so you want to make 20 pips a day when
day trading if your lot size is proper
that's enough money for you to live off
of and that's all you want so in this
video
i'm going to show you how to get 20 pips
out of the market
every single day
[Music]
welcome back to the channel everybody my
name is artie and this
is the moving average a show where we
discuss everything day trading
to keep you profitable on a consistent
basis so depending on your account size
if you have a thousand dollar account a
ten thousand dollar account a hundred
thousand dollar
funded account and if you adjust your
lot sizes
properly a successful 20 pip trade will
be
just enough money for you to live off of
your one trade a day
is enough profit to keep you from being
homeless pays your bills pays your car
your insurance your gas your food your
groceries all of that
so let's show you how to get 20 pips out
of the market every single day
okay so right now i am looking at euro
usd on a 15 minute time frame
before we get into exactly where to
enter
and exit to get your 20 pips we need to
look
at your account size and see how much
money you need to make
in order for this 20 pip thing to work
for you so this is
simply like a breakdown of typical
account sizes 100
account size 1 000 account size and 10
000
account size with proper risk management
only risking
two percent per trade so with your risk
at two percent you're only willing to
lose two hundred dollars
per trade twenty dollars and two dollars
depending on your account size
with your profit goal being a minimum of
two to one so we're looking at a minimum
of four percent right here so these are
your profit figures for each account
size you have four hundred dollars forty
dollars and four dollars
so depending on how much you actually
want to
make per day or if this is just a slow
growth thing i mean eventually this
hundred dollar
account with four percent profit goals
per trade will eventually get higher
and you'll be making more money this is
the way that you should be trading
not like i mentioned in my previous
video how to grow a small account
ridiculously fast
so using these figures you need to
determine what lot size your trade needs
to be
in order for that 20 pips to hit your
profit level so i've linked this website
down below it's just
forextime.com but essentially they have
this calculator on here so
you enter your pip amount the currency
pair that you're trading
and then the deposit currency so
whatever currency your account's in
whether it's euro or gbp or usd
so you select that and you adjust your
lot size
to hit your profit number so for that
trade on a 10 000
account for 20 pips you want a profit of
400
so your lot size needs to be two and
again with proper risk management as
that
trade is going in the opposite direction
that you expected
you cut your losses at two hundred
dollars because you're only risking two
percent per trade
so use this calculator take a screenshot
of this so that you can know
how to properly risk manage yourself now
looking at euro usd you can see that
there's 20 pip moves all over the place
for example this would be a 20 pip move
so let's zoom in a little bit closer and
show you what 20 pips actually looks
like
using the measuring tool on the left
hand side let's draw this down
and boom that little nugget right there
i gotta really zoom this in for you guys
to see it this little nugget
right here is
20 pips that amount of space right there
20 pips
so you can see how easy that is to get
out of the market it is a very small
move
in the big scheme of things so i've
drawn a 20 pip
box and now we can see how this works in
our day trading strategies
so again 15 minute chart i'm gonna
adjust the settings on this chart really
quick to show
something really interesting it's not
interesting it's just nice tool to have
when you go to your chart settings in
the fourth option down in appearance
there's this little thingy right here
that says session breaks
if you click that you will see every
single
new day of trading you can see how much
the price moves
in a single day and how small this
little nugget is
see 20 pips huge movement throughout the
day every single day has over a 20 pip
movement
so how do you capitalize and actually
find that movement for the day
that's right you overlay indicators on
your chart so if you
keep your trading view platform at this
view
you kind of get a bigger scope of what's
going on in the market
you're still on a 15 minute time frame
but you can see the nice ebb
and flow of the market and if you've
watched my videos
on moving average trading whether it's a
crossover
whether it's the support and resistance
whether it's continuation of the
momentum on that downside or
upside you can see where your entry
points are
so say for example on this weird day
like you
don't really know where to get in unless
you have moving averages on there
so the day started and it started to go
down so you saw the price crossing down
through the moving average but you
didn't get on a short position
because the previous day you see this
swoop up so you're seeing
bullish momentum so why would you get in
on a short position
so just be patient and wait and it
crossed through it again and you're like
cool that confirms the
theory that i had that we're having
bullish momentum
so we're above moving averages now
creating support
get in on your trade and you got your 20
pips no problem
if you want specific sniper entries for
your trades i have a strategy
that i've made a video on right here i
didn't invent this strategy i just know
a lot about day trading
so watch this video if you want perfect
entries
it doesn't happen every day but it
happens consistently and they are
very very tight stop-loss trades
with high profit ranges so to sum it all
up
you need to figure out what account size
you're starting with or what account
size you have now
how many lots you need to trade whether
they're micro lots or
standard lots use the calculator that i
showed you guys earlier
and figure out how much you need to make
in one trade over trading doing 30 40 50
positions a day
is completely reckless it's better for
you to get your 20 pips in one trade
and walk away for the day like you've
had a successful day
okay bye bye say the next day you lose
with the one to two risk to reward ratio
you could afford to lose
two days in a row and still be break
even if you win the third day that's the
power of proper risk management
so i have a plethora of videos on moving
average crossovers
how to trade different strategies every
single one of them work
if they are implemented at the correct
time frame
and not falling for the fake out which
i've also made a video on
so 20 pips out of the market doesn't
sound unreasonable for anybody
if you guys enjoyed this video and you
got some value out of it i'd appreciate
a big fat thumbs up on this video
and if you have not already consider
subscribing down below
thanks so much for watching and we'll
see you in the next video