How I Made $53,320 Day Trading Today – LIVE LOGIN PROOF

Summary

In this video, the trader breaks down how they made $53,000 in a single day of trading, focusing on a major trade in Tesla. They explain the strategy behind the trade, including the key levels they were watching, their chart analysis, and the timing of their entry and exit. The trader shares insights on managing risk, using market indicators like the ORB, and the importance of precision and patience. They also emphasize the importance of learning price action and volume for successful trading, aiming to help others improve their trading strategies.

Takeaways

• 😀 Focus on understanding price action and volume to make informed trading decisions.
• 😀 Pre-market analysis is crucial—always watch for key levels like the pre-market high and low.
• 😀 Pay attention to market news and data releases (e.g., consumer confidence and manufacturing index) that could cause volatility.
• 😀 Be aware of profit-taking behavior after a gap-up, which can cause short-term price dips due to synthetic supply.
• 😀 Use multiple timeframes: 2-minute charts at market open, 5-minute charts for the next hour, and 10-minute charts for the rest of the day.
• 😀 Identify and trade flag patterns: a strong move followed by consolidation and then a continuation move.
• 😀 Always have a clear risk-to-reward ratio in mind—aim for small risks with the potential for big rewards.
• 😀 Let your winners run—holding runners is key to maximizing profits in a strong trend.
• 😀 Don't overstay your welcome: know when to take profits and exit trades before momentum shifts.
• 😀 Trust your framework and strategy—avoid guesswork, and rely on structured, repeatable systems for success.

Q & A

How did you make $53,000 in one day of trading?

I made $53,000 by executing a series of trades, with the biggest being a Tesla trade. I used precise technical analysis, timing, and risk management to capture large profits from small price movements.

What was the biggest trade you made that day?

The biggest trade I made was on Tesla, where I identified a key breakout point, entered the trade, and rode the price move to my profit targets.

How do you use pre-market data for your trades?

I analyze the pre-market high and low levels as they represent key support and resistance points. For Tesla, I was watching the $350 level, which was important for my entry and exit strategy.

What is 'synthetic supply' and why is it important in your analysis?

Synthetic supply refers to profit-taking actions by traders, not actual selling, which can temporarily push prices down. This concept is important as it helps me anticipate potential pullbacks after a gap up in the market.

Why do you watch multiple timeframes during the trading day?

I watch multiple timeframes (2-minute, 5-minute, and 10-minute charts) to get a clearer picture of price action at different levels. This helps me understand short-term and long-term market movements, aiding in better trade decisions.

What is the significance of the $350 level in your Tesla trade?

The $350 level was the pre-market high, and I was watching it closely as a potential breakout point. When the price returned to this level, it confirmed my entry signal, allowing me to take the trade.

How do you manage risk when trading with large position sizes?

I manage risk by setting clear profit targets and stop-loss levels. In the Tesla trade, for instance, I risked only 74 cents to potentially make $4, which allowed me to take larger position sizes with minimal risk.

Why did you exit the Tesla trade when you did?

I exited the Tesla trade when I noticed momentum slowing down, and volume decreasing. This indicated that the price action was no longer as strong, so I took profits and didn’t overstretch my position.

What is the concept of 'letting runners run' in trading?

'Letting runners run' means allowing part of your position to stay open as long as the trade remains profitable. In my Tesla trade, I let some positions run to capture additional profits after hitting my initial targets.

How do you ensure your trades follow a consistent framework?

I follow a systematic approach by using a set of clear strategies, analyzing key levels, and making decisions based on price action and volume. Consistency comes from sticking to this structured framework with no guesswork involved.