so let's close this trade up for a nice 300 Win It wasn't a massive Runner but quick and easy
wins are always good we were up 500 on this trade when all of a sudden It reversed all the way on me
knocked me out for just a hundred dollars and then rocketed all the way to the Moon without me we're
gonna look at some live day trades I took that will help you become a better Trader so looking
at this trade we're just looking for a reversal off of this High here the market has made a really
strong push-up and then it's starting to lose some momentum by producing some pretty big red bars
here and so my thought is hey we might just push all the way back low here and I can get a nice
swing trade back to the lows getting you know about two three to one on my risk and so again
these don't have to have work every time to be consistently profitable I only have about 50 win
rate but because I make much more than I lose you make money in the end so this one starts to look
pretty good and it ends up actually reversing on me and I lose out on that trade and that is
totally okay because again we don't have to be right every time but it is frustrating when you
are wrong especially if the market looks like it's gonna reverse again and maybe you're just
too early sometimes in these swings you get in a little bit earlier than when the market wants
to reverse and you have to jump in again and that can be scary because you can maybe lose twice in
the same area and so here that is exactly what I am seeing the market looks like it pushed up
again and here is a lower high and so what I'm seeing here is there's kind of a head
and shoulders pattern there's kind of a shoulder here's a head the Market's made one last push-up
and then essentially the market is making another shoulder here and all this signifies is this is a
low or high in terms of a downtrend and so it's starting to make this potential downtrend so
that's what I'm looking to see happen and it makes a nice big red rejection bar here and so I'm going
to get in based on that and look for this to move lower and so again because this Market's pretty
volatile and and reversing pretty quickly I want to get out on this pretty aggressively if it gets
to the lows here and or if it sets up a pattern of it looking to reverse now it's hard because
well this could also just keep going lower this could be a reversal on a a larger Trend and smash
through these lows and keep going and so having that flexibility to get out if it's looking like
it's going to reverse and just go for a small win but also letting things play out and keep going
lower is hard to do sometimes but here you can see the market is starting to chop and there's
a couple bars stacking up and then this strong big green bar that is definitely an inclination to me
that hey we might be bottoming here and I want to get out if this starts to break higher the market
could totally have a quick little pullback here and keep going lower and so I want to allow myself
to stay in the trade if that is the case but if it decides to just come up here maybe have a slight
pullback and then rip higher I want to get out because well there's still good profits here I'm
still up like 300 on this trade and I definitely want to capture that if that is the case and so
here based on these red bars you can see this is that pullback that we were hoping for and so at
this exact point this can go either way this could either pull back and go lower or it could come up
this could be this little a little pullback right here like a higher low and rip higher exactly kind
of like this reversal pattern up here it's just playing out in a little smaller pattern and so
because of that I want to move my stop Above This High here because again if we are gonna
break above this I think it's pretty good chance that we rip higher and so I that is exactly what
happens you can actually see it ripped up really quick and but I was able to get out and and profit
a good portion of this move now you're not always going to get massive swings and that's okay these
trades still add up I trade the mes Futures on a one minute chart and Futures are awesome because
they let us start day trading with a small account and slowly grow it over time all I do is I Look to
take reversal trades and what I do is I actually look at a 15 minute chart of the MS Futures as
well and I just look at the price action and I Look to take reversals off of just where I see
the market having a double bottom a double top and then when it tests that area again I Look to
take a reversal off of it and with those levels I then draw them and they come into a one minute
chart and I look for smaller patterns to reverse off of those levels so if we jump forwards here
in the day we're actually at the lows here and the market has made a flush into the lows and started
to chop and I think that is a good indicator that hey we're starting to potentially reverse
and we're at a level where we are likely to reverse and so it's all about adding up your
reversal level with a strong reversal pattern and that reversal pattern here is a nice flush lower
some chop and then we're looking to break back higher and so I'm going to get in on this little
higher low we have right here got in right here and then we're going to look to see what
the market can do hey maybe we can push all the way back up here that seems maybe unlikely just
because the market is kind of in a downtrend right here and the market has been pretty choppy and
slow but again you don't know what the Market's going to do you want to leave yourself open to the
possibility of anything happening so again just moving forwards we're gonna let things play out
and we want to move with the swings because the market can be pretty volatile sometimes but in
the long run with swing trading moving with the swings is the profitable way to do things and so
here I want to wait for the market to again have that pullback to move my stop with it because this
is a really strong bottoming signal at this point at this point I'm really confident that we are
going to push higher and that is because we've made this kind of final exhaustive move down
and then we've made another push up recovery mat and so that is a signal that is showing that the
market is really kind of giving up here and buyers have come in and really bought this bottom and it
just shows a lot of strength and so I don't want to get skittish and get knocked out early because
this could be a larger Trend reversal where the market actually does push all the way back up to
the highs and in that case that would be a really big trade and we can look to capture that move
so here the market is just kind of chopping around and that's okay it's hard to just sit here and
hold through that it's pretty nerve-wracking but again patience pays off the market is starting to
break up higher here and so I'm gonna move my stop below this chop range because I think the idea is
hey you know if it comes back up here and pushes lower again I want to get out of the trade because
that seems likely that maybe this larger trend is taking over and pushing us back lower you might be
able to draw some kind of trend line here of the market holding that and so I want to get out based
on that and so here it sucks to see the market really push us all the way back and knock us out
because we were up I think five or six hundred dollars on that trade and it was looking really
good and and we got out you know maybe up 50 bucks and so at this point I just called it with this
day because that is really frustrating but that's just how trading goes right sometimes it works out
and sometimes you have a massive pull back like this which then takes you out and that can be
really frustrating and if we just quickly Zoom forwards and actually look how that played out
you can see the market came down bottomed made a nice actual consolidation and I would say this bar
right here is a really good Long Bar and then just rocket it up from there and if we if I stayed and
and traded this you can see that would have been a nice 5x on that trade and so that that sucks
to miss but again that's how trading goes it's better to leave when you're frustrated instead of
trying to stay and force because generally when you do that you're going to make bad decisions