@DaveTradesOpts The bootcamp was great. Besides the framework itself, the best part was the detailed explanation of its practical application and the many important details to keep in mind: for example, when the TBRs hold and when they do not. Thank you so much Dave. And now… Let’s GO Backtest
Retweet/Repost if you want me to create a video on How To Use The VIX to Time Reversals.
If there's enough demand, I'll create a video this weekend and release it next week.
This is the greatest explanation ever for why many traders are struggling in the current market conditions across all assets.
Share this video with all of the Traders that you know who are facing difficulty in trading ranges.
I’ve spent YEARS studying the pivots of all markets and I am finally ready to reveal how you can find it on your own FOR FREE.
Retweet/Repost if you would be interested in a FREE Private Webinar that will teach you how to know where and when any market you are trading will turn.
All of the liquidations that have occurred in the last 24 hours should be your sign to move to OPTIONS TRADING.
Your SL is the contract and you can only lose the premium you paid for the contract, not the equity in your account.
You can buy time to account for fluctuations.
I don’t promote Prop Firms because I did not become Profitable with prop firms.
That’s not the vehicle that change my life and helped me to provide for my family.
LIVE Trading w/ Leverage is where I found Profitability and that continues to feed my family.
I don’t promote Journaling because journaling did not make me Profitable, showing up EVERYDAY regardless of how I felt did.
I don’t promote reading Books on Trading because trading books did not make me Profitable, reading price for thousands of hours and looking for the nuances in my system did.
I promote Backtesting because backtesting made me Profitable. It showed me that history repeats itself and the same data that we observe in the past, can be used in the future.
I promote Demo Trading when learning because demo trading allowed me to test how did the things that I learned in backtesting would hold up in a live market… without having to lose real money (again).
I’m sorry to the New (and Old) Traders that get upset when I don’t promote the same things that much of the industry promotes but there’s a reason why I became Profitable Quickly, trade everyday in any market condition, and many of them do not.
I don’t care what your favorite popular trader online says about what you should do in your journey and whether they disagree with my approach.
When I was desperate and needed help to save my family, none of them had the answer.
I turned to the market for my questions and that’s where I got all the information that I needed to consistently perform the way that I do today.
I share that information FOR FREE with the public and many lives have already been changed by it, so excuse me if you don’t agree with what I share while you still struggle to make life-changing money.
Your opinion doesn’t feed my family, my opinions do.
My advice to New and Struggling Traders:
Learn a SYSTEM (not model) that the market follows everyday (Market Structure, S/R, etc).
Find an element within that system that gives you multiple opportunities per day.
Backtest the nuances around that element for a few weeks to months, so you learn how to navigate it in live conditions before it shows up, manage it when you’ve caught it, and how to engage after you’ve missed it.
Test that element/model on a demo account in live conditions, and trade with the same account equity and position sizes that you would use on a live account.
There is no difference between a demo account and a live account if you use the same criteria on both.
When you start trading on a live account, maintain a small size starting out and use an acceptable risk that would not cause your emotions to influence the way manage your entries.
Size up only based on the equity increase in your account, not the confidence in the trade that you’re taking (i.e. 1 micro/lot contract increase per every $1,000 gain on the account). This would avoid you blowing the account in one day/week.
The rest of your personal and equity growth depends on repeating that everyday over time.
Challenge yourself to trade the same model/setups for 21 days straight regardless of results and without deviating or thinking about loss.
You succeed a lot faster than the standard that most of this industry promotes.
You will never be able to achieve any of the above if you don’t know how to read a chart so start with educators who bridge knowledge-to-execution like StoicTA, Olivier Blanc (not his mentor), Lumi Trades (not her mentor) or my FREE course on YouTube.
Trade their systems with acceptable risk, and in three months you won’t be able to recognize who you were or the life you used to live.
I don’t care if you’re trading for money or just trading to learn, let your discipline match your desperation/desires.
-Dave
I struggle when it comes to teaching people Trading Psychology/Mindset.
I used to think it wasn’t real until Stoic gave me some pushback and taught me the necessity of it.
If you need help with a tilt-proof Trading Mindset, you should follow the one who taught me —> @StoicTA
Here's The Official SCE Model Indicator by @WangTactics
This includes 3 custom Multi-Timeframe options AND 30/50/70 on ALL candles.
There's also a filter included to produce QUALITY #DTFX Zones!
Retweet if you want me to drop a video with my personal settings and entries.
@xbdracing @AsparEsportTeam @Emiral_Software@Garajejj Enhorabuena! Gracias por esas luchas en pista, me acuerdo bien de la carrera en Monza luchando con José. Felices Fiestas y os deseo mucha suerte para 2023. Nos vemos en pista chicos 👍