if you have lost more than
175 dollars in the last month of trading
you are doing it wrong in this video i'm
gonna give you a step-by-step process on
how to become a successfully profitable
day trader risking the least amount of
money humanly possible
[Music]
welcome back to the channel everybody my
name's artie and this is the moving
average a show where we talk about
everything day trading to keep you
profitable on a consistent basis i don't
know what happened this last month but
i've gotten an absurd amount of dms from
people saying they've blown their
account they lost 300 they lost 500 they
lost a thousand dollars they borrowed
money from their parents friends and
family members they lost 10 000
and it is rampant right now i need you
guys to stop this video has to be made
so that you guys understand how day
trading works you guys have literally
heard it a thousand times there is no
trading strategy that works 100 of the
time it does not exist there is not a
trader on this planet that does not have
losses you've also heard the fact that
risk management is one of the most
important things in day trading think
about the phrase risk management it's
managing your risk it's not risk
avoidance the only way to avoid risk in
day trading is to not do it so how do
you risk the least amount of money with
the most amount of upside this is the
typical way that people do it they open
up a 100 trading account thinking that
they're risking a small amount of money
in order to get rich quick instead of
using one percent risk and a two percent
take profit meaning that on a hundred
dollar account your risk is only one
dollar and your take profit is two
dollars now for the normal person
two dollar profit on all the work that
goes into putting in one trade is not
cost effective it does not bring you the
wealth that you desire and so the
typical thing that most people do is
over leverage that one trade they end up
risking five percent 20
50
in hopes that this is the one trade
that's going to hit take profit and
they're gonna double their account what
actually ends up happening is that over
leveraging stresses them out the trade
starts going against them they move
their stop loss the trade breaks out in
the opposite direction and that 100
is now gone so instead of risking one
percent for the trade you risked a
hundred the next scenario that happens
and this is the worst one by far
the person doesn't want to trade with a
hundred dollar account so they end up
borrowing money from friends and family
members thinking that if they have a ten
thousand dollar account or a twenty
thousand dollar account they can make
these bigger lot sized trades and make
more money and pay them back and live
the high life and what they do is make
the same exact mistake that they made
with the hundred dollar account and
before they know it that ten or twenty
thousand dollars is gone now you might
be somebody that's thinking to yourself
that's the most stupid thing i've ever
heard i would never do something like
that and i'm here to tell you i've
gotten hundreds and i mean hundreds of
dms from people telling me that that
exact same thing happened to them this
is why i need you all to stop
over leveraging and stop trading money
that's not yours stop trading money that
you're not willing to lose so with that
being said and the whole backstory of
why i'm making this video let's get into
the steps that you can take to lower
your risk and be more profitable you
guys have seen this setup a thousand
times before it is my favorite setup for
trading and it is my bread and butter
when i'm day trading this is what we
call the three line strike this is an
example of a cell a long position looks
the complete opposite so price is below
the 200 moving average meaning we're
looking for short positions price gets
some nice momentum to the downside then
three consecutive fake out candles up
and then one engulfing candle down
meaning that that fourth candle right
here engulfed completely ate the
previous candle it is bigger than the
previous candle that right there is a
three line strike you enter in on that
trade you keep your stop loss two times
the size of that candle that engulfing
candle and your risk reward ratio is one
to two meaning that you're risking one
percent to gain two percent that's what
this trade looks like this is on us 30
so it shows you right here your stop
loss is 71 points and your take profit
is 143 points and this move happened in
11 candles which is 55 minutes so in 55
minutes you had a successful trade
because you were following the momentum
and you scalped quick price action so
how do you make a lot of money off of
this one trade if you don't have too
much money to put in your trading
account what a majority of professional
traders do is trade on funded accounts
if you guys don't know what a funded
account is it's a service offered by a
prop firm there are companies that exist
out there that if you prove to them that
you're a good day trader they will give
you the money to trade and you split the
profits with them it's very very simple
okay so now that you know these two
things that prop firms exist and that
you're really bad at day trading and
you're losing money really quickly this
is step one that i need you to do i need
you to stop trading real money please be
patient with yourself but just stop
trading for the next 30 days that's all
i'm asking stop trading real money for
30 days and just listen to me during
that 30 days i want you to go and set up
a demo account i want you to set up this
fake money trading account a demo
account no risk zero risk whatsoever
it's fake imaginary money instead of the
typical hundred thousand dollars that
all demo accounts give you i want you to
manually set this demo account to 25 000
you can use any broker's demo account
that you wish i suggest you use hugo way
because it goes on to the funded account
thing that i'm going to talk about in
just a second so you've stopped live
trading with real money you've set up a
25 000 demo account with hugo way now
i want you to be diligent with this for
the next 30 days i want you to trade
every single day with a rules-based
strategy you do not get into a trade
unless it meets these specific rules you
can use this strategy or whatever
strategy you've been using but i want
you to test that strategy for the next
30 days on a demo account and i want you
to open up an excel spreadsheet and i
want you to write down the time and date
and currency whatever asset you're
trading on every single trade
how it played out why you entered the
trade everything this is going to be
your trading journal you need to have
this in order to track your results no
professional trader just trades willy
nilly and says i'm gonna go short here
and then they have 15 losses but they
have no proof of what happened during
those losses and they can't improve off
of the knowledge of why they lost the
trade at the end of that 30 days you
have an entire spreadsheet of every
single one of the trades that you took
and how they played out now i want you
to evaluate that entire spreadsheet look
at your win percentage and look at the
total account balance and see if you are
a profitable trader if you are not yet
after that 30 days you need to do it for
another 30 days and keep going until you
are profitable on demo it's stupid to
start trading real money
if you're not profitable on demo because
you won't be profitable with real money
you can use my affiliate link down below
or you can go google it yourself i
literally do not care if you use my link
or not it is not important to me the
important thing is that you choose this
account you choose a challenge account
the lowest for twenty five thousand
dollar funded account is one hundred and
seventy five dollars
there are no monthly fees there are no
trading rules no restrictions on what
style of trading and you get 90 payouts
on the first 10 percent of profits and
80 payout after that the reason why it's
called the challenge account is because
they're giving you a demo account to
prove that you are a good trader to
prove your profitability and to hit a
certain percentage gain on the account
if you want to read all of the details
on everything involved with this funded
account you'll see everything right here
on the rules section it's funding
talent.com forward slash rules it gives
you everything broken down so you know
exactly what parameters you need to hit
here's a basic overview you have a
profit target for this challenge period
for a 25k account
you have one month to gain eight percent
on the account and then the second phase
is four percent so with your proper risk
to reward ratio your goal is to hit two
percent per trade so theoretically four
successful trades back to back will get
you through the first phase of this
challenge you also have to keep in mind
the daily max drawdowns that you can
have on the account which is 5
so you would have to lose five
back-to-back trades in order to fail
this challenge and the most incredible
thing you risked 175 dollars to get this
funded account right that's a small
amount of money compared to what people
have been losing this last month
according to my dms so you risked 175
dollars to try this funded challenge
account right
refundable fee after successful
completion of both phases of the funding
talent challenge the sign up fee will be
refunded upon the first payout that you
receive that means that that 175 dollars
you invested gets returned to you
this is now a zero risk endeavor now
let's get back to the charts and show
you exactly how this works out so now
you have your 25 000 funded account
right you're in profit mode you're out
of the challenge you already passed that
you're ready to make some money
you're one percent risk on every single
trade is 250
one percent of 25 000
is 250 that is the maximum drawdown you
should be willing to have for one trade
your profit goal is two percent meaning
that your take profit is going to be 500
per trade with this specific trade
example you set your stop loss according
to the size of that candle if you hover
over your position you see that your
stop loss is 71 points on us 30. use a
position calculator on the internet they
are free and they're everywhere but for
me and my contract sizes on us 30 a .01
lot size means that every point that us
30 moves
i get a dollar so my calculation on this
is very very simple my one percent risk
is 250
i divide that by 71 points which is the
stop loss that i've set at and i get
3.52 so my lot size is going to be 3
micro lots i can't do 3.5 micro lots
micro lots or individual things and i'm
not going to push it up to four micro
lots because that's over risking that's
not according to my plan so with this
one trade as it hit take profit i got
429
now you can see the potential here right
if you took 175 and opened up a forex
account and started day trading with
that you're going to make a very small
amount of money and you're going to get
frustrated you're going to over leverage
and it's going to fly away out of your
pocket or you can be smart and get a
funded account and have way more money
with the same amount of risk and
actually trade the proper way risking
one percent for two percent and that's
the bare minimum some strategies get you
one to four one to five i've even seen
some swing traders go for one to ten
which blows my mind if you are losing
money if you've lost more than 175
dollars in the last month
stop trading real money
open up a 25 000 demo account
demo it for the next 30 days and track
every single one of your trades if you
are happy with the profitability of that
strategy on that demo account go to
funding talent and set up the 25 000
funded challenge account for 175 dollars
pass the challenge and start making real
substantial income i really genuinely
hope that you guys hear what i'm saying
to you stop risking so much of your own
money if you messed this up you only
lost 175 bucks but if you opened up a
500 account with fora and you're trying
to make money and that goes like why
would you
take the 175 away from the 500 that you
had go buy yourself a brand new pair of
nikes and be stoked about it as well as
go out to a fancy dinner and try your
hand at day trading like
you got to think about your resources
and how you want to allocate them now i
know that you guys are losing for a
specific reason and it is one of 10
things that i find that are the most
common day trading mistakes which you
can watch fully explained in detail in
this video right here and if you guys
got some value out of this video and you
like the way that i teach and you like
just me in general consider subscribing
to the channel by clicking this button
right here thanks so much for watching
and we'll see you in the next video