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.