here we go again traders I just want to wear this Richard music it's my trading
music playing in the background ok so we've come down I jumped in on a t25
just here we were about to get filled on this one as well this is a short of 10
contracts for six ticks I just left a fairly wide stop here and I didn't
bother adjusting to automatically when my tray goes on come on come down
actually am I'm going to do here try this let's go to break even plus one
once again just because of the time of day I shall go to break even plus to
come on tick down one more let's get going come on so traders you can just
see here I had one two three winning trades come on one more there's a heap
of contract sitting there I know I'm in front but we need to get through 97 96
and World it we three minutes 2 to 5 the pre open so could could anything could
happen here could rally up and take me out of plus two hopefully it comes down
and punches through here and fills me at plus 6 which is 750 or 250 so it's a no
Lose trade here it looks like it's going to come up and stop me out with a
profit go on I was even debating with the take this trade is so close to the
pre open but I was willing to roll the dice just because once again it's only a
couple of trades after its t20 and those members that I have know that you
when you take trades after your t20 t20 is a really great signal or confirmation
of changing trend at least for the short term and you can fire off a couple of
trades high probability trades with a lot of certainty for the gonna deliver
so why is it going to deliver it's getting very close to five o'clock which
is a pre-open so you taught you've heard me talk about two hundred dollars a
contract per day and what I may even do actually is is actually pull that up
because this is a really good point to bring up what is a realistic profit
target let me just start get that out the way for a moment as we watch this
traders I have a a daily target of 400 plus a day now and i recommend you
traders target around the where are we here just trying to find this thing
around the two hundred dollars a day is a really nice spot to be you see if this
is it okay and just very quickly while we're watching this if you start off
with five thousand dollars in capital and you just two hundred dollars a day
and looks like we're about to hopefully punch down and go through on the
trade that'll put us over out two hundred dollars a day just in the last
hour pretty soon it's going to punch through curse myself and then I just
want to show you this so if you leave you two hundred dollars a day in within
what is that within five weeks you now trading two contracts on your six week
and if you just keep compounding at two hundred dollars a day on average within
25 weeks you're earning per week 52 thousand dollars a week here we go now
you can see what happened there traders some it actually spiked up stop me out
and and that's what that's what can happen at the open so we can see here
we've got the open here of London spiked up stopped me out so that was only good
for a look at it move this is why it got to be very aware of market opens but
what I did want to show you here let's let me just pull this down here and just
quickly cover this with you is where our here with five thousand
dollars per contract rated with trading the style i'm trading there you're never
risking any more than one point five percent but even on one point seven five
percent two hundred dollars a day within 34 weeks hypothetically you're ruining
eighty nine thousand dollars a week and and i just stopped at that point now why
doesn't every trade get to that point because trade is it's not realistic from
a psychological point of view there are very few traders like you watch me only
trade 10 to 20 lots generally speaking why on our trading hundreds of lots
because it's not within my psyche when it's your own money it's totally
different if you're a prop trader trading someone else's money or working
for a bank it's a total different experience so very very very few
multi-million dollar traders that are trading hundreds of contracts at a time
you know very plenty of traders earning 20, 30 grand a day but not trading
hundreds and hundreds of contracts it's just totally different but the point I
wanted to bring up here we just all easily wrought the 400 in tonight and
200 a day you can just see the potential of this that's huge but get rich slowly
you start off by using the simulator you master earning a couple of hundred
dollars a day on the simulator at least 100 trades of each set up looking at the
setup here that I had what was that setup it was very simply a t25 for my
students you know what that is it's a straightforward black and white one
hundred percent t25 and if looked down here it was also one candle early it was
at t2 and you can see what have you got here right now 89B okay a
plain-vanilla 89B so these are mechanical trading opportunities once
once again on standing the risk do not trade uneducated make sure you know your
stuff please read the risk disclaimer all of these trade setups and a whole
lot more or covered in the day trader fast track program just one of these
like the t25 I pointed out to you a moment ago you could just trade that the
rest of your life you're 34B's your t20s all of these are mechanical
stand alone trading opportunities and they're simplistic there's no fancy
indicators we're basically trading price action so let's just quickly duck back
and then we'll close off go to my website subscribe to my videos my
youtube channel and you can see what's happening here we've now got a what I
called a t9 a top in up t10 setting up there right now so traders will sign off
and I look forward to having you as a member so it's one two three four
winning trades once again wider to go to break even it was a London open okay but
we still locked in what are we locking actually we have only I was targeting
June listen what's let me quickly point this out I was targeting two ticks of
profit which is 250 notice here I've only got one tick this is what can
happen in really fast movie markets it can go through your targets instead of
actually profiting with two ticks which is two hundred fifty dollars I have
only picked up a hundred and twenty-five dollars on that particular trade less
Commission's of about forty odd dollars your brokerage so that's what can happen
in really fast moving markets you can be who can go through your stop so that's
enough thanks traders