This is all true 1:30 . As soon as I made my stop wider so I wouldn't get stopped out and moved it accordingly with the candle towards my take profit. I was able to control the risk and take profits. I also trade 2 contracts take profit on 20 ticks and have a runner ride the rest of the way.😎🤙👍
The real answer to this question is after years in the market, you begin to recognize certain things ‘working out or resolving’ more often than they fail.. this can only be done imo by watching price action for hours a day for however long until you find what you consider a pattern, or event, or time of day (usually a lot of this combined example a breakout that occurs between 8:30 to 10:30 , if it is the first or second price breakout only of the day for that stock, coming on high volume which just broke previous high of the day).. if those often work then you ONLY trade that pattern at that time and no other times , and you can capture that provbibility say if it resolves 70% and fails 30% then you win more and make money.. still gotta weather those 30% losers as well with a stop loss ofc..
@@MrNick615 Even if you were to find some anomaly or pattern in the market that would give you an edge you can be sure that others will see it too and the market will make it disappear.
@@chadtrades I'm a member at SMB Capital and they say that trading a few hours a day wont cut it. They say you have to train like an athlete. They think beginners must spend a lot of time trading, studying, and honing their skills. Basketball players spend all day practicing. With all there is to learn, how can someone even consider trading for 1 hour, when 90% fail.
This is the dumbest question in the world of questions and shows your lack of business sense. The rich don't get richer by being quiet and keeping to themselves.
@@mztd912 It just a question. I'm not sure how this question shows a lack of business sense. Also, asking a question is a sign of intelligence. We ask questions to learn. I think it's pretty stupid to assert that someone is lacking, because they asked a question. What are you lacking?
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Exactly! Great advice! I will always take an A+ setup for a 1.5R over a B- setup for a potential 3R.
a realtor doesnt loose all his money because the staging stuff is still belongings to the realtor, so risk is only marketing cost
Thank you. Very interesting way to look at trades.
Great advice💪🏽
Just curious on what your definition of a point is? Do you mean 30 ticks or 30 points which is 120 ticks. Its different for everyone
This is all true 1:30 . As soon as I made my stop wider so I wouldn't get stopped out and moved it accordingly with the candle towards my take profit. I was able to control the risk and take profits. I also trade 2 contracts take profit on 20 ticks and have a runner ride the rest of the way.😎🤙👍
How do you determine if a trade is high probability or not
Hindsight is always 20/20 is it not ?
Combining key levels with volume and price action. Bigger the volume and reversal candle it is the higher the probability
@@chadtrades I concur. I have been leaning towards these 3 key factors
PRICE LOCATION, PACE of tape, PARTICIPATION (volume)
The real answer to this question is after years in the market, you begin to recognize certain things ‘working out or resolving’ more often than they fail.. this can only be done imo by watching price action for hours a day for however long until you find what you consider a pattern, or event, or time of day (usually a lot of this combined example a breakout that occurs between 8:30 to 10:30 , if it is the first or second price breakout only of the day for that stock, coming on high volume which just broke previous high of the day).. if those often work then you ONLY trade that pattern at that time and no other times , and you can capture that provbibility say if it resolves 70% and fails 30% then you win more and make money.. still gotta weather those 30% losers as well with a stop loss ofc..
@@MrNick615 Even if you were to find some anomaly or pattern in the market that would give you an edge you can be sure that others will see it too and the market will make it disappear.
Why do trading influencers on youtube spend their time making youtube videos, if trading is so profitable?
Trading only takes a few hours per day so it’s a good way to build another income stream and diversify
@@chadtrades I'm a member at SMB Capital and they say that trading a few hours a day wont cut it. They say you have to train like an athlete. They think beginners must spend a lot of time trading, studying, and honing their skills. Basketball players spend all day practicing. With all there is to learn, how can someone even consider trading for 1 hour, when 90% fail.
Why does McDonald’s have commercials and they are multibillion dollar company?to continue to bring in revenue to grow their brand
This is the dumbest question in the world of questions and shows your lack of business sense. The rich don't get richer by being quiet and keeping to themselves.
@@mztd912 It just a question. I'm not sure how this question shows a lack of business sense. Also, asking a question is a sign of intelligence. We ask questions to learn. I think it's pretty stupid to assert that someone is lacking, because they asked a question. What are you lacking?
The fact u used j dun and umar as your click bait is to much bro 🤣 smh hating
Can u teach me plsss
I HV 5000 Indian rupees
I,m a small farmer
Pls help me
I'm glad to be inside your trading room. Excellent investment for me😅
Hmm
Your the only trader looks worn out. Be presentable man