Key insights

• ⚖️ Choose a reliable brokerage such as Ninja Trader or Trading View for trading
• 📈 Consider trading Futures without the pattern day trading rule and with leverage
• 💡 Start with a simulated account to determine risk tolerance and set a positive risk-reward ratio
• 🔒 Keep risk percentage per trade below 5% of your account
• 💰 Limit risk to not more than 5% of your account per trade, eventually reducing it as the account size grows
• 🌟 Success in trading comes from focusing on mastering the strategy rather than quick financial gains
• 📊 Aiming for consistent profits over the long run is crucial for sustainable growth in trading
• 🕯️ Read price action and candlesticks for entry and exit points at different phases of account growth

Q&A

• What are the key points discussed about trading pattern, momentum, and trade execution?

  The speaker provides insights into the rubber band effect in trading pattern, risk management, momentum shift as an indicator, trade entry and execution strategy, the importance of risk and reward in trading, fluid trade management, recognizing support and resistance levels, and exiting trade to secure gains. Additionally, they refer to a complete master class for comprehensive trading knowledge.

• What is the strategy for day trading?

  The strategy for day trading involves a fluid risk-reward approach, maintaining a fixed amount at risk per trade, and following a five-step process for trade management, including identifying support/resistance zones, confirming trend breaks, and analyzing candlestick patterns for trade entry.

• What insights can I gain about trade management and scaling up position size?

  The trader shares insights on using larger time frames to draw support and resistance levels, waiting for market confirmation at support levels for trade entry, and scaling up position size gradually, as well as evolving trade management approach over time.

• What is essential for consistently profitable trading?

  Consistently profitable trading requires proving success in both good and bad market conditions, focusing on mastering a simple, single trading strategy, and maintaining a good risk-reward ratio by implementing a stop-loss and reading price action and candlesticks for entry and exit points at different phases of account growth.

• How can I protect my account when starting out in trading?

  It's recommended to start with a single trade to protect your account from potential losses and limit the risk to not more than 5% of your account per trade, eventually reducing it as the account size grows.

• What is the key to success in trading?

  Success in trading comes from focusing on mastering the strategy rather than making quick money and aiming for consistent profits over the long run. Building mental strength and confidence to deal with the volatility of trading takes time and effort.

• How can I manage risk when starting out in trading?

  It's important to start with a simulated account to determine risk tolerance and set a positive risk-reward ratio. Additionally, keep the risk percentage per trade below 5% of your account.

• Why should I consider trading Futures?

  Trading Futures can be advantageous as it allows trading without the pattern day trading rule and with leverage, potentially offering more flexibility in trading.

• What are some reliable brokerages for trading?

  You can consider using brokerages such as Ninja Trader or Trading View for reliable trading platforms.

• 00:00 Learn how to grow your trading account from making a couple of $100 to couple of ,000 per trade using a 90-minute strategy by choosing a reliable broker, considering Futures trading, managing risk, and setting a positive risk-reward ratio.
• 04:14 When starting out in trading, it's important to limit the risk to protect your account. It takes time to build the mental strength and confidence to deal with trading volatility. The key to success is focusing on mastering the strategy rather than making quick money, and aiming for consistent profits over the long run.
• 08:47 Consistently profitable trading requires proving success in both good and bad market conditions. Focus on mastering a simple, single strategy with key areas of resistance and support to trade reversals. Implement a stop-loss and maintain a good risk-reward ratio. The strategy involves reading price action and candlesticks for entry and exit points at different phases of account growth.
• 13:00 The trader shares insights on drawing support and resistance levels, identifying trade entry and exit points, scaling up position size, and adjusting trade management over time.
• 17:03 In day trading, it's important to have a fluid risk-reward approach and a fixed amount at risk per trade. The strategy involves a five-step process, including identifying support/resistance zones, confirming trend break, and analyzing candlestick patterns for trade entry.
• 21:11 The speaker discusses the rubber band effect in trading pattern, risk management, momentum, and trade execution. They provide insights into entering, managing, and exiting trades, emphasizing the importance of risk and reward. The speaker also refers to a complete master class for comprehensive trading knowledge.