How to Trade **WITHOUT** A Course.

Summary

This educational YouTube video offers a seven-step tutorial on becoming a profitable trader without costly courses or mentors. It emphasizes that all trading strategies can work and encourages viewers to learn from diverse sources, understand time frames, and select the right tools. The key steps include backtesting 750 trades and live testing with a demo account to understand personal trading habits. The presenter, a profitable trader for two years, shares his method, promising financial freedom to those who diligently follow the steps.

Takeaways

• 😀 Every trading strategy has the potential to work, and no single method is inherently superior to others.
• 📚 The internet, specifically YouTube and Google, is a rich source of free educational material on trading.
• 🔍 It's important to watch a variety of trading videos and learn from different sources to find a strategy that resonates with you.
• 🕰 Understanding that all time frames in trading are essentially the same, with the main difference being the frequency of events.
• 🛠 Learning the tools and indicators relevant to your chosen trading strategy is a crucial step in becoming a profitable trader.
• 📝 Copying a successful strategy is acceptable; there's no need to reinvent the wheel, as long as it aligns with your trading style.
• 📉 Backtesting and journaling at least 750 trades is a key step in understanding the strengths and weaknesses of your strategy.
• 📊 Demo trading is an essential part of the process, allowing you to test your strategy in a risk-free environment.
• 🧘‍♂️ Personal discipline and consistency are vital for success in trading, and this video aims to be educational rather than flashy or inspirational.
• 💡 The presenter emphasizes that following the seven steps outlined will lead to profitability, based on their own experience of making over a million dollars in crypto trading.
• 🤝 The video encourages viewers to engage with the presenter on social media for further support and questions, positioning the channel as an educational resource.

Q & A

What is the main theme of the video?

The main theme of the video is to educate viewers on how to become a profitable trader without having to pay for courses or mentorship.

Why does the speaker emphasize that the video will not be flashy or inspirational?

The speaker emphasizes this to set expectations that the content will be raw and educational, focusing on practical steps rather than entertainment or motivation.

What is the first step mentioned in the seven-step tutorial for becoming a profitable trader?

The first step is understanding that every single trading strategy works, and there is no inherent superiority between different types of traders.

According to the video, where can one find the information needed to become profitable in trading?

The information needed to become profitable is available for free on YouTube and Google, from various channels and sources.

What is the significance of understanding different time frames in trading as mentioned in step three?

Understanding different time frames is important because it shows that market movements occur at different frequencies across various time frames, and this knowledge can prevent confusion and help in strategy development.

What does the speaker suggest as the tools for learning a trading strategy in step four?

The speaker suggests using indicators, such as VWAP and volume, and building a strategy with either your own rules or by copying someone else's, emphasizing that it's okay to copy as there's no need to reinvent the wheel.

Why is backtesting and journaling over 750 trades considered a crucial step in the process?

Backtesting and journaling over 750 trades is crucial because it allows traders to understand their strategy deeply, including the best trade times, stop loss sizes, and long-term performance expectations, all without risking real money.

What is the purpose of step seven, which involves live testing a strategy on a demo account?

The purpose of step seven is to understand oneself as a trader, including personal habits, best trading times, and the human factor in trading, before moving to a live account.

What does the speaker claim about the effectiveness of following the seven steps in the tutorial?

The speaker claims that following all seven steps in the tutorial will lead to profitability for life, provided the steps are followed consistently and diligently.

How does the speaker intend to support viewers beyond the video content?

The speaker intends to support viewers by being available on Instagram for questions, and also offers a program for those who want to work with him, with links provided in the video description.

Outlines

00:00

📈 Becoming a Profitable Trader: Free Educational Guide

The speaker introduces a video aimed at teaching viewers how to become profitable traders without the need to pay for courses or mentorship. The video promises a raw, educational approach, contrasting with flashy, inspirational content. It outlines a seven-step tutorial for self-teaching, emphasizing that all trading strategies can be effective if followed correctly. The first step is recognizing the validity of various trading strategies, including smart money and retail trading, and the importance of understanding that all strategies aim for market profitability. The speaker encourages viewers to watch diverse trading videos and read up on strategies available for free online, which will be crucial for finding a trading style that resonates with the individual.

05:00

📊 Mastering the Art of Trading: Steps to Consistency and Profitability

Continuing from the introduction, the speaker delves into the subsequent steps of the tutorial. The second step is about acknowledging that all necessary information for becoming a profitable trader is freely available online. The speaker advises watching a variety of trading videos from different sources to find a trading method that clicks with the viewer. The third step highlights the uniformity of time frames in trading, explaining how patterns in larger time frames are simply more frequent occurrences in smaller ones. The fourth step involves learning and choosing the right tools for the chosen trading strategy, suggesting that it's acceptable to copy successful strategies as a starting point. The fifth step, which the speaker admits was the most time-consuming for them, is about backtesting and journaling over 750 trades using tools like Excel, Google Sheets, FX replay, or Trading View. This process is meant to familiarize the trader with their strategy's performance over time, including best take-profit points, stop-loss sizes, and long-term expectations. The speaker emphasizes the importance of consistency and dedication in this step, as it is where many may falter.

Keywords

💡Profitable Trader

A profitable trader is someone who consistently makes more money from their trades than they lose. The video emphasizes that anyone can become a profitable trader by following the seven steps outlined, without needing to pay for courses or mentorships. The speaker claims to have achieved this status and aims to teach others to do the same.

💡Trading Strategy

A trading strategy is a systematic plan that a trader uses to make buying and selling decisions in the financial markets. The video stresses that every trading strategy can be successful if followed correctly. The speaker discusses various strategies, such as smart money trading, retail trading, and ICT strategies, highlighting that no single method is superior.

💡Smart Money

Smart money refers to capital that is controlled by institutional investors, market experts, and other financial professionals. The video mentions that smart money strategies are just as viable as retail trading strategies, countering the narrative that one is better than the other.

💡Retail Trading

Retail trading involves individual investors buying and selling securities for their personal accounts, often using tools like trend lines and support lines. The video explains that retail trading strategies, when properly applied, can be just as profitable as institutional or smart money strategies.

💡Backtesting

Backtesting is the process of testing a trading strategy on historical data to see how it would have performed. The video emphasizes the importance of backtesting at least 750 trades to refine a strategy and understand its potential performance without risking real money.

💡Demo Account

A demo account is a simulated trading account that allows traders to practice trading without risking real money. The video advises using a demo account to live test a backtested strategy, helping traders understand their own behaviors and preferences before trading with real money.

💡Indicators

Indicators are tools used in technical analysis to interpret market data and predict future price movements. The video mentions various indicators like VWAP and volume tools that traders can use depending on their chosen strategy, emphasizing the importance of selecting the right tools for one’s strategy.

💡Journaling

Journaling in trading refers to keeping detailed records of all trades, including entry and exit points, reasons for taking the trade, and the outcome. The video highlights the importance of journaling at least 750 trades to gain insights into a strategy's effectiveness and to improve trading discipline.

💡Financial Freedom

Financial freedom is the state of having sufficient personal wealth to live without having to work actively for basic necessities. The video suggests that following the outlined steps will lead to financial freedom through successful trading, allowing individuals to achieve a profitable and sustainable trading career.

💡Consistency

Consistency in trading means adhering to a strategy and set of rules over time, regardless of individual trade outcomes. The video stresses that consistency is key to becoming a profitable trader, as inconsistent behavior can lead to poor decision-making and losses.

Highlights

Introduction: The video aims to teach viewers how to become profitable traders without paying for courses or mentors.

Emphasis on Education: The video focuses on being educational rather than flashy or inspirational.

Step 1: Understand that every trading strategy works, whether it's smart money, retail trading, or pattern trading.

Step 2: All necessary information is available for free on YouTube and Google.

Step 3: Recognize that all time frames in trading behave similarly, with patterns repeating across different intervals.

Step 4: Choose your trading tools and strategy, which can be copied from others.

Step 5: Backtest and journal at least 750 trades using tools like FX Replay or TradingView.

Step 6: Open a demo account and live test your strategy to understand your trading behavior.

Final Step: Open a real live account and start trading.

Reassurance: Following all steps guarantees profitability in trading.

Personal Experience: The speaker has been profitable for the last two years, making over a million dollars trading crypto.

Community Support: Encouragement to engage in the comments and on Instagram for additional support and questions.

End Note: The video is part of an effort to make the channel more educational and supportive for traders.

Dedication Required: Success in trading requires dedication, consistency, and following the outlined steps.

Avoiding Pitfalls: Emphasizes the importance of not trading live money prematurely and avoiding unnecessary losses.

Transcripts

what's up YouTube Welcome to my new

video as you guys can see by the

thumbnail and the title we're going to

have a pretty educational video on this

is going to show you how to become a

profitable Trader without the courses

without having to pay a mentor to teach

you how to trade because to be

completely honest with you even though I

also have a program for those of you who

want to work with me I know that it's

very possible for you to not pay anybody

and still become a profitable Trader

okay so let's get right into it and also

before we get started I also want to

point out that this video is not going

to be like super flashy I'm not going to

be driving the Hellcat I'm not going to

be driving the Beamer none of that it's

not going to be inspirational this is

going to be very educational and very

raw so for those of you who are not

dedicated or consistent or have the

attention spent of a peanut this one's

going to hurt but for those of you who

really want to lock in and learn this is

the video for you okay so in this video

we're going to be going over a seven

step tutorial on how to become a

profitable Trader on your own for

completely free no mentors need it none

of that just you Google and YouTube and

a spreadsheet that's completely it step

one you need to understand that every

single trading strategy Works what do I

mean by that that smart money works that

me effects works that pattern trading

works that retail trading works it does

not matter like smart Money traders and

Retail Traders are not better than each

other that honestly should never be a

discussion because at the end of the day

we all have the same goal and is to make

money with the markets to make money

with the charts and I really want you

guys to understand this part because

it's very important to know that as long

as you follow the other six steps in

this video you are going to become a

profitable Trader 1,000% of the time it

doesn't matter what you trade it doesn't

matter the tools that you use it doesn't

matter your situation no just follow

these seven steps and that's it so first

one is understanding that every single

strategy works very simple but very

important step number two understand

that all the information for you to

become profitable is out there on

YouTube and on Google for completely

free so what you're going to do is that

you're going to watch as many trading

videos as you can and make sure it's

from different channels make sure make

sure it's from different people don't

get stuck with one at the beginning of

this journey it's very important that

you watch as many as you can why because

not all of them are going to click with

you not every single strategy or way of

trading is going to click with you but

once you find the one that does then you

can move on to the next step and once

you're doing this you know once you're

like watching the videos and looking it

up on Google you'll understand maybe

smart money works for you maybe retail

trading works for you like breakout

lines and vws and all that kind of stuff

works for you maybe me effects works for

you or ICT they all lead you to the same

which is profitability Step number three

once you've done step one and step two

and you know the way of trading that you

want to follow I want you to understand

that every single time frame is the same

they all move the same the only

difference is that whatever happens in

the 1 hour is going to happen a lot more

often in the 5 minute and the same thing

with the 5 minute and the 1 minute the

things that happen in the 5 minute are

going to happen a lot more often in the

1 minute and for an example let's say

there's a breakout or a bullish model in

the 1 hour you can step down in the 5

minute you're going to find a lot of

bullish models or bullish breakouts in

the 5 minute minute as it's happened in

the 1 hour and by understanding this

you're going to save yourself a lot of

headaches you can even go ahead and open

on the charts yourself and see it step

number four after you've chosen the way

of trading that you want to follow

you're going to learn the tools let's

say you go with retail trading you're

going to choose the indicators that you

want to use the vwap the volume stuff I

don't trade retail so I really don't

know the breakouts the trend lines the

support lines and all that kind of stuff

you're going to grab all those tools and

make a strategy you can either copy

somebody else say you a smart money

strategy if an ICT strategy you can copy

whatever it does not matter but you're

going to build a strategy with either

your own rules or somebody else's R and

trust me it's okay if you copy someone

I've done it everybody else does it

there's no need to reinvent the wheel

and after you decide what strategy we

can move on to step number five and to

be honest this is the one that took me

the longest so it's okay if it takes you

months or even a year to get this done

because it takes a while especially if

you don't have a lot of time like I know

it's a little bit different now cuz it's

summertime but once you guys are back in

school or if you're back at your job or

whatever I much have to do step number

five but it's possible in this step is

where the weak-minded people the lazy

people or those of you who can't be

consistent with anything are going to

fail you're going to have to back test

and journal over 750 trades what do I

mean by that you're going to go on Excel

or Google Sheets you're going to use

either FX replay or the replay tool on

trading view you're going to go back

years in time 3 4 years it does not

matter as long as you get 750 trades

tested and you're going to test your

strategy until you get at least 750

trades this way you not only get to know

your strategy by knowing when the best

TPS are how big your stop loss should be

what the Max draw down over a long

period of time is the amount of money

that you can expect over a long period

of time but also unlike everybody else

on social media that tells you to go

trade live and lose a lot of money like

they did you get to have no risk cuz

you're not going to be trading real

money you're not even going to be

trading demo you can honestly speedrun

this like you don't have to to be like

there with a demo account waiting every

single morning for a [ __ ] trade like

a dumbass like honestly who the [ __ ]

does that when you have FX replay or the

replay tool on trading view you can

literally just fast forward as much as

you want you know there's no point the

market still move the same as they did

three years ago so yeah so summarize

step five back test and journal at least

750 trades once you've done that then we

can move on to step number six and this

is not as painful as step number five

but it's still pretty boring because

you're G I feel like you're ready to go

and trade with a live account or a prop

firm or whatever but like I said you

have to follow every single one of these

steps to make sure that you actually

become profitable if you follow them I'm

going to keep on saying this every

single person that follows all the steps

all seven steps in this tutorial is

going to become profitable for life and

for free just by watching this video

which is kind of cool right okay so step

number seven you're going to go and open

a demo account you're going to live test

your strategy has already been back

tested forever a few months it could

take somebody 3 months to feel ready or

it could take somebody 6 months or it

could take somebody a month to be done

with step seven but basically what step

seven is and what it works for is so

that you know and understand yourself as

a person as a Trader because you're not

a machine right we're all human here

it's not AI trading for us so maybe if

you're trading at certain times of the

night then you can't wake up the next

day like super early to trade New York

those little things the human factor of

trading is where you get to know it

that's what you're really testing in

Step seven okay now let's say that you

know yourself as a Trader you're done

with step seven you know all the ins and

outs from when you should go to bed when

you should wake up and when honestly

like the best Trader as a person during

the day okay once you've done all that

we can move on to step eight which is

the last step in which is basically

going and finally opening a real live

account and trading with a real live

account not a lot of you are going to

get all the way here there's no real

step eight it's just trusting that

you've gone through every single other

step that I mentioned in this video

they're all as important and following

them is what's going to decide if you're

going to have Financial Freedom if

you're actually made to be a Trader or

if you even want to be a Trader because

trust me this is the real way to do it

when everybody else is saying on social

media I don't know if it actually works

or if they're just trying to sell you a

course but what I just showed you what I

just told you in this video will make

you profitable if you follow it step by

step that's how I did it now I've been

profitable for the last 2 years I've

made over a million dollars trading

crypto with the steps that I just told

so yeah I just want to thank you guys

for giving me the time of your day to

watch this video I really hope that

every single person that watches this

video does the steps and if you guys

want to lock in with me and learn the

way I trade and like I said all the

links are down below hope to see you

guys in there but through all that

believe in yourself to stay locked in

and let me know in the comments what you

thought about this video cuz I'm kind of

trying to make this channel more like an

educational Channel with no [ __ ] to

just basically help you guys cuz I know

trading is a lonely road so maybe I can

be that friend that's there when you

know when you need it so yeah don't

hesitate to ask me any questions on

Instagram links down below but yeah

that's the end of the video love you