Day trading Didn't Work, Until I Found This Strategy...
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- เผยแพร่เมื่อ 18 ก.ย. 2024
- 📙Free 14 page guide of my favorite trading patterns ➡️bit.ly/RCtradi...
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DISCLAIMER I am not a financial advisor and anything that I say on this TH-cam channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and my personal experience. You should always understand that with investing there is always risk. You should always do your own research before making any investment.
#DayTrading #scalping #scalpingstrategy
📙Free 14 page guide of my favorite trading patterns ➡bit.ly/RCtradingguide
Any mentorship lessons?
Thank you for your contribution to show so many of us that want extra income or financial independence. Your teachings of how to watch for false breakouts and candle formation is incredible. Thanks Riley.
Thank you for the consistently great content. I have developed a strategy and plan based on your S&R breakout method coupled with similar trend-continuation trading I learned from another channel. Combined, the performance is almost too good to be true. Thoroughout 3 months of manual backtesting in tradingview (I don't trust automated BT software), I have consistently maintained between 92% and 95% win-rate. To clarify, much of those wins actually close automatically at breakeven+ because I use a much more aggressive stoploss method than you use. Basically, in 10 trades I'll expect maybe 1 loss, 3 to 4 wins all the way to target or higher, and generally about 5 to 6 breakeven+ exits (which I logically count as wins, even if relatively small). To be fair, this is most likely not indicative of what my exact performance will be when using actual money where emotions are involved. But, if my performance is even 10% of what my consistent paper trading reflects, then it's virtually a license to print money. So, again thank you and keep up the great work. I will update after I go live with real money after about 100 trades for comparison.
@@skranz7790 Hi, I am also trying to add some extra edge to the strategy to increase the winrate (focussing on different markets and certain timeframes). However, besides manual backtesting for months, I am always trying to code my strategies in the most accurate way for backtesting to be really sure that the strategy parameters are working and I am not manipulating myself while backtesting. Also keep in mind the actual data that your broker uses + slippage etc. Anyhow, if you want to team up for more backtesting and exchanging let me know.
Biggest lesson i learnt in 2022 in the trading market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
I stopped trying to predict market outcomes based on chart studying after 5 years of uncertainty. Not having a mentor caused me 5 years of pain. I learned to follow the market's direction and keep it simple with discipline.
my partner’s been considering going the same route, could you share more info please on the advisor that guides you.
My consultant is Vivian Carol Gioia I found her on an interview where he was featured and reached out to her afterwards. she has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven't regretted doing so.
@@lowcostfresh2266 Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Well explained video. Trading involves perseverance and dedication when i started my cardinal fear was that i dont want to lose all my money but i became a very profitable and successful trader when i vanguished all my fears. My returns and earnings on trade now are very good. Lets keep moving its all about perseverance and focus
You are right dear
Congratulations dear most times I feel trading is a luck game
Trading becomes enjoyable when profits are made and not loses. Glad you finally got it right keep it up
Awesome!!
@@jamesdonald6957 most times it seems to be a luck game but is not a luck game as it seems. Trading takes time and dedication to be mastered you will have to learn and monitor continuosly and most especially watch good trading videos and connect with the right person the digital world is full of unreal and deceitful people be careful out there.
Riley needs to be protected at all cost, his explanations are pretty straightforward and comprehensive thanks for the effort you put in educating us. I appreciate that effort of yours
I Was an unexperienced trader and i lost over $30K when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I find one source to recover my money, at least $5k profits weekly. Thanks so much Mrs Carla Koren
I’m surprised you know her too. I’ve been making alot of profits investing with her for a few months now.
I invest with Mrs Koren too, she charges a 20% commission on profit made after every trading session which is fair compared to the effort she put in to make huge profits
she often interacts on Telegrams, using the user below.
Korenfx ; nothing else added
Recession is often the result of external factors, and it appears that the United States is losing its grip as a federal reserve currency. With a decreasing ability to control inflation and a reduction in stock and oil trading, it seems that a new multilateral world order is on the horizon.
Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy. The ETF/Equity market keeps swinging.
@@mcginnnavraj4201 You will need a strong FA to help you through the current market turmoil. I've been talking to an advisor for a while now, mostly because I lack the knowledge and energy to deal with these ongoing market conditions. I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.
@finestbearhug2951 The name of my financial advisor is SALVATORE FORTUNATO SOFIA. She was featured in a Kiyosaki Radio interview, where I discovered her and contacted her later. Since then, she has given me entry and exit points for the Equities/ETFs I'm interested in. If you want to make a fast online search using her name, feel free. I essentially follow her market decisions and haven't felt bad about it.
She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
"Let things play out" what a piece of gold of advice. Thank you Riley!!!
I've bought most of your stocks picks but I'm still unable to make profit. However, a few investors I read about were able to make profits of upto $50,000 monthly, so am I doing something erroneous? please i need some hints on how to make enormous profit
Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.
Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.
@@Marthas-r4c how do i meet this lady?
There are a lot of independent advisors you might look into. But i work with Nicole Desiree Simon , and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
@@Marthas-r4c Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals
I have been trading for about 6 months now and just about every trade backfires and slaps me in my face. Nearly impossible for me to catch more than a few points I try to do top down analysis but it doesn't work for me . I say to myself, clearly I'm in the 90% that lose money, so I open a demo account, do my analysis, then take the opposite of what I would normally take and get the same result. I'm starting to feel hopeless, any advice for a struggling trader?
Your problem could be your stop loss is too close or you're watching your trades too much. Place it and walk away. Or you could just give up, trading isn't for everyone.
@@williamsdanvers Don't listen to him, don't give up. Trading takes time(months, even years) to master, even the pros learn everday. Never the less, if you lose money no matter which side you take, maybe you need to look at how you are managing active trades rather than how you are entering them. My advice, find a mentor . And also, try incorporating the use of oscillators, Bollinger and pivot points into your strategy. And most importantly move to higher TFs(4h or 1D preferably), you'll thank me later.
@@kourtneywyldeofficial You're correct, I don't lose money every single trade, but my main problem is trying to let my runners run. Very rarely do I catch big moves . Instead they go a few pips in my direction, then go against me if when I try holding them. Also my entries could use a lot of improvement. A mentor would be amazing, but getting one is easier said than done. If it's not too much to ask, do you know any legit ones?
@@davidbastiaan1 The Professional account managerI'm in touch with is Sarah Pam Alderson which i don't like sharing lol. You can use something else, for me her strategy works hence my result. she provides entry and exit point for the securities I focus on.I got to know her and we exchanged emails and also made multiple of my start up capital within couple of months. She is licensed and quite experienced, out there to help new traders
MEJT, very small channel but excellent analysis.
Je fais d'énormes profits sur mon investissement depuis que j'ai commencé à trader avec Mme Kate Charles, ses stratégies de trading sont de premier ordre
wow .. incroyable de voir d'autres qui échangent avec Mme Kate Charles, j'en suis actuellement à mon 5ème échange avec elle et mon portefeuille a énormément augmenté.
J'investis aussi avec Kate, elle facture une commission de 20% sur les bénéfices réalisés après chaque séance de trading, ce qui est juste par rapport aux efforts qu'elle a déployés pour réaliser d'énormes bénéfices
Ce n'est pas la première fois que j'entends parler de Mme Kate Charles et de ses exploits dans le monde du trading mais je ne sais pas comment la joindre
Sur Tele gam
@ investwithkate
Hello Mrs Clarissa the bitcoin trader is legit and her method works like magic I keep on earning every single week with strateg...
Wow I' m just shock someone mentioned expert Mrs Clarissa I thought I'm the only one trading with her
She helped me recover what I lost trying to trade my self..
@@elizabethlaura6811 I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Clarissa I think that she is the best broker I ever seen
When you invest with genius like Mrs Clarissa you don't have any other choice then to keep winning she trading strategies are very productive and reliable. I made quite a huge profit today all thanks to Mrs Clarissa
Can I invest from Australia?
@Jenni Fer I'm from Australia and I have been Investing and earning massively with the help of Mrs Clarissa, all thanks to her
what a great strategy! thanks bro. just came back to add that I tested it on tradingview with xrp while I rewatch the video. I put in 100 bucks and got 220 bucks. in like 15 minutes. let me just count the candles. 19 minutes. huge thanks!
This is similar to my method except I don't use support and resistance areas, do have a specific candle entry formula, and I pyramid rather than scale out, plus the pullback must meet specific criteria. I use a custom 1k line NinjaTrader scanner to find these opportunities intraday in a set of 330 stocks. This took me from 12+ years of breakeven trading to making my first million in 16 months (starting $26k). I've created and studied hundreds of methods so I can judge pretty well if something is a legit strategy. This guy's method is similar enough to mine that I can say it's legit and worth trying.
Good luck everyone, you found one of the useful trading videos on TH-cam.
Your videos are amazing bro. Learned more from you than the months Ive spent watching other people.
Definitely one of the top 10 best strategy vids that I've seen...and I've seen a few! Great job Riley! Thank you. My favorite part is to step away from the computer and let your trade work. Don't touch your SL. Excellent!!!!
This is what i have been missing back then lol. How to use trendlines to notice when the price might reverse, or where to move your stop loss if in profit.
In trade? Plot trendline. When price breaks trendline? Exit trade at last swing high/low.
Cool. I always got liquidated because I'm in profit, but I didn't know where exactly to exit if price reverses or how will I know if price is impending massive reversal. Now I know. Just plot the trendline and exit if price makes a breakout.
Great content!! I must say you are an inspiration because I started up investing and trading as a scared lnvestor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it
Big props to you on your wins please how did you become successful, lately I find everything difficult how did you overcome fear of loosing, facing same here.
@@RandolfSpieker I felt same way when I started especially when you use DEM0 account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now..
@@ameliaemerson2250 I have found stock trading difficult, I will appreciate any help.
@Jermaine Kaal Currently i can attest to the fact that I make $18,300 weekly through trading which is more better then my monthly salary job, trading becomes my passive income.
@@ameliaemerson2250 Big congratulations to you the amount is good. Honestly I want to get to thet level..
Thx Riley…your “simple is better” strategy has made trading a lot easier for me
Wow. I SERIOUSLY needed to see this. Been paper trading for a little less than a year, now, and, especially recently, I have been having major issues trying to catch reversals on NQ, and “call the top”, or “call the bottom”. Ultimately, I’m just getting chopped up, and stopped out, over and over. Every time I get a winning trade, I quickly give it back by overtrading. These steps you laid out were perfect. Had I been using these, I’d have had much better results. I already draw the supply/demand zones, but it’s the methodology you use to confirm your entries….that is exactly what I need to correct. Appreciate the video, very very much!! 👏🏻👏🏻👏🏻👏🏻
I havent started paper trading yet but i have a new laptop and just got Think or swim .. it seems pretty complicated for me right now.
May i ask what program u paper trade on? Thanks in advance
@@koollee I just switched to NinjaTrader, which I highly recommend. It's much simpler than TD Ameritrade/thinkorswim.
I really like what you teach man. Long as you keep it honest and open source you will get the utmost respect.
Do for others as you wish to be done unto you
Thank you Riley ---Gold !!!!
A good strategy or plan is really important on how we can achieve success in trading. As someone who just started learning about trading, this helps me a lot to understand a deeper understanding on how it actually works. Thanks for this knowledgeable video. May I ask if you know someone who can actually thought me everything I needed to know about this industry in just one sitting?
I know this team called SmartTrader by Robert Lindner and they happily accommodate me on introducing the world trading to me. Although, you can't actually learned everything in just one day, but I assure you that as days passed by, you can slowly keep up the pace and eventually find yourself confidentially trading with no hesitations.
plan first until you are quite familiar with it
@@hkproject7219 oh my gosh! I am also been a living witness on how accommodating SmartTrader was. Up until now, I still utilized everything I gained from talking with them online. Been trading for almost six months now and I am just happy that someone out there has also been assisted by this powerful team!
It may take awhile but it will be worth it!
Your editing and production skills are insane!
i like the active trailing idea.
I've gone through 2 paid courses and didn't learn as easy as I just learnt from this video.... THANK YOU Riley
you working so easily and without nerves! just the best one
0:03 It's nice to see that your profit curve is choppy but you're successful anyway
Great video my man. You've given me back my confidence in trading. I've always had the right mindset for it, but I was exploring too much and not adhering to specific rulesets for specific trades.
I'm a scalper 100%, so that's what I'm gonna stick to now and I'm gonna do it right this time. (WITH stops and active management)
This is exactly what I want to learn, I love this strategy. God bless you Riley, thanks for helping a lot of people who are new in trading.
Exactly. Much more geloful than Videos that talk bla bla every day. Handys on help. Thanks alot.
Exactly what I was looking for!!
You teach well…just subscribed 🔥
You posted this 4 days ago and I've been using it for 3 of those days. I can say for certain so far... This information works and is absolutely legit. I've made $3000 this week which is more than I've made in my entire almost year of trading. Thank you man💯
Hi! I just want to know how are doing in your trading. Thanks ❤
Just saw your post today. How are you getting on 2 months later. I'm keen to start trading and this seems to be a good strategy. Would appreciate if you could be honest, have you consistently had positive results. Are you overall still up?
Fantastic ! Fantastic !!
Can't be more clear than this!!! This is a pure strategy master class...any outside live-in person seminar could cost you $2k+ then you get back home and still done get it....
Riley it's very generous showing all this info also a great trading educator.... There is not excuses to not making money in the markets....all the info is out there with great quality and free to everyone
Thanks so much Riley for your dedication on this video.
Smart Man I was thinking 4to 1 but 3to 1 is safer and more realistic.
I Loved this video can you make a video on how to use ninja trader simply and any shortcuts as to how to place a trade. I want to know how you are getting that take profit and stop loss levels when you are placing a trade, i'm placing them everytime manually
do a video of all confirmation candles please 🙏
Awsome video .. Thank you so much . your videos are so easy to understand and helping me get to my goals.
Excellent tutorial my man. Thank u.
I use the 1 hour time frame for support & resistance & then I watch the 5 minute chart. I wish I knew the absolute best time frames, especially for drawing the levels. I always think I might be doing it wrong. It seems to be working as I watch it, so I guess I'll find out if I can trade them. I trade on Nadex, so my total risk is paid up front. I think it's safer.
Excellent video, some sound advice here.
Would you be nice enough to explain how it’s possible to sell stocks you don’t have when the market is going down . Btw I love the way you explain everything in your videos it made me start to study trades to better my income .
Is this futures?
you are hero, bro! i don't know what i have to say.. yeah, your strategy is not perfect.. but it's best strategy that i ever learned.. thank you very much, king!! here, you dropped your crown 👑
Start drawing your charts off of 1 hr time frames and you will be much more accurate. Does take a little longer to set up. Start drawing off a Daily and you will be even more accurate but even longer set up... All these concepts of finding A & R work on all time frames just the bigger the time frame the more reliable and more patient you will have to be than a shorter time frame.
Don't recommend trading anything less than a 30 min time frame until you Mastered the bigger time frames first.
Will you make a video about wicks / shadow considered as support or resistance on a daily time frame ?
Great video🎉
Very well done video, easily explained and easy to understand
Time of day is also important. I trade US30 and it’s pretty consistent and clear except during certain times of the day most of the time
What times do you trade?
Hi, great content. Do you use the regular or the electronic time for trading to find the 15 minute support-level? Many thanks an Greetings from Germany.
Can someone please answer how you get stop loss on one of these charts? All I have checked, none can do this. Whats the platform? Everyone has these "use this strat" videos with no info at all of how to get to that point
What du you need for a Timeframe?
When it comes to day trading,the concept of trading through a safe entity is being overlooked by investors and that is why most people end up losing money
Certainly true,been self trading all year and I have encountered so much losses. I barely even make profits,sometimes it feels like I’m merely just learning. But I need to stop blowing money away
@@HasLetu you know Single handedly trading options often leads to huge losses especially for new investors. I’m new too but I get good trading call out from expert trader cooper which helps me secure my trades as I enormously earn from the market
Most investors don’t even put in pre work that is required for profitable trading and that often leads to loss of money in the end
Investors can actually trade and bank on profits depending on their tactics, long term would be most favorable since you’re buying shares owning positions outright
@@chablevins576 Getting to earn from the market has been quite irrational for me yet I see them do it a lot in the videos, only Problem is just figuring how to go about doing it. How do you earn by the way? I need clues please
I’m just genuinely curious as to why you still choose to use MES contracts, when you’re position size exceeds that of a an ES, as MES commissions are quite a but more?… I know it’s not a big issue if the trade ends in your favor, but if you take a few losses in a row, those fees are annoying. And I realize that you were essentially at 1.5 a regular ES contact in this video. But just seem like at this point, one would just choose to jump to two ES. NOW, if one is wanting to scale out of a trade along the way, I would understand. But you seem to ride the entire position to take profit… Anyway, just curious as to why you choose to do it that way?
I was curious about this too. Maybe this is his paper account? Because yeah it doesn't make financial sense trading mes when you can afford to trade es
@@HairyKiwiBalls I’m also leaning more into thinking his “live trades” aren’t live at all. After watching a tutorial on Ninja Trader’s replay capabilities and the ability to sim trade it, I think that is where these “live trades” are coming from, that he includes in his videos. Strategy he pushes is legit. Just don’t think his trading in these videos is…. Whether he is an actual successful trader, have no clue?🤷♂️ But there is enough going on here, to raise eyebrows.
Do u make mentorship and for how much
The second trade looked like a head and shoulders. Notice how as soon as price broke the neck line to the upside it blasted off.
What platform do you use? And how much capital do you need to get started? Love your videos!!!!
Awesome Riley!, I really like your videos and the strategy. Congrats!
Nice work bro. I love scalping I will def be testing this out. what sessions are you doing are you in NY or London for these or any specific time of day ?
untill this time i still try to find a better indicator to keep profit in trading,but i realize that the one that i need is just trade the breakout from trendline,8 years trading without a proper basic lesson on trendline wil end up in always loosing trade,so i'll go back again learning the basic of trendline.
Brilliant!
Nice Diagramming and Explaining ❗️
Really like your informative video
thanks for the explanation. if you let the chart develop for a given day, how long after market open you try your first trade?
Hello!
I study for 2years for learn as much i need to actually trying to make money out of it , instead of bla bla bla the usual! But the first time i did not take a regular account, but the second time i was dobbel the amount in just 1 month and i am happy that i allmost do that every month! Still learning more and more and it is so fun when you feel you are making money 😇☺️ best of luck for everyone
Your videos are great ! I'm sure you have many, many followers...Thank You !
What platform are you using. And are you trading futures?
Hello Riley, your videos are really well explained and yet I read them translated into French. I have a question for you, brokers in France are limited to a leverage of x30. And when I am ready to trade in real using this strategy with a maximum risk of 40 euros, what amount of capital do you recommend?
Can you make a video and talk about pre market datas? I found nobody talks about PM levels
Thanks a lot.
Thank you! One Question, how big ist your Account Balance and the Leverage for so big Profits in so small Pips?
These are futures contracts. Not FOREX.
Good video and good job 👍 I love the way you think ❤ you made me a new subscriber 😊
I'm bullish on this strategy and I'll do it on Nexo!
This is legit GOAT strategy
what is the app hes using
I like your channel. Also does micheal chin still have his? I saw you guys teamed up. Looking forward to both of your new videos coming out. Rally working hard on the two legged pull back. Was doing option but I really like both of your guys techniques. Thank. Kberger
Are you using footprint charts and delta shift for that reversal confirmation entries at s d zones?
Hahahaha nailed it with walking away, I've left so much profit on the table 😂
Wow... I didn't know about this strategy... Think I will test it soon
Bro theses gems need to be in a course💪🏾‼️
Bro, your editing is insane. Very nice videos. Do you edit them yourself?
Where do I go for course Riley?? Looked for it, now I can't seem to find it?
@RileyColeman thank you for your vids and lessons. I am trying to understand what you did @8:39 and forth.. you bought at the price of 4093 sold at 4083,25? .. I am confused.. if needed I will pay for this answer. Thank you in advance
I would like to see him use straddles on those support/resistance zones.
At about 8:23 you wanted to go short but what is the difference between this candle and the candle 23 bars back? Was there another indicator that you were using to make that decision?
This video is Chef’s Kiss!!!! Explained perfectly.
great video
Great video! Wondering if anybody else saw liquidity being taken in the live market replay?
are you trading stocks /futures or Options
You're a good teacher, Riley.
OK so I'm new is my tv upside down? How are you buy high selling low and making profit? It's blows my brain
@RileyColeman What stock/forex pair/index was shown in the chart?
please do you put the overall trend of the market into consideration on the higher timeframe when drawing support and resistance or you draw them no matter the underlaying trend of the market??
Just don’t think too much, each long wave contains small waves, every pro trader do counter trade. It’s not realistic to wait for trade opportunities by considering the highest trend. Most importantly, find the answer on the backtest, the answer may various via different market
Simple and well explened
Ty very much for the tutorial ❤
this is the most accurate explanation ive seen before
I really appreciate your view of day trading. You break it down in a way I can understand. I been on a consistent losing streak and I’m on the verge of stopping, but I will give this strategy a try.
I trade successfully and work as an executive. So, I’m busy and can’t just watch the markets. I do exactly what you’ve described. Great video.
Very good simple tutorial.
Which broker do you use Riley?
Riley do you have any thing on Ranging market
he was trading a range in this video, his levels are located at the bottom/top of the range so he's always getting in at the right locations