You can make $250/day trading the same SETUP every day.
Most people don’t know what setup to look out for.
In this thread I’ll teach you:
The Most Simple Day Trading Strategy That Exists:👇
(1/10)
Most people don’t know what setup to look out for.
In this thread I’ll teach you:
The Most Simple Day Trading Strategy That Exists:👇
(1/10)
1) Momentum
First, you need to understand the type of trader you are.
Do you trade breakouts, reversion, momentum, etc….
For this strategy momentum trading is the best.
This means we will be looking for a stock with a developed trend and enter for continuation of trend.
First, you need to understand the type of trader you are.
Do you trade breakouts, reversion, momentum, etc….
For this strategy momentum trading is the best.
This means we will be looking for a stock with a developed trend and enter for continuation of trend.
2) Higher Time Frame
To establish a trend on the stock we want to go on the higher timeframe and look for higher highs and lows.
Once we confirm the trend we will be looking for the flag pattern on the 1 or 4 hour chart.
To establish a trend on the stock we want to go on the higher timeframe and look for higher highs and lows.
Once we confirm the trend we will be looking for the flag pattern on the 1 or 4 hour chart.
3) Why Flag Pattern?
Now, a flag pattern after a big move up represents that buyers and sellers believe the stock it as at a fair price because the stock is consolidating.
Therefore, once we do break out of the flag to the upside there will be liquidity on the retest.
Now, a flag pattern after a big move up represents that buyers and sellers believe the stock it as at a fair price because the stock is consolidating.
Therefore, once we do break out of the flag to the upside there will be liquidity on the retest.
4) Lower Time Frame
So, the retest would be the best risk/reward to capitalize on.
This is because we can have a tight risk as if we break back into the flag we can expect chop.
However if we continue the trend after the retest we have a lot of room to the upside.
So, the retest would be the best risk/reward to capitalize on.
This is because we can have a tight risk as if we break back into the flag we can expect chop.
However if we continue the trend after the retest we have a lot of room to the upside.
5) Real Example
Before we get into an example I made an ENTIRE video with more details and examples: 👇
youtu.be
Here we see on $TSLA a flag pattern and a clear trend to the upside on the 1 hour time frame.
Before we get into an example I made an ENTIRE video with more details and examples: 👇
youtu.be
Here we see on $TSLA a flag pattern and a clear trend to the upside on the 1 hour time frame.
6) Entering Trade
Now we hop onto the lower time frame to play the market open.
As we see here the stock broke the flag and then retested.
We put our stop below the break of market structure.
& profit target at the high of the flag pattern.
This is a 2.95R trade.
Now we hop onto the lower time frame to play the market open.
As we see here the stock broke the flag and then retested.
We put our stop below the break of market structure.
& profit target at the high of the flag pattern.
This is a 2.95R trade.
7) Play Out Trade
As we can see once we play this trade out it reached out profit target.
To make $2,220 on this trade the risk would have been $752.
As we can see once we play this trade out it reached out profit target.
To make $2,220 on this trade the risk would have been $752.
In Conclusion,
I hope this helped you realize trading isn’t about having a complicated strategy.
It’s about having entry/exit signals so clear that you won’t be confused when trading.
If this thread helped you: 👇
- Like + Retweet Original Tweet!
- Follow For More Education!✅
I hope this helped you realize trading isn’t about having a complicated strategy.
It’s about having entry/exit signals so clear that you won’t be confused when trading.
If this thread helped you: 👇
- Like + Retweet Original Tweet!
- Follow For More Education!✅
P.S-
The waitlist for Mastermind 2.0 is officially LIVE!
I’ll go over everything I’ve learned in 5+ years of trading and I’ll be trading live so you can see in real time how I think!
JOIN THE WAITLIST: 👇
scarface-trades.ck.page
The waitlist for Mastermind 2.0 is officially LIVE!
I’ll go over everything I’ve learned in 5+ years of trading and I’ll be trading live so you can see in real time how I think!
JOIN THE WAITLIST: 👇
scarface-trades.ck.page
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