work with forex trading ?
Can I apply this set up in ES mini futures trade?
Strategy good for all asset classes?
Tony, the key to your following is your ability to connect with people explaining your "Thought Process" This is key for alot of people. Support and Resistance levels can be taught but many teachers do not outline their thought process on why. I will continue to follow and look forward to all your content. I signed up for 3.0. Thanks for your transparency, teaching style, and honesty.-Josh Rioux, Kenai Alaska
Take a step back and re-assess your method. Same thing was a problem for me too when i first got into trading,i went head on with out knowing enough. But along the line I started working on trades with my discretionary fund manager "Ada Elizabeth Baker"
Trading is mental game, that is why most people lose money because they cannot control their emotions. Because the prevalent idea of our culture is to effortless indulge and focus on their own pleasure and wellbeing, but controlling your emotions is unpleasant and painful and that is why most traders lose money because they don't want to meet the pain. That is why there is so many drugs, alcohol, obese and fat people, broken marriages and adultery.
Elizabeth's concept is key in beating all odds to excel in this form of online commodity. Her management team is quite impressive so far! With SUK made a profit of over 28,863 dollar
She has a wide presence on the web, you can
just search for her
ADA ELIZABETH BAKER You can't miss her info
Praying for you today. You are a blessing.
One more question! Which do you consider better quality to use: pre-market high and low, or previous day high and low?? Thanks in advance!! ; )
Thank you!
@scarface trades do you trade crypto?
I'm trying to learn more and more about forex every single day but I still have some questions and the most important one is: Let's say I don't have time for studying charts and I'm someone who doesn't know when to buy and sell can someone let's say who had made profits and knows what he's doing tell me when to buy and sell is it profitable. The second question is. There are lots of different platforms and I'm using meta trader 4, does every platform has its own market? What I mean by that is every platform has its own prices and fluctuations?
Take a step back and re-assess your method. Same thing was a problem for me too when i first got into trading, i went head on with out knowing enough. But along the line I started working on trades with my discretionary fund manager "Erna solbeg
Everyone keep stating the importance and advantages of working with proper mentorship but no one offers pointers on how to find good trading mentorship. Sucks yeah🤦
I am surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week..
Trading is mental game, that is why most people lose money because they cannot control their emotions. Because the prevalent idea of our culture is to effortless indulge and focus on their own pleasure and wellbeing, but controlling your emotions is unpleasant and painful and that is why most traders lose money because they don't want to meet the pain. That is why there is so many drugs, alcohol, obese and fat people, broken marriages and adultery.
Mrs Erna solbeg's concept is key in beating all odds to excel in this form of online commodity. Her management team is quite impressive so far! With SUK made a profit of over 28,863 dollar
applied supply and demand combined with RSI to pass the TTP stock prop challenge.
Cool
Solid video my guy! What apps do you use for your edits?
Quality is fire!
ty for this sir
What are you buying? Options? What expiration? 0DTE?
Do you do crypto trading?
Does it work on crypto?
Does it work on forex ?
How often does this happen?
Does this strategy works on crpto?
Thank you for your videos,I still learn more after 2 years
Happy to hear that!🔥
wont everyone's previous day high or low be different depending on your time zone?
what strike do you get in? and how many contracts do you buy, if u have plan with certain amount of loss?
i what to know this too. kindly make a video regarding strike on options and contracts qty.
thank u
i agree. it will be very helpful specially choosing the right strike.
we wait til he make a video about it
The strike is more than likely at the daily low I cant see it being any higher or vice versa oncthe daily high
"Wrist her award trade." Gotta love dodgy captions. 😂
i think this is a good strategy... however what if we pretty miss out on what breaks the high or low of previous day...? like some stocks like tesla may close at 177 then open at 172 the next day and simply in 1st 5 min candle its highest with a wick at 176.... just like that theres an overnight gap... how can we catch it without FOMO on it
Will this strategy work with swing trading?
Every strategy works for day trading or swing trading you just change timeframes.
AMAZING 🙏🙏
Does it works on fx
I’ve been able to learn so much and expand so much on my trading. Hope to make it to the master class so I can refine my trading and be better.
Glad I could help, hope to see you in there!
@@ScarfaceTradesiA
Can you reply back with the link that discusses candles and their strength please?
When you mark the previous day high and low are you talking about the entire previous day or a certain timeframe back from current day market open?
Entire previous day. He started out by marking them on the Daily chart and then moved down to the 5M chart to execute the trade.
@@SolutionsWithin Got it! Thank you!
This strategy work only on stocks or in currency and commodity
its actually the best strategy ...i am learning it slowly ...it might have 99% win rate
whats his win rate?
Stupid question….is a day a 24hr day or the trading day (ie trading hours)?
#Respect
I like this!! Will it work with futures?
Thank you! Which time is for you daily low and high ?
I understand that you searched for the previous daily time frame high and low you set the process of the same trade ( entry ; stop ; and target ) at what time frame ?
Clarify for me; please.
He set the previous day H/L using the daily and then switched to the 5 minutes, look at the timeframe top left on his trading view screen.
Does that mean some days we don't trade, if it does not cross neither lines?
Can anyone tell me what trading platform is used in these videos?
Link is that video of candlestick and price action bro
But what if it doesn't break the previous day high or low ??
In entries like this f.e 8:30 always I'm afraid that chart already did reversal and price is going in upward direction, and it's uptrend, how to deal with this?
Stop loss
Never heard that before. Previous day 🧐🤔
That’s why I make these!
But there is no guarantee that high and low works as retest..it could break and go for opposite direction as well..mind it
thanks bro