Do This Before Work Everyday to Make Easy Money ($250/Day)

Summary

The speaker shares his successful trading strategy, which involves making over $9,000 in a month with less than 90 minutes of daily trading before his full-time job. He emphasizes the importance of trading during the US market open for optimal movement and outlines a five-step entry checklist to identify key support and resistance levels for potential reversals. The strategy focuses on day trading on smaller timeframes and emphasizes the need for a disciplined approach, including pre-market preparation and avoiding trades during news events to ensure consistent profitability.

Takeaways

• 💼 The speaker makes over $9,000 in a month trading for less than 90 minutes a day before their full-time job, teaching others to trade.
• 📈 They use a five-step entry checklist and a trading schedule that requires no pre-market prep time, focusing on the US market open for the best movement.
• 🕗 The speaker prefers to trade in the morning, specifically from 6:30 a.m. to 8:00 a.m., as it fits their time zone and schedule best.
• 📊 Trading can be flexible with different time frames, from one hour to one minute, allowing trades to last from minutes to days.
• 🔔 Some traders set alerts for important market levels to avoid staring at screens for hours, while others place orders beforehand for a hands-off approach.
• 📉 The speaker's preferred method is day trading on a smaller time frame chart, trading only when actively watching the market.
• 🌐 The trading strategy is applicable to any market or time frame, focusing on reading price action and candlestick patterns.
• 🛌 The speaker emphasizes the importance of being well-rested and focused before trading to avoid distractions and potential losses.
• 📉 The speaker avoids trading on Mondays to transition from weekend to work mode, which helps them be more prepared for the trading week.
• 📈 The speaker's strategy involves looking for market reversals, focusing on key areas of resistance and support, and taking trades with defined risk and reward.
• 📋 The speaker uses a checklist for entry, including waiting for the market to reach key zones, breaking downtrend lines, and identifying patterns like head and shoulders.

Q & A

How much money did the speaker claim to make in one month trading?

The speaker claimed to make over $9,000 in one month trading.

What is the speaker's full-time job besides trading?

The speaker's full-time job is teaching people how to trade.

What is the time commitment required for the speaker's trading strategy?

The speaker's trading strategy requires less than 90 minutes a day.

What is the speaker's preferred time to trade each day?

The speaker prefers to trade in the morning, specifically from about 6:30 a.m. to 8:00 a.m.

What is the importance of the US market open for the speaker's trading schedule?

The US market open has the best movement according to the speaker, fitting their time zone and schedule best.

How does the speaker prepare for trading each day?

The speaker prepares by having a relaxing routine the night before, waking up naturally at 6:00 a.m., having a cold shower, and then trading for about 60 to 90 minutes starting at 6:30 a.m.

What is the speaker's approach to trading when they are not in front of the computer?

The speaker sets alerts for important market levels or places orders beforehand, allowing the market to play out without constant monitoring.

What trading method does the speaker find most effective for their style?

The speaker finds day trading on a smaller time frame chart and only trading when they are actively watching the market to be the most effective method.

How does the speaker manage the risk in their trades?

The speaker uses a stop loss and adjusts it based on risk and potential profit, aiming for a risk-to-reward ratio of about 1:3.

What is the speaker's strategy for entering and exiting trades?

The speaker enters trades by looking for reversals at key support and resistance levels and exits trades by moving the stop loss to breakeven once the trade has reached twice the risk, and then tightens the stop as the trade progresses.

Why does the speaker avoid trading on Mondays?

The speaker avoids trading on Mondays to allow for a transition from weekend mode to work mode, which they find helps them to be more ready for the trading week.

What is the speaker's approach to drawing support and resistance levels?

The speaker emphasizes the importance of correctly drawing support and resistance levels as the foundation of their strategy, and provides a detailed explanation in a separate video.