[00:01] most valuable lessons I've learned after several years of day trading. So, pay attention. This will be very important so that you don't make the same mistakes I did and can accelerate your results in [00:14] can accelerate your results in day trading. So come with me, man. First lesson: operate only with objective strategies. Dude, when you look at the chart, there are basically two types of analysis. Subjective technical analysis [00:27] , which would be classical technical analysis and objective technical analysis. Classic technical analysis, my friend, depends on your personal interpretation of the chart, that is, your opinion about what the price is likely to do. Just look at [00:42] this example, man. Let's say a trader who operates subjectively it, determines that the price is in an upward trend. "Dude, I'm going to draw a Fibonacci retracement by clicking from this lowest point [00:56] and dragging it down to this highest point here, look." And then he thinks: "Wow, if the price reaches this level here, look, 38.2, and some candle closes positive, I'll buy on the breakout of its high." So he just waits, [01:09] its high." So he just waits, waits, waits. executed. But do you see the problem with this ? This trader entered this operation because it seemed to make sense. He looked at the chart, observed that it was [01:24] in an upward trend according to his interpretation, and then he decided to draw the Fibonacci retracement from that point to that other point. And he believed that at that level he could be executing a purchase operation. But [01:37] he doesn't have statistics to prove that this actually works, man. He simply believed, he simply had faith that it could work. And since that purchase decision, for example, was based on that [01:50] trader's personal interpretation, well, you can't just take that and go back to the chart and test it to see if it actually works, because it's not an objective entry signal, it's a subjective entry signal. So, it's not [02:03] replicable. There's no way you can come back to this graph and test it to see how many times it worked and how many times it didn't . Therefore, when you operate subjectively, you can't [02:15] have statistical data, you understand? And the vast majority of people who trade using charts do so that way, based on guesswork. Of course, there are traders who are very good, who manage to consistently make money on day 3 [02:29] , operating in this way, interpreting the chart. But for most people, man, that's not sustainable in the long run. And that doesn't hold up, man, for several reasons. One example is that your analysis will vary [02:42] day you'll arrive at the market feeling brave and trading, the next day you'll arrive fearful, and the next day you'll arrive nervous, tired, or even lazy. Ultimately, your analysis will depend on your [02:56] emotional state. In the short term it might work, but think about a period of 6 months or a period of 1 year. It's difficult for anyone to analyze the market in a cold and consistent manner every day, you understand? Now, on the [03:10] other hand, we have objective technical analysis , which is what I do. Objective technical analysis says the following: screw your opinion on what you think the price will do. In objective technical analysis , you don't make decisions based on [03:23] opinion, but on statistics. Just consider this hypothetical situation, man. Let's say your objective strategy gave a buy signal and the entry point is exactly at this moving average, a 17-period moving average . So your [03:37] objective strategy is telling you to place this buy order here at the moving average, hoping that the price will trigger this buy order. You place my buy order here." It does n't make much sense, because if I [03:50] look here, in this region, the price isn't managing to surpass it. It seems there is a strong resistance zone here . Perhaps it would be better if I didn't buy here. But, dude, in objective technical analysis, your opinion is [04:03] worthless. It doesn't matter what you think the price is, it doesn't matter what you think the price is. In this case, it doesn't matter if you think there's a resistance zone here. If your strategy has given a [04:16] buy signal and your entry point is at the moving average, in this case a 17- period moving average, you are obligated to place your buy order at the 17-period moving average. That's because, man, objective strategies are based on [04:31] statistics. If your strategy gave a buy signal at the moving average, it's because it knows that at that point, the strategy has demonstrated, say, 70% accuracy over the last 6 months. So, because of that, you have to buy here, [04:45] a resistance zone here, you know? So, man, in objective technical analysis , you buy or sell not because you think the market will go up or because you think the market will go [04:57] down. You buy or sell because the data shows you that it's a good entry point. So, in short, in subjective technical analysis, you interpret the chart, but you can't test and prove that interpretation. [05:11] But with objective technical analysis, you can test it, you can measure the strategy over the last six months or the last few years. In subjective technical analysis , when you get a stop loss, man, it's your fault. You [05:25] misinterpreted the price movement. And that guilt, man, little by little, will undermine your emotional well-being. In objective technical analysis , when you get a stop loss, man, it's just statistics. That day, the strategy fell into the [05:38] error statistics. It's not your fault, you followed the strategy, understand? And knowing that, man, that it's not your fault, that it's all statistics, that brings peace to ease. There are several other advantages to operating with [05:53] objective technical analysis, but if I were to summarize it in a single sentence, it would be: "I ca n't risk my hard-earned money based on faith. I need statistical data." Second lesson: don't trade with a risk-reward ratio that goes against [06:07] your trading profile. Man, a lot of people preach this famous short stop and long target thing, right? That positive risk-reward ratio , where your target, for example, is three times greater than the stop-loss. In theory, it seems perfect, right, man? You [06:19] risk losing very little and aim to win a lot, but in practice, man, the reality is that not everyone is born to operate like that. I myself, for example, can't do it. Dude, if you're using a good strategy targeting numbers [06:32] three times larger than your stop loss, your success rate will typically your success rate will typically be between 40% and 60% at best . Being very optimistic and with a very good strategy, you might be [06:44] a very good strategy, you might be able to achieve a 65% success rate. But of course, operating with this type of risk- reward ratio, with a target three times greater than the stop loss, the success rate doesn't matter as much, because when you lose, you [06:56] lose little, and when you win, you win three times more. So, on paper, it 's math that works. If this style suits you, great, man, this is your operational profile. Now, man, if you're like me and you [07:11] prefer to have a success rate of 65% or higher, forget about this risk-reward model, because to achieve targets much higher than the achieve targets much higher than the stop loss, you'll need to accept several [07:25] consecutive stop losses. And I can't stand it. I can't open a trade knowing that I only have a 40% chance of being right, for example, even if the target is three times larger. I'm not interested, man, in what the theory says. In practice, I [07:40] man, in what the theory says. In practice, I know that each consecutive stop loss hurts emotionally and undermines our confidence; this brings down any trader who doesn't have the operational profile to withstand this style of risk-reward ratio. Yes, man, in the [07:54] long run it makes sense to operate with risk- reward ratios with these higher targets, you understand? For example, a target three times larger than the stop loss. But the question is, could you emotionally handle operating like that every day? If you [08:08] don't mind taking multiple stop-loss orders until you win a large trade, then, I repeat, great, that's your trading style. Now, if taking multiple penalties bothers you and destroys you emotionally, there's no point in trying, man. This is not [08:23] your operational profile. The secret is finding the risk-reward ratio that you can sustain in the long term, even if that risk-reward ratio you're using goes against common sense. Wow, when I first appeared on YouTube in 2018 trading [08:37] with negative risk-reward, meaning my stop loss was twice the target, people wanted to beat me up. This is madness, this is not how it works. You . Yeah, right, man? And here I am, 7 years later, operating in the same [08:52] way. And why? Because that, man, is my operational profile. That's what I like to do in day trading. In short, there is no such thing as a right or wrong return on investment. There is a risk-reward ratio that you can emotionally sustain in the [09:07] long term. Third lesson: don't trade all day, or all month. Man, back when I was a day trader, there was one time I opened more than 60 trades in a single day. It was a real day of rage. At the end of the day, of course, I [09:22] felt awful. And that's when it clicked. If I didn't set goals and limits, my life in day trading would be short . Man, operating without limits is poison. Wow, you start the day with one or two trades, then a stop loss comes, [09:37] then another, and before you know it, you're in a cycle of trying to recoup your losses. As a result, you end up giving back everything you achieved in the previous days and are left with compromised emotional well-being. And experiencing that [09:52] firsthand, man, it made me understand that I needed to have a positive daily goal and also a daily loss limit . And of course, it has also happened to me several times that in the middle of the month, when I had a considerable profit, [10:06] I ended up giving back a good portion of that profit in the second half of the month . And when that happened, it wasn't just a loss of money, it was an absurd emotional blow , because it felt like nothing I had done before had been [10:20] worthwhile. And that also made me understand that I needed to have a positive monthly goal and a monthly loss limit. I realized this, man, after a lot of head-scratching and taking a lot of unnecessary losses, but that's what made me [10:34] establish my own rules to protect both my capital and my emotional well-being. So, I have a positive daily goal in my strategies. If I hit my daily target, I'll stop and only come back on the next trading day. I [10:48] hit my daily loss limit, I stop and only come back on the next trading day. If I reach my positive monthly target, I stop trading and only return the following month. Similarly, if I reach my monthly loss limit, I stop trading and [11:02] come back the following month. And these rules, man, gave me two things I never had before. Capital protection, because I stopped giving back the profits I had already earned, and emotional peace, because I know exactly when to [11:15] stop trading. And the most ironic thing, right, man, is that when you put those restrictions in place, you end up gaining more freedom. You stop being a slave to the chart all day and start experiencing day trading in a more [11:27] sustainable way. In short, the opportunities that the chart gives you, man, are endless, but your emotions and your capital are not infinite. Therefore, you can't, you don't need to operate all day, or even the entire month. [11:41] You just need to follow your goals and limits to be sustainable in the long term. Fourth lesson: always perform backtests and forward tests. The first step, my friend, is to do manual backtesting of your strategy for at least 6 months. I'll [11:57] give you a real example, man. This is one of my strategies that's on YouTube called PI V2. The daily positive goal of this strategy is two consecutive wins. The daily loss limit is one stop loss. The buy signal for this strategy [12:11] occurs when a candle closes blue above all the lines here, look, at the pivot had a candle that closed in blue, and we then bought at the green ETR Stop. Of course, if it's also above all the pivot point lines, then [12:26] we would buy at that point. The sell signal occurs when a candle closes red below all the pivot point lines. For example, here we had a candle that closed red, and the sell entry point would then be at the [12:38] red stop, provided, of course, that it is also below all the red pivot point lines. This coloring rule you're seeing, man, that's my coloring rule. Algorithm P trad Trader. I explained this [12:51] strategy in the video that's appearing in the card in the upper right corner of your screen right now. Then you watch this strategy, man, and come back details regarding this strategy, but that's basically how [13:05] my backtests? Listen, dude. So, I put the strategy on the chart, come back at the beginning of each month and I test the strategy, respecting, of course, the goals and limits. So, notice this candle here, [13:18] for example, it closed red below all the Pivot Point lines. This place my sell order at the red stop loss. In this strategy, we use a 300-point stop loss and a 125- point target. Notice that in this case [13:33] at this point and the price would exit the trade down here. We would then have the first profit of the day. I would put a green arrow here. Next, you realize that we had another red candle at that point. We would sell [13:46] sell order would be triggered at this point, and down here, look, the price would trigger the exit of the trade. That would be the second gain of the day, a positive target so I would move on to the next trading day, which in this case is September 2nd. Here on [14:00] September 2nd, man, we didn't have any signals executed within the permitted hours. The strategy didn't work that day. On September 3rd, man, we had this candle that closed red below all the lines here, look, at the pivot [14:14] point. We would then sell at the red stop-loss level. Again, our down here, look, the price would trigger the exit of the trade. This would be the first win here on September 3rd. And further ahead we had, look, another candle that [14:28] closed red below all the Pivot Point lines. As you can see, we would then sell it here, look, at the red Sopr again. A sell order was triggered right here. And down here, look, the price would pick up from the operation, it [14:40] would be the second gain of the day, a positive target hit in this trading session. Let's now move on to the trading session of September 4th. On September 4th we had a candle here, look, that closed blue above all the pivot point lines, as [14:53] you can see. We would then buy it at Stop Terra Verde. Our order would be price would pick up the exit from the trade. It would be the first gain of the day on September 4th. Notice that this very candle here, look, it has already closed the blue area [15:06] above all the pivot point lines. We would also buy from Stopetre Verde. The price would trigger my buy order here, and up here it would trigger the of the day, a positive target also met in this trading session. And on September 5th, [15:20] man, we don't operate on that strategy because it's payday, okay? So, you see, man, that at the moment this strategy scored 750 points in September, and the monthly positive target for this strategy is 1000 points, meaning it only [15:34] strategy is 1000 points, meaning it only needs 250 more points to reach its monthly positive target for September. So, this is how I do backtesting. I use green arrows for profits and [15:46] red arrows for stop-losses. So, in September 2025, she's doing very well, but that's not enough. You need to come back here a few more months, look, to do more backtesting, so you have more data, so you can prove [16:00] not. For example, it is now August. I'll be doing some August. I'll be doing some quick backtests here for the month of August. [16:21] right, man? Then you'll use green arrows for profits and red arrows for stop-loss orders, always respecting your daily targets and loss limits , understand? And you keep doing this until you've completed at least 6 months. And [16:35] if you do backtesting this way, based on this PV V2 strategy, you'll see that March closed in the positive, April as well, May as well, June as well, July as well, and August and September are also heading in [16:50] the same direction. But you would only know that by doing backtests. This backtesting process builds our confidence because we'll be seeing the strategy's history, but it's still not enough. We [17:03] also need to do forward testing. So, after validating the strategy on the static chart, comes this second stage, the Forward test. But what is this, man? In the Forward test, we put the strategy to work in the [17:17] live market. It can be done in a demo account, but preferably in a real account with little capital. By doing this, you 'll validate whether what worked on a static chart in the past also works in the present, taking into [17:32] account factors like order execution, slippage, latency, and spreads. In other words, you're testing whether the strategy is robust under real market conditions, you understand? So, man, [17:46] we can summarize it like this: backtesting provides initial confidence, showing that the strategy has worked in the past. Fort provides the final word of confidence, showing that the strategy also holds up in the present. A strategy without [18:01] holds up in the present. A strategy without backtesting and forward testing is pure faith. And as I've said before, I don't risk my hard-earned money based on faith. I only enter the market when the numbers and tests show me that I have [18:13] at least a statistical advantage. Fifth lesson: have a criterion for updates. Dude, one thing's for sure, right? The market changes over time. What worked very well yesterday may no longer work in a few months. [18:26] Objective strategies are not eternal, because the flow, the behavior of big players, and even volatility are constantly changing. And when I realized that, man, I created a criterion for updates. In the Pilsar 3.0 method. Furthermore, I have [18:41] my own metrics to update the strategies I use in my day-to-day work. So, dude, it's important that you also create your own update criteria. I'll give you a simple and practical example. [18:53] Let's say that this PIV2 strategy that I just showed you, which has been performing well, suddenly ends up closing the next 2 months below 400 points in the mini-index. Or I don't know, maybe the strategy ended up resulting in two [19:08] consecutive months of losses. An alarm bell immediately goes off in my head . I think: "Wow, something's wrong here. This strategy was delivering positive results every month, and now its production has dropped. [19:21] Its performance has suffered in this case." So, I pause the strategy and I begin an update process. Dude, to update a strategy that's seen a drop in performance, you can make some subtle changes at the beginning to see if the [19:35] strategy starts working correctly again. For example, in the case of the PIV V2 strategy, if it starts to perform poorly, I could simply come here, look, in indicators and add the flow diffuser indicator. [19:47] And then I would change the settings here to 305, long average, short average, I would put 144 in green. I would place it here in DF - 72 with an offset of 1 in red. And to finish in DF+ I would put 305 offset of 1 in [20:03] yellow. And then I would test the strategy in that way. For example, if I have a blue candle above all the pivot point lines and the flow diffuser is in the correct sequence, with the green, red, and yellow moving averages crossing [20:16] upwards, well, I'm going to believe these buy signals here. Now, if a candle closes blue above all the pivot point lines, but the flow diffuser that here, look, the flow diffuser is not showing an upward trend. In [20:30] reality, the flow fuser is demonstrating lateralization. Therefore, I would n't buy it here, and that alone would save me from that false signal. Look, man, just adding a simple indicator to a strategy can make it [20:43] perform well again. So, after I add this indicator to this hypothetical update, what would I do? I would go back to this chart and test the strategy again to see if it's performing well again. If through backtesting [20:56] I find that it has returned to performing well, I would then move on to the testing phases. I would test the strategy in a real account, with a few contracts, and then return to using my usual capital to operate my [21:09] strategies. So this is an example of how I could update perform poorly, but I could do timeframe, I could change the ETR stop setting, in short, there are [21:23] several possibilities for updating a strategy when it starts to perform poorly. And the big lesson here is: never get emotionally attached to a strategy, man. Strategy is not a child, it's just a tool. [21:36] Tools need to be adjusted, sharpened, and in some cases even replaced. So, man, having an upgrade strategy means surviving in the market in the long term, because you won't be held hostage by a [21:48] setup that no longer delivers results; you'll be evolving along with the market. So, to wrap things up, man, here's the thing: these five lessons are my survival guide for day trading. Objectivity over opinion, risk- [22:02] return aligned with your operational profile, well-defined goals and limits operational profile, well-defined goals and limits , backtesting more for testing. and clear update criteria. That's what keeps you lucid, [22:16] consistent, and in control, even when the market changes its mood. Now do this , man. Choose a strategy and write down its objective rules in a notebook. Finally, define a goal, a limit, a daily limit, and a monthly limit. Run [22:30] backtests for the last six months. Start by doing the forward test with little capital and create an update criterion. When should you pause a strategy and when should you revise a strategy, okay? If this video turned a key in [22:43] your mind, please leave a like, subscribe to this channel, and activate the notification bell, because I won't rest until you become a successful trader or achieve your goal. I'll be staying here, man, and see you in the next video. Hey, [22:55] on September 21st, at 7 PM, the Pilsar 3.0 method challenge begins. Three days to unlock the Pilsar 500 setup. There will be three 100% free classes with [23:08] a single objective. At the end of the challenge, you will receive the complete Pilsar 500 setup day trading game. In the first lesson, we'll focus entirely on the chart, using target price action, parabolic SAR, and moving averages cubed, so that [23:24] you can see trends and reversals clearly and objectively, without guesswork, OK? In the second lesson, we'll build a portfolio of strategies and robots together so you can attack the market from multiple fronts [23:39] simultaneously, thus increasing your chances of success in day trading and , of course, protecting your capital. In the third and final lesson, we will conclude the objective of the challenge. You will unlock the PIAR 500 setup. You will [23:53] receive all the settings, step-by- step instructions, and statistics for this setup. 100% free, no strings attached, you'll receive this setup which is part of my Pilsar method. And there's more! Anyone who participates in all three live classes will [24:08] have the chance to receive a super, everlasting bonus, man. Something I've never offered before that can completely transform your journey as a trader. To secure your spot, it's very simple: tap the link below and [24:22] register now. Only those who are registered for the challenge will be notified when classes begin. So come with me, buddy, and take part in the Pilsar Method 3.0 challenge. Three days to unlock the Pilsar 500 setup.