It took me 3 years of time and money before I found a SINGLE trading strategy that was profitable.
In this thread I’ll teach you:
How To Make $500/Day Using A Simple Day Trading Strategy👇
(1/10)
In this thread I’ll teach you:
How To Make $500/Day Using A Simple Day Trading Strategy👇
(1/10)
1) Components
This strategy requires you to understand 2 main things.
- PM Levels / Key Levels
- Price Action
& of course discipline to execute.
This strategy requires you to understand 2 main things.
- PM Levels / Key Levels
- Price Action
& of course discipline to execute.
2) What Is The Setup?
The setup is trading only pre market levels on stocks.
It can be used on any ticker in the market and therefore can be used on a daily basis.
The setup is trading only pre market levels on stocks.
It can be used on any ticker in the market and therefore can be used on a daily basis.
3) Setup
Every morning you want to chart out the pre market levels on the stocks your looking at.
I recommend large cap names such as $AAPL, $TSLA, $SPY, etc.
The beauty of this strategy is there are multiple trades you can take with these levels.
Every morning you want to chart out the pre market levels on the stocks your looking at.
I recommend large cap names such as $AAPL, $TSLA, $SPY, etc.
The beauty of this strategy is there are multiple trades you can take with these levels.
4) Planning Out The Trade
Now that we have our levels we want to plan what could happen in the day.
In this example on $AAPL we have a strong bounce into open therefore these are the 2 scenarios that can play out:
Now that we have our levels we want to plan what could happen in the day.
In this example on $AAPL we have a strong bounce into open therefore these are the 2 scenarios that can play out:
5) Stop Loss
Now for our stop loss in both of these trades we want it to be at a break of market structure where the thesis would be invalidated.
This would occur here:
PM HIGH BREAK- $143.86
PM HIGH REJECT- $144.04
Now for our stop loss in both of these trades we want it to be at a break of market structure where the thesis would be invalidated.
This would occur here:
PM HIGH BREAK- $143.86
PM HIGH REJECT- $144.04
6) Profit Targets
For Profit Targets if $AAPL rejects PM High we will be looking for the PM Low as out profit.
If $AAPL breaks and hold PM High than we will be looking for the $145 whole psychological number.
For Profit Targets if $AAPL rejects PM High we will be looking for the PM Low as out profit.
If $AAPL breaks and hold PM High than we will be looking for the $145 whole psychological number.
7) Play Out The Chart:
We can see $AAPL broke & held the PM High.
Therefore our stop would be at $143.86 and target at $145.
Making this a 5.6R Trade.
We can see $AAPL broke & held the PM High.
Therefore our stop would be at $143.86 and target at $145.
Making this a 5.6R Trade.
In Conclusion,
Using simple PM levels to trade on a daily basis is a great strategy to help you find consistency trading.
This thread took a long time to make and I laid it out all for FREE!
If you got value:
- Like + Retweet Original Tweet!
- Follow For More Education!⚡️
Using simple PM levels to trade on a daily basis is a great strategy to help you find consistency trading.
This thread took a long time to make and I laid it out all for FREE!
If you got value:
- Like + Retweet Original Tweet!
- Follow For More Education!⚡️
P.S-
I Made A Much More DETAILED Video Explaining This Strategy!
Watch The Video👇
youtu.be
Follow Me On Instagram For Daily Education👇
instagram.com
I Made A Much More DETAILED Video Explaining This Strategy!
Watch The Video👇
youtu.be
Follow Me On Instagram For Daily Education👇
instagram.com
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