How To Make +$2k Daily Trading Gold: Trading Strategy & Breakdown

Summary

In this trading tutorial, Kader from the Funder Brothers shares his experience of making $2,000 trading gold during the New York session. He emphasizes the importance of technical analysis, including candlestick patterns like manipulation and engulfing candles. Kader details his entry strategy, focusing on key price levels and risk management practices, stressing the need for discipline and patience in trading. He encourages viewers to engage with a giveaway by sharing their trading struggles, aiming to build a community of disciplined traders who can navigate the challenges of the market successfully.

Takeaways

• 😀 Kader made $2,000 trading gold during the New York session, showcasing his trading success.
• 📈 He emphasizes the importance of analyzing daily and 4-hour candles for identifying bullish trends.
• 📝 Confirmations are crucial before entering trades, especially in volatile market conditions.
• 🔍 Kader discusses the significance of manipulation candles, which indicate potential price reversals.
• 🎯 Entry models are based on price action, and he details his strategy for determining entry points.
• 💡 Risk management is essential, with Kader highlighting the need for appropriate stop loss placements.
• 🔄 He advises against FOMO and stresses the importance of discipline and patience in trading.
• 🏋️‍♂️ Kader compares trading discipline to athletic discipline, underscoring the need for a structured approach.
• 🎉 He engages his audience with a giveaway, asking them to share their biggest trading struggles.
• 📚 Kader encourages viewers to learn from him and participate in his trading community for ongoing support.

Q & A

What trading session does Kader focus on in this video?

Kader focuses on the New York trading session, where he made $2,000 trading gold.

What is the significance of the previous daily candle's closure?

The previous daily candle closed strongly bullish, indicating a potential upward trend and prompting Kader to look for buy opportunities.

What does Kader mean by 'manipulation candle'?

A manipulation candle is a type of candle that breaks the low of a prior bearish candle but then closes above its wick, suggesting potential bullish momentum.

How does Kader determine his entry points for trades?

Kader identifies entry points by analyzing candle patterns, looking for confirmations such as bullish closure after breaking the previous high, and considering price action on lower time frames.

What role does risk management play in Kader's trading strategy?

Risk management is crucial; Kader sets stop losses and adjusts them to break even to protect profits while aiming for favorable risk-reward ratios.

What advice does Kader give regarding trading discipline?

Kader advises traders to be patient and disciplined, emphasizing that emotional decision-making can lead to poor trading outcomes and that following a structured routine is essential.

What happens when Kader's trade reaches a significant resistance level?

When Kader's trade approaches a significant resistance level, he monitors price action closely and may close his position to wait for another entry if he anticipates a potential rejection.

How does Kader suggest traders handle losses?

Kader encourages traders to accept losses as part of the trading process and to focus on adapting and following their strategies instead of forcing trades due to fear of missing out (FOMO).

What is Kader's approach to market conditions when trading?

Kader acknowledges that not all market conditions are ideal and that understanding price action can help traders navigate less favorable days without compromising their strategies.

What is the question Kader poses for the giveaway?

Kader asks viewers to comment on their biggest struggles in trading to participate in the giveaway, which aims to engage the audience and encourage interaction.