just copy this, don't even think, this is how you trade

Summary

The video script discusses a systematic approach to trading, emphasizing the importance of patience and discipline. It details a strategy for identifying and following market trends, using price action to determine entry and exit points. The speaker urges viewers to avoid the common pitfalls of frequent trading and instead focus on clear, well-defined setups that align with the market's structure. The script provides a step-by-step walkthrough of a trading plan, highlighting the significance of understanding market context and sentiment to maximize returns and minimize risks.

Takeaways

• 📈 Consistent Trading: The speaker emphasizes the importance of following a consistent trading system and strategy until it fails or the market conditions change.
• 💡 Building Net Worth: The script encourages traders to use the discussed system to build up their net worth or to start with a funded account.
• 🤔 Patience and Discipline: It highlights the need for patience in trading, waiting for the right setup and not forcing trades when the market is unclear.
• 🔄 Market Sentiment: The speaker talks about using tools like the sentiment viewer to gauge market sentiment, which can help in making trading decisions.
• 🚫 Avoiding Random Trades: The script advises against trading randomly and instead focusing on clear market moves that align with the trader's strategy.
• 📉 Handling Losses: It's mentioned that losses are part of trading, and traders should be prepared to take them when trades don't go as planned.
• 📈 Stage One and Two: The concept of stage one and stage two in market movements is discussed, indicating the importance of recognizing these patterns for trading opportunities.
• 🔄 Surfing the Market: The term 'surfing' is used to describe riding the momentum of the market's movement, either upwards or downwards.
• 📊 Technical Analysis: The script includes detailed discussion on using technical analysis tools like the SMA (Simple Moving Average) and price action to make trading decisions.
• 💼 Risk Management: The importance of risk management is stressed, including setting stop losses and taking profits to protect and grow capital.
• 📝 Trade Management: The speaker provides insights into how to manage trades once entered, such as moving to break even and trailing stops to maximize profits.
• 🔑 Key to Success: The script concludes with the message that patience, discipline, and following a proven system are keys to success in trading.

Q & A

What is the main focus of the speaker in the video script?

The speaker focuses on a trading system, emphasizing the importance of understanding and following it to build net worth or a funded account.

What does the speaker advise against doing in trading?

The speaker advises against following anything else besides the discussed system, paying for unnecessary services, and trading without a clear understanding of the market context.

What is the 'three candle rule' mentioned by the speaker?

The 'three candle rule' is a trading strategy the speaker uses, where they look for strength in the market after three candles have formed, potentially signaling a continuation of the trend.

What is the significance of the 'clear market' concept in the speaker's trading approach?

A 'clear market' refers to a market with well-defined trends and patterns that the speaker can identify and trade with confidence, avoiding random trades that lead to losses.

What does the speaker mean by 'surfing' in the context of trading?

In this context, 'surfing' refers to the price action moving along with a particular trend, such as a rising 10 or 20, indicating a potential area of support or resistance.

What is the importance of 'tightness' in the speaker's trading strategy?

Tightness in price action is important as it indicates a potential area for price to break out or reverse, providing a clearer entry point for trades.

What does the speaker suggest doing when there is no clear trading opportunity?

The speaker suggests waiting patiently for a clear trading opportunity to arise, rather than forcing trades in unclear market conditions.

What is the role of 'validation' in the speaker's trading strategy?

Validation refers to confirming the market's direction and potential entry points through the analysis of price patterns and trends on different time frames.

How does the speaker manage trades once they are entered?

The speaker manages trades by moving the stop loss to break even after initial strength is shown, and then trailing the stop with a rising 10 or 20 to lock in profits if the trade continues in a favorable direction.

What is the speaker's view on the importance of patience in trading?

The speaker emphasizes that patience is crucial in trading, as it allows traders to wait for high-probability setups and avoid getting involved in every market movement, which can lead to random and often losing trades.

What is the 'EVC' the speaker refers to and how does it apply to trading?

EVC likely stands for 'Entry, Validation, and Context,' which is a trading methodology the speaker uses to identify entry points, validate the market direction, and understand the broader market context before making trades.