[00:01] in this video I'm going to spend the next 5 days and $500 seeing if you could common sense would tell you this won't work but I'm here to prove them wrong about getting rich quick but I took a look at one of these indicators and
[00:15] honestly it looks pretty promising but it seems too good to be true and all me think that maybe the people that are are just new to trading but maybe if I add some of my own risk management but
[00:28] could come out profitable but before we get to the challenge let's rewind a bit plan is just to use YouTube to find a to use a tool that's probably going to lose me money I do not want to pay for
[00:41] most popular Buy sell indicator which is one from Lux algo and they're trying to charge me $68 a month and YouTube AdSense has not been hitting this month version and I'm pretty sure I could find pretty much the same thing for free so
[00:54] let me load up YouTube real quick all right so buy sell indicator if you try you losing money so I'm not going to show you what video I watch but it looks I'm just going to click on one while Sigma Mills are more attractive than
[01:09] Alpha Ms stay tuned so I just finished watching the actually crazy so the first video I clicked on I actually found one that it literally tells me exactly when to sell and when to buy if I bought here
[01:23] trade I mean there is some that aren't great like I said to sell right here and buy but I feel like the winds are so much bigger that it will just cancel out this looks pretty good but I'm going to wait till Monday to trade with this so I
[01:36] set up just waiting for Monday so I'll see you guys then all right first let's just lay out some basic rules to make this make more sense if the indicator signals to buy then I'm going to buy an options contract for around $100 if
[01:49] are then explaining it extremely simply it's basically just a way to make your money worth more so we're going to lose and make money a lot quicker I'm going to be buying either a call or a put option based on what the indicator says
[02:01] going to buy a call option which means I'm betting on the stock going up and if going to buy a put option which means I'm betting on the stock going down and if you're familiar with options and want to know exactly what contracts I'm going
[02:13] slightly out of the money one day until expiration option for every trade but expiration option for every trade but let's get right into day
[02:25] trade the indicator signal to buy all morning since premarket and since I'm Market open I didn't take a trade until it signaled put or signal to sell at the close of the 725 candle so at 726 I bought a spy $486 put for $90 finally
[02:41] got the first candle that said sell we'll see how this goes I don't know just going to sell when it turns green we'll see after getting the really bad feel we just kept moving sideways and eventually at the highest point I was up
[02:53] $7.50 and I thought about selling just cuz we kept waking off this area but I signaled by but I had already been a while and I hadn't sold the trade so I trade before I even went to school and so at school I actually ended up
[03:06] signaling by so I sold for $4 loss and I played around by looking at some of the 30-minute time frame I actually signaled by so it gave me an idea that maybe we but for the rest of the day I'm not going to be using any of my own risk
[03:18] indicator could do well on its own so as you can see I did signal to buy and I sold with like 2 seconds left on the candle but in those 2 seconds I actually thought about hopping back into the position that I was in but I honestly
[03:30] at all but it ended up being a good thing cuz it just kept moving up and I saved myself a lot of money so I sold my position for a $1450 loss or about 16% in the red and I'm taking all these trades while I'm at
[03:43] my school breakfast cuz honestly it looked absolutely disgusting look at my burrito they gave me I'm not eating that but anyway it
[03:55] everything was going super well at first but we did start approaching pre Market that we reject off of so I was a little bit cautious and we ended up rejecting off of it so hard and because of this rejection I ended up saying to sell so I
[04:08] did I sold my contracts and bought puts and I sold that contract for a really didn't do much we just kind of went sideways I didn't really like the though it didn't tell me to sell and I did sell it for an
[04:22] $8.50 loss not only cuz I didn't like the trade but I was tired of watching but again I ended up working in my favor cuz cuz I would have got stopped out for chart again it told me to buy and after that I ended up just hopping out of the
[04:35] going back and forth back and forth and getting stopped out but I really should not have yo this is crazy so I'm I just got in my car it's lunchtime right now 12:32 Mar closes at 1:00 p.m. for me so in 30 minutes and I decided to stop
[04:49] indicator but the good thing was there were only like 5 10% losers stop the C but it was a mistake I opened up my charts when I was in class like 5 minutes go and this is what I saw it absolutely ripped you remember me
[05:03] me hop out of the market well that was the only trade that it signaled that I told me to buy to when it told me to sell I would have made $200 I don't even matter though because this at least gives me a proof of concept so now I
[05:17] could probably get another trade just like this like that stuff happens all making lunch right now and I'm toasting something so I got to go make sure it with me they're actually like Kind of Perfect
[05:35] hopefully I did a sick transition with that ended up taking seven for the first trade of the day I bought a spy put for $90 and then I sold it for $95 about 20 minutes later and that was after we came
[05:50] rejecting off of I sold and as you can see in the time lapse we ended up rejecting pretty hard off of that area next while I was my first period at school the indicator signaled to buy so I bought a call for $77 but we saw this
[06:02] pre-market high and then I ended up selling at high of day at $848 for $86 it was 13 minutes long and I only made $9 cuz it was a cheaper contract but off the day with two wins after what happened yesterday and after that we
[06:17] ended up getting a sell signal so after the candle close I ended up buying a put $101 we made a move up and then rejected hard these contracts were moving terribly and I was only up about $2.50
[06:29] candle down and I ended up selling for a $9 gain but this was a huge mistake and management to the challenge failed me telling when I thought I should sell has even though this trade was a winner I missed out on a ton of money the
[06:43] we made a pretty big move down and I would have been up $40 on my contract that I sold for a $9 gain at this point I was up $22 on the day and I thought green day but then I remembered what happened yesterday when I decided to
[06:58] stop trading and ended up buying cuz the indicator said to and I got stopped out really quickly so since it said to sell I bought puts and got stopped out almost didn't get stopped out almost instantly as you can see I was up like $88.50 and
[07:11] learned my lesson earlier in the day not to sell early and the very next candle I ended up getting stopped out but we were now in calls and things were starting to seeing a pretty nasty reaction off of this level that I had marked and can you
[07:24] guess what happened next yeah we got stopped out again so we take puts again and once again get stopped out this is a prime example of how bad this indicator losing trades in a row and just like that we give back all the money we made
[07:36] plus more I ended the day down $18.86 after being up over $20 but I tomorrow because we were profitable at the beginning of the day and honestly improved on today was selling early if I didn't sell that one big trade early
[07:50] on the day but it's also a tricky situation because selling early has made me miss out on a ton anyways I think I have a pretty good chance of see you guys then by the way in my last video a lot of people are confused on
[08:03] how I got around the PDT rule which is a rule that doesn't let you take more than three trades a week if your account has less than $25,000 in it and obviously Challenge and my account only has $3,000 in it but I'm actually able to take all
[08:16] offer something with the cash account that lets you get around the PDT Rule and also if you've seen my videos on Tik Tok I've been using Weeble to invest $5 year and I've been using Weeble for about a year and a half now honestly so
[08:28] far I have no complaint they don't even take a commission it's only like a 12C contract so I left a link to sign up for Weeble down in the description if you they'll give you some free stocks and also me so it helps out the channel so I
[08:41] don't want to take too much of your time so links in the description but let's [Music] video so it's the third day of the this indicator a lot better and when I should take the trades and when not to
[08:55] most of the day cuz we had fomc if you don't know what that is it's news and it makes it move very strongly cuz bought or sold of a stock so I waited until the last 2 hours of the market
[09:08] caught in the trade where the news made me lose a ton of money and it ended up back in the day we would have lost a lot of money it did the thing where it goes you just lose more and more money but in those last 2 hours I did actually end up
[09:21] taking a trade and it was on SDR gold trust and if I'm going to be 100% honest had a level marked and once it reach that level I was going to buy calls but indicator ended up signaling buy and I was already in calls so I kind of traded
[09:36] because of the indicator and this might be a controversial decision but I'm challenge because I'm going to need every bit of help that I could get so really close to my take profit and then
[09:48] $19 gain cuz we were only like one or two Pips away from hitting my take bit so I didn't make all the money I could have but still I made $19 on this trade and after I closed my position we actually would not have hit take profit
[10:02] would have hit my stop loss and that was the only trade that I took that day and sell but I didn't take it cuz I was already up on the day and that was in get to that last hour it gets a little bit more risky to trade why am I saying
[10:17] was too risky I don't know why I care about how risky it is I'm literally using a indicator that tells me when to buy and when to sell that is extremely day was $199 it was the first day that we ended green so I'll see you guys
[10:31] [Music] tomorrow so this morning I accidentally slept through my alarm and missed a pretty good trade but I still did get a buy so I did and everything was going pretty good but then we Wicked off of
[10:44] the 200 EMA pretty hard and right when all this was happening my teacher said presentation and during that we weren't allowed to have our phones out so I had to make a decision either hold the trade throughout the whole presentation which
[10:56] hour I had no clue how long it was or I chose to play it safe and sell for a couple dollars profit and can you guess what happened next we absolutely skyrocketed if I would have held until
[11:09] $100 on this trade I don't even know what to say I'm so bad at trading but chance to redeem ourselves with a second trade after I missed that initial big move up we started to move downwards we got a sell signal so I bought puts but
[11:23] then we just turned back around and I got stopped out for an $111 loss so with that we bought calls and I got stopped out again and for a $19 loss this time our total profit loss in the day was $20.36 I'm so
[11:36] [Music] bad today is our last day to make back huge trades we've seen we might actually be able to do it and it start off the the first 30 minutes of Market open and
[11:50] hours it just said to buy so it didn't end up taking a trade until about Midway finally and it feels like all the days are blending in now cuz I said the same let me ask you what do you think happened
[12:07] I actually kind of lost a lot of money on this trade compared to the other ones I lost $20 on this trade but since it signaled buy we were now in calls we were up about $11.50 at one point and right here we were up
[12:20] $77.50 and literally in the next candle we got stopped out and this was our biggest trade a $30.50 loss our total profit loss on the day was 5424 and in the challenge our total
[12:35] 5424 and in the challenge our total profit loss was negative yourself but if you want to see how much YouTube pays me then you can watch this video right here and thanks for watching I hope you have an amazing day I'll see
[12:47] I hope you have an amazing day I'll see you guys in the next video