I Make $100k/Month Using One Simple Strategy (Live Trade Results)

Summary

This video script details a trader's journey, emphasizing the effectiveness of a simple trading strategy over complex ICT or SMC concepts. The speaker claims to have made $42,000 in a week using a straightforward break and retest setup, which they argue is more profitable and adaptable than advanced methods. The script includes live trading examples, showcasing how to identify key support and resistance levels, and the importance of simplicity in maintaining a trading strategy's edge.

Takeaways

• 😎 The speaker claims to have made $42,000 in 3 days of trading without relying on complex ICT or SMC strategies.
• 📈 The speaker validates their claim by showing live login to their trading account with ibkr, a regulated broker, displaying weekly earnings.
• 📊 They emphasize the importance of simplicity in trading strategies, arguing that simple strategies are more adaptable and profitable over time.
• 💡 The speaker introduces the 'break and retest' setup as their primary trading strategy, which focuses on high momentum and low-risk pullbacks.
• 📝 They provide a detailed explanation of how to identify entry and exit points using key support and resistance levels, as well as profit targets.
• 🔍 The speaker discusses the diminishing edge of trading strategies over time, highlighting the need to adapt to new market conditions.
• 🤔 They critique the complexity of ICT and SMC, suggesting that over-complication can lead to unprofitability and difficulty in adjusting strategies.
• 📉 The speaker uses real trading examples to demonstrate how they applied the 'break and retest' strategy to make profits.
• 📝 The importance of scaling out of positions to lock in profits is highlighted, with the speaker showing their trade scaling strategy in action.
• 📚 The speaker offers educational resources such as a guide on price action and candlesticks for those who want to improve their trading skills.
• 🔗 They invite viewers to join their 'accelerator program' for live trading sessions and further learning opportunities.

Q & A

What is the speaker's claim about their trading success?

The speaker claims to have made $42,000 in just three days of trading without relying on advanced ICT or SMC concepts, but rather using a simple trading strategy.

What does the speaker suggest is the key to their profitability in trading?

The speaker suggests that the key to their profitability is the simplicity of their trading strategy, which allows for easy adaptation and consistency in making profits.

What is the speaker's view on the complexity of trading strategies?

The speaker believes that complicated trading strategies can lead to unprofitability because they are harder to tweak and adapt when the market changes.

What is the 'break and retest' setup mentioned by the speaker?

The 'break and retest' setup is a trading strategy where the speaker looks for a move to new highs followed by a higher low, indicating momentum. They then look for a pullback to the previous high, which turns into a level of support for entry into the trade.

What role does the '84% rule' play in the speaker's trading strategy?

The '84% rule' is used by the speaker to re-enter a trade when a certain condition is met, with the belief that the trade should work out 84% of the time the second time around.

How does the speaker validate their trading claims?

The speaker validates their trading claims by showing a live login to their trading account on the regulated broker platform, ibkr, to display their recent trading profits.

What does the speaker mean by 'Simplicity equals profitability'?

The speaker means that having a simple trading strategy makes it easier to understand, execute, and adapt to market changes, which in turn leads to profitability.

What is the speaker's stance on the effectiveness of ICT and SMC concepts?

The speaker acknowledges that ICT and SMC concepts could theoretically work, but based on their personal experience, they find simpler strategies to be more profitable.

How does the speaker use support and resistance levels in their trades?

The speaker uses support and resistance levels to identify potential entry and exit points in the market, looking for price action that confirms these levels before making a trade.

What is the significance of the 'live login' demonstration in the video?

The live login demonstration serves to provide transparency and credibility to the speaker's trading success claims by showing real-time account activity and profits.

How does the speaker approach scaling out of positions in trades?

The speaker scales out of positions to lock in cash flow and reduce risk, taking partial profits at key levels and leaving some position size to reach the final profit target.