[00:00] Alright so I'm going short there, I'm using the low that inversion for everybody gets
[00:13] on the 5 minute chart. Let's see if I can squeeze something out of this. It's kind of what I've been waiting for all morning criteria wise.
[00:25] I want you to trade off above those buy stops and into those hourly levels. So it looks like it's going to check me out here. So there's my stop.
[00:37] I still have my eyes and I'll put some alerts here. Because I want to check back before you end up trading to that breaker. What's going on guys? It's Tremaine here, the most disciplined day trader on YouTube.
[00:54] I'm going short again here in Nasdaq as we saw in that first clip. That was some footage from our live stream earlier this morning in Discord. Taking a loss initially, but I'm still expecting lower prices.
[01:06] Nothing has really changed for me. But one thing you can notice, I took a loss on that first trade. I'm going back in with lower leverage. So I initially opened the position up with only two micros, which is very, very light.
[01:20] and I'm adding two more inside that suspension block which you see this training into now. I'm also inside that 12 o'clock macro between 1150 and 1210.
[01:32] And because I took that loss first I'm really trying to preserve my equity and once this trade starts giving me size that I really want to go then I'll focus on parlaying it up and building up a larger position. So I'm looking at this fairway I got.
[01:48] I want to see that be triggered as inversion and I'm going to look to short at its consequent encroachment so you see I have my finger on the trigger. I'm going to look to add four more and once the next candle prints, if we can trade up
[02:04] to midpoint of that fair value gap right there, boom, I'm shorting it, adding four more. Risk is still light and respectable. I have my eyes on that sell side at 29,040 but I'm looking for a partial beneath equilibrium.
[02:20] That obvious sell side is back on around 1115 AM. That a good draw really low hanging fruit I expecting some quick expansion to the downside Everybody has made money buying this thing up going long after 9 and we built in a premium and now it time to come back down
[02:46] Also if you take a look at the bottom of your screen this is real money, real funds, not a top firm. This is my hard earned money in a real live account, regulated US account with TradeStation as my broker.
[03:00] Also, if you stick around to the end of the video, I'll include a screenshot of a withdrawal paying myself from this week and last week. Because if you watched last week's video, I didn't take a withdrawal.
[03:13] I left that money in there, but now I'm withdrawing a handsome amount. A lot of people care about seeing proof and whatnot. Alright, so that down-slope candle I outlined with the two red lines, that is a mitigation
[03:29] block. more to my short there adding more to my short using that bearish order block that up close candle that's just to the left of my latest entry that's a bearish order block
[03:44] and here i'm just show loading a little bit showing what i'm expecting so now the trade looks good all the criteria i was looking for earlier this morning
[03:57] is in place and I think I have a beauty in my hand so I'm going to try to build this up while keeping the wrist under $600 or so. $600 to $700 is kind of my sweet spot.
[04:10] I try not to go above that. Alright and I'm going to get ready to add some more. We're back inside the bare shoulder block. There we go. Adding more.
[04:22] So I initially opened the position up with only 2 micros and now I'm short 12 and the feedback is looking good. I'll trail that stop loss down in just a moment.
[04:34] I'm looking for some displacement, some movement lower and then I'll worry about my stop loss later so I'll confirm. Version 3.0 out there. I found that short. I'll go ahead and take that as well. And then notice the risk. Less than $400.
[04:46] That's what I'm looking for. And you may have noticed the risk, less than $400. That's less than what I risked on my first trade, which was a loss, earlier in the morning around 1045.
[04:58] So you don't always have to keep the same fixed risk percentage. You definitely don have to double down after taking a loss I always preach and this is something I learned from ICT cut your risk in half after taking a losing trade It protects your equity It stops the bleeding
[05:15] If you go into a losing streak, it controls the drawdown. All that good stuff. All right, so this is our buy gap here. I'm expecting that to stay open. I'm not expecting that to be traded through.
[05:27] So right there, boom, I'm going to short two more. And you're going to see me label that as a breakaway gap. If it's bearish, we should leave that open. These markets are so rigged, you gotta love it.
[05:39] This would have been a really, really nice green day had I not taken that first loss, but I learned from it.
[05:52] It's a positive learning experience. I believe that was my last period of entry. Now you see I have some partials labeled out. At this point in time I'm just focused on getting paid now.
[06:05] I've built it up to 15 contracts which is about one mini contract and a half. It's looking good. You can see real data.
[06:19] Markets open. Live feed. No replay. And there we go. Perfect. So 10 out of my 15 contracts, the bulk filled off me at that sell side. And I'm confident we're going to run for at least $29,100. And I like that sell side, the morning session low at $29,040 were my final limit orders resting.
[06:43] but I'm aiming for about $2,000 this week. Yesterday, I took a loss, and I was down this week $500. So I'm keeping that in the back of my mind. I'm down $500 this week,
[06:56] and that means I need about $2,500 in a day of T&L today to beat my weekly objective. Now, obviously, I don't have to get that today, but it's NFP week,
[07:09] and I'm not trying to be in the markets on Thursday or Friday. I kind of want to finish up early, and it is my final trade for the week on my personal account so I'm really trying to meet my personal weekly objectives with this trade here so although I'm
[07:23] confident it's likely to expand towards 29,000 or at least 29,100 I want to make sure that I'm meeting my weekly objectives first that's what's important see we
[07:37] We have some fake trendline support there that diagonal support is likely going to get wrecked Discord members if you remember in the live stream we talked about that It too smooth They going to like to make that jagged
[07:51] They don't like to leave levels like that intact for long, especially for bearish. Alright, take our parcel underneath that low that was just formed. That's called running down equity. Whenever you form a low, you try your best to use it.
[08:04] That's a good place to peel from your position off. And everything looks good. I only have 3 contracts out of my 15 remaining.
[08:21] So now if you look at the bottom of the screen I'm up $2000. Again I'm aiming for $2500 and that extra $500 is to recoup yesterday's loss. So I'm keeping that in mind.
[08:34] Let me try to squeeze out an extra 500 here. Right there, beneath our load. Thank you. I'll take that. I'm going to peel off another partial. Beautiful.
[08:47] And I need about 300 more bucks or so before I meet my weekly objective. I'm going to go ahead and take another partial off there. and lower my stop, lowering it real tight.
[09:02] I'm just trying to get that last $150 I need to get my $2,500 P&L. You see I'm pointing to it at the bottom. And then, of course, jamming it this tight is going to take me up.
[09:16] And at the bottom right, you can see at $2,500, I'm done for the week, and I'll go ahead and show you a screenshot of the withdrawal, real money, withdrawing profits, profit this week and last week.
[09:28] So, hope you found this one insightful. Spun trades, I am done for the week. I'll see you all next week. Appreciate you for watching. Almost at 30,000 subscribers. Appreciate the channel. Love y'all, man, for showing support and rocking with the channel.
[09:41] So, I'll see you when I see y'all. Rest of the trades this week are going to be on paper and I'll be back on my live account starting next Monday. Love y'all, man. Peace.
[09:55] Thank you.