AM TRANSFORMAT 50$ IN 18.000$ !

Summary

The speaker reflects on their trading journey, detailing their progress in a challenge to grow a $50 account to $500. They discuss trading strategies, market trends, and personal experiences, including a focus on the GBP/CAD and USD/CAD currency pairs. The video also touches on the importance of risk management and the speaker's decision to close trades to secure profits, despite not doubling the account as initially targeted. Additionally, there's a segment about modifying a car for a rally challenge, showcasing the speaker's passion for both trading and cars.

Takeaways

• 😀 The speaker is participating in a trading challenge aiming to turn $50 into $500.
• 📈 They are currently in a summer period, which they consider the most difficult time for trading.
• 💹 They started with $50 and reached a peak of $6,175.18 in their trading journey.
• 🌟 The speaker emphasizes the importance of not holding trades over the weekend due to potential market volatility.
• 📊 They are looking for a retest in the market and plan to add positions if the market continues in a favorable direction.
• 🚀 The speaker is focusing on GBP/CAD and AUD/CAD currency pairs, which show promising opportunities.
• 📉 For the AUD/CAD pair, they expect a descending trend and are looking for sell positions after a retest.
• 🛑 The speaker advises respecting market structure and waiting for retests, highlighting the importance of patience in trading.
• 🏆 They mention their trading strategy involves using a simple EMA indicator, with the rest based on their market experience.
• 🚗 The speaker also discusses their car modification hobby, showing a personalized car and expressing excitement for a rally event.

Q & A

What is the main goal of the speaker in the 'Challenge' mentioned in the script?

The speaker aims to transform $50 into $500 during the 'Challenge', which is a trading challenge.

Why does the speaker consider the summer period as the most difficult for trading?

The speaker believes the summer period is the most difficult for trading because it is generally a quieter time in the market, making it harder to find trading opportunities.

What was the initial capital the speaker started with in the first week of the 'Challenge'?

The speaker started with $50 in the first week of the 'Challenge'.

How much did the speaker's capital grow to in the second week of the 'Challenge'?

In the second week, the speaker's capital grew from $246 to $1,175.18.

What trading strategy does the speaker mention for JP CAD (Japanese Yen and Canadian Dollar pair)?

The speaker mentions looking for a retest of the high after a pullback, aiming to continue the upward trend and break through the previous daily high.

What is the speaker's approach to trading during the weekend?

The speaker usually does not hold trades over the weekend and does not recommend it due to the potential for significant market changes that can occur during that time.

What is the speaker's view on the GBP CAD (British Pound and Canadian Dollar pair) for the upcoming week?

The speaker sees the GBP CAD as quite promising with a high chance of going for a retest of the high during the upcoming week.

What technical analysis tool does the speaker use in the script?

The speaker mentions using a Fibonacci tool to identify potential sell positions.

What is the speaker's experience in trading, as mentioned in the script?

The speaker has over eight years of experience in trading, which is reflected in their approach and simplicity in analyzing the charts.

What does the speaker mean by 'let's do a burnout' in the context of the car scene in the script?

The speaker is referring to performing a burnout, which is a driving maneuver where the driver spins the tires to create smoke and noise, often done for show or in a drag race.

What is the speaker's attitude towards the Romanian Police's actions in the script?

The speaker expresses frustration with the Romanian Police for taking away their driving license due to the aggressive modifications on their car. They vow to continue modifying their cars and not to be deterred by the police.