If I Had To Start Over This Is How Would I Start – Day Trading – Prop Firms And Options

If I Had To Start Over This Is How Would I Start – Day Trading – Prop Firms And Options

Transcript

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What’s going on Traders so the one question that I get asked a lot is if I can start over how would I do it so before I get into this I just want to say I stream every day 1:30 2 o’clock we go on we go on to the end of the day you can ask any questions live I answer you I show you my setup and uh give you any thoughts about anything so come on and uh learn some stuff

Stuff so all right if I was going to start this all over again what would I do the first thing I would do the only thing I would pay for is trading view this right here is trading view um it doesn’t have all these indicators on it you basically add whatever you want and this is the only tool that I would pay for right off the bat and I would just get a feel for what works for me uh you go

To trading View and they have all these scripts you can you know just look around you could do um you know there’s all types of things now before I get into this you got to get the right mindset this isn’t a getrich quick scheme this isn’t uh you’re going to make a ton of money tomorrow thing you got to treat this like a job this is your new job so if you’re working on this for an hour a day well if

You work on your job for an hour a day how much money would you make and that’s how I would equate trading with making money and everything else um so if you’re not looking at it on Saturday like it’s your own personal business because that’s really what this is this is your business you’re not working for anybody anymore this is your business so you got to put time in on the weekends especially if if you’re not profitable if you’re not profitable

Or you’re new you should be looking on the weekends doing some research looking at indicators um so I would start with trading view I would basically go through uh you know all types of scripts they have uh Community scripts uh all types everything you can think of and I would just Lux algo has a lot of good good things out there but do not pay for anything there’s ton of free stuff out there that you can try out um and what

I like about here is they give you a little view of what it’s going to look like because if it’s not visually there for me I’m not even going to try it um so you can do your own research here or one better what you can do is you could just go to YouTube Type in day trading indicators and here you go there’s all these people that are posting indicators and basically you watch them you basically just watch there is no

Don’t pay for any of them if they’re free if they’re paid indicators um basically you just type it in up here and you probably get you know a free version you know like I use a lot of pivot Points so you could see what you like in here here and look how many different Pivot Point scripts there are but you know you just scroll and you kind of see what you like what you don’t like a lot of these guys have

A lot of different indicators and it’s going to take time so what I would do is I would get some snacks and you can watch these videos at uh faster speed maybe 2x so you’re not sitting there so like a 10-minute video only kind of takes you five minutes to watch and I would just kind of go through all these and see you know what they are and then I’d put them onto my trading view which is here and that’s it

These are ones that I’ve used in the past these are all ones I’ve I’ve tried um you know I liked back tested forward tested um you know you know but you got to put time into it if you think you’re just going to come on here and make money it’s not going to happen so I would start off with a lot of lot of indicators and then what I would do is I’d watch people’s trading videos I would find people that

Are trading live but if they’re trading live and you ask them a question and they don’t answer you leave immediately that’s not for you you want people that are trading live that will answer your questions show you setups their setups everything that you want to know to become better those are the streams that you want to be on and then there’s a lot of discords as well discord’s another spot you can go on some of these discords have a ton of

Resources on there and it’s all free do not pay for anything and then the big thing is well you need to pay for a prop firm I would get the cheapest prop firm some of them have a free account that you can get um I would start with the cheapest prop firm that there is and I would be trading one micro all you’re looking for is a proof of concept you’re not looking for to make money you’re looking to test out

Different strategies and figure out what works for you and this is what I would this is how I would start I would start with indicators and that’s it that’s it find indicators that you like this one guy had a really good one um let’s see it’s called uh it’s called zero lag magd this guy had so many um indicators it was crazy and he had a really good uh YouTube channel I don’t exactly know what the channel was but uh if

I find it right here I’ll tell you this is not it but it was somebody that had a lot of had a lot of subscribers and um they were using all these crazy scripts and I found that’s how I found the zero lag one so I would uh I would I would just test I would just click on all these guys and just test and if they ask you to pay for any indicators you just leave you know that’s it you

Just leave you’ll find better scripts all the scripts that are paid have a free version somebody else made a free version for them I want to see you become profitable spending the little money as possible and that’s how I would start again I would start with a good setup finding indicators that I like and then I would go from there using a prop firm with a small amount of money or even better you could paper trade you you got to find

Uh you know you’re GNA have to find an account or something like that that has real-time data though which is hard so that’s why I said you can just grab a prop firm maybe like 20 bucks for the month and you literally trade one micro and the reason I say one micro is you’re going to say oh well I’m not making any money the idea isn’t to make money it’s a proof of concept that your strategy works and then once you’re

Consistently making money even if it’s $5 a day with one micro then you do the same thing with more more size um but yeah I would start off right here um I would only trade the NQ that’s where I would start um and YouTube you’re not looking so much as to follow streamers right away you want to find a way you want to find indicators that you like by watching these indicator videos and then you start watching streamers and then you

Might turn the streamers off once you’re once you’re profitable or you’re just going on to hang out but there’s a lot of different uh things on here um do not pay for anything I can’t say that enough I don’t want to see you the worst thing that happens is somebody comes to me and they’re like oh I spent $1,000 on a course you can just type in right here like day trading uh just watch this just day trading to not trade

Meme coins um you know it’s just you know you just do you just do searches you know here you go and you just learn that’s what YouTube is you know how much free knowledge is out on YouTube there’s so much free knowledge here that you can become a solid Trader just by the free information that’s given and like I said you got to be watching you gota be constantly learning um weekends you know I’m not saying spend 15 hours on the

Computer computer but you know you wake up in the morning on Saturday spend two hours watching some videos if you’re on 2 hours at 2x that’s 4 hours worth of videos and then obviously you know I would bring up trading View and uh because a lot of people use trading View and that would be a good uh a good way so that’s pretty much how I would start um you know do not follow Guru gurus that are making a ton of

Money that don’t show you how they’re making it you know I would uh I would start with all this free stuff and it seems like there’s a lot on here and jump around jump around to a lot of live streams and things like that I mean the idea is to learn you know it’s constantly consuming knowledge I come on and consume Knowledge from other people um you know I trade options shares prop firms and uh I’m constantly throwing stuff on this

List for whatever I find I put indicators on I started using uh you know I started using these indicators so it’s just uh I don’t know how that even got on here it’s weird um yeah so that’s what I would do there’s so many good scripts on trading view that’s where I would start build a foundation for um a chart that you like to look at and then you back test also I probably wouldn’t trade the one minute chart there’s a

Lot of fake outs I’d probably switch to the five the five is more smooth there’s less fake outs um that’s probably how I would go about it uh and yeah I would be trading one micro and then you know you set a stop loss and to take profit and you Journal Journal your trades you know you want to be able to look back and say hey the reason I took this is that and really you should only be taking like really

Like two to five trades a day in the beginning you should be waiting for the good setups and focus on wins not profit and loss but win percentage and that’s how I would start as a beginner scripts learning on YouTube all free stuff and then I go live with the cheapest PL fir don’t even care who it is just the cheapest PL Fir and I start testing my strategies and if you have any questions comment on this video and I will

Help you out all right take it easy guys