LIVE DAY TRADING - How I Make $14,832 Risking $2k (My 10x Strategy)
Summary
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This video summarizes a day of live trading, detailing the trader's strategy, risk management, decision-making process, and the trades taken throughout the day, including both wins and losses. The trader aims for a $10,000 profit per day with a $2,000 risk per trade.
The video documents a full day of live day trading, demonstrating the trader's strategy and decision-making process. It begins with setting up the trading environment, including TradingView charts and the exchange platform. The trader outlines their strategy, which involves identifying market structure, such as structural development and change of character, and then looking for entries into fair value gaps or support/resistance levels. The video showcases two trades, one of which resulted in a significant profit of $10,456, and another that resulted in a loss of $2,872.92. The trader discusses risk management, aiming for a 5:1 reward-to-risk ratio on trades, and emphasizes the importance of patience and discipline. The session includes breaks and lunch, showing a more relaxed aspect of the trading day. The video concludes with a trading day overview, highlighting the total profit of $15,712.62 for the day, a 50% win rate over four trades, and a profit factor of 3.81.
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LockedWorth watching if: This video is for aspiring day traders interested in understanding a live trading session, specifically focusing on a strategy involving market structure, fair value gaps, and risk management. Viewers can learn about real-time decision-making, trade execution, and the psychological aspects of trading, including managing wins and losses.
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