👉 Prop Firm Deals https://linktr.ee/covetrader
Transcript
Auto-generated from the video audio — expect imperfect punctuation.
What’s going on guys? So, I’m going to give you my top strategies that I use to get prop firm payouts. Um before I do, I stream live every single day 9:00 to 12:00 and then again 2:00 p.m. to 4:30. Uh what you see on the screen is what we did on the stream on Friday. Um so, if you want to see these trades live, be sure to subscribe. Um I’m going to ask you a question real fast before jumping into this.
How many accounts have you lost when you followed your strategy, did it size up, did it revenge trade, and only followed your rules? Right? You’re thinking probably none. Probably very few, right? So, one of my things I always talk about is not sizing up. Your strategy isn’t always the trades that you’re taking on the screen. Your strategy is what you do everything. Everything that you do is your strategy. It’s not just where you get in, where you get out. There’s so
Much more to it. All right? Sticking to the right size on each accounts. Not you know, taking a loss and then being like, “Oh my god, I need to get back in cuz I need to make this money back.” Um you know, I’m going to get into the actual trading strategy in 2 seconds, but I just want to go over a couple things real fast so you learn what will actually help you become profitable. Um you know, not going from three
Micros to three minis. You know, realize that you know, if you take one loss, it doesn’t kill your account. Like you know, you have to be sized right, willing to step away. Hey, I took a loss. My my strat my setup hasn’t happened the rest of the day and just kind of walk away. You know, I I think too many people are forcing trades um and not letting it come to them. Now, when it comes to the actual charts, people ask
Me all the time, “What am I looking for?” This is a great setup uh on Friday. Basically, we took out all the lows overnight. And I was I almost jumped in right here, but we didn’t close above. And then we created our first 5-minute inversion right here. Right? And I basically took this up. I played this in multiple accounts. Different you know, I hit consistency in a couple. And basically, my final TP was right here at the top, which was actually
The top of the orb where we opened up. And basically, it just played out. Right? You got the retest, which is perfect. We bounced off the retest. And then basically, my final TP was all the way up here. And boom. Once we hit our final TP, we actually got the sweep of the orb back in, creates a great short. And then you can see it just come back down. Trading doesn’t have to be complicated. Big thing also, you need to know
Your numbers. Are you back testing? I know my numbers. Look, this is a trade I take every day. I know my numbers. If I take this trade every day this year, I’m up 14,812 bucks. I know my numbers. This is just one of the trades I take every day. I’m constantly back testing. You know, you got to be back testing all the time. Know your numbers. How are you trading because some guy on the internet tells you about it? You know,
Like, “Oh, Jimmy that made a video told me that this is profitable. It’s probably not. I went through a bunch of quote-unquote strategies that people were posting. I I threw it on Claude. Created the strategy and ran it and they were unprofitable. Yesterday I posted a video on how to create strategies and actually test them. How to use Claude and hook it up to NinjaTrader. That’s one way to test strategies, forward test them. I showed them how to forward test them
In the live markets so you can see what actually happens. If you don’t know your numbers on all different strategies, you’re never going to be profitable. There’s so many different ways to win. There is, you know, fair value gap fair value gap continuations, retests, you know, or breakouts, you name it. There’s all different types. Fibs, IFBGs. I I I have all these strategies I’ve created and back tested. Y&M, continuation candles. Uh um Yeah, and if you don’t if you don’t want
To go that route, just go manually. Just scroll back and manual up see short, boom. Uh and just do it, you know, take off everything and say, “Hey, I would get in here, out here.” Whatever your strategy is and just manually do it. That’s at the, you know, the lowest level of lowest, you know, easiest thing to do is just manually do it. Um But if you don’t know your numbers, you’re probably not going to be successful. You know, cuz you
Don’t even know what your risk should be, what your TP should be. Um You don’t you don’t really know what you’re doing. And that that’s not going to really help it out. So when I talk about strategies, I’m not talking about, “Hey, you should do this.” You know, yes, I take orb sweeps. I take open Yeah, as soon as the market opens I take momentum one way. I play IV, you know, I take I play a lot of different strategies, but
I know my numbers, right? That’s all that matters. You can play VWAP bounces. You can play 50 moving average bounces. You can play whatever you want as long as you know the numbers. That’s all that matters. You need to know your risk, you know, what what normally happens around that area, and that’s it. You don’t need any complicated strategies. You just need to backtest whatever you’re doing over a long enough period of time to get a real sample, and then you
Forward test it in the real market, and then you know. And that’s it. Don’t size up. Don’t, you know, revenge trade. Follow the strategy you backtested, forward tested, that you know your numbers, and that’s it. If you know you win 65% of the time, you’re going to lose what’s called 70 or 60%. You’re going to lose four times out of 10. That means you you might lose seven times in a row. Stick to the strategy if you know the numbers. You
Know, if you have a strategy that wins 60% of the time, and you get one and a half to one reward to risk, then you’re going to crush it. Um you know, I think that’s where everyone falls. Everyone’s looking for the next great strategy, the next, you know, shiny ball syndrome. Um it’s not. It’s just knowing your numbers on any strategy that you got, and that’s it. Backtest, forward test. This is everything that I look at during the day. I’m looking
At higher time frame candles to see kind of get a bias on what we’re doing in the higher time frames, bring it down to a lower time frame. Um people ask what this is what this indicator is, and this is what I’m looking This is just what I’m looking at all day. That’s it. My different levels, right? Boom. Any questions, come on my live stream and ask. I’m willing to help anybody out. I have nothing to sell you guys.
Leave a Reply