Thanks Mike. Love the Vids. This one is easily backtested. The stop loss is huge. When it doesn't work it don't hurt. With the high ADX, when it works it has high reward.
@@jochang9012 Kinda sounds like Doge didnt set it up correctly - or his position sizing was insane. How could you get margin called will stops that tight?
There are plenty of losses with all strategies. Thats not what this is about. Its about finding low risk trades with higher return. and cmon, don't like your own comment, its sad haha
I love making videos. Also love trading for additional income. I dont risk enough to push into the millions in a short period of time. Its beyond my comfort level. I typically day trade with 50k - 100k accounts with minimal risk to obtain my goal on a monthly / yearly basis
@@FiguringOutMoney Focusing on one thing at a time means you'll get more done. Multitasking and context switching naturally slows you down. On the other hand, single-tasking is more likely to get you into a state of Flow-the state of deep focus you get when doing meaningful and difficult work. So chose one as a job and other as a hobby or you will be medium in both.
@@maxless6655 I trade as an income source and have for a decade+ at this point. Intraday trading is like watching paint dry. It's pretty boring. You have to do something else with your life or you will go insane. Swing trading you can spend minutes a day throughout the day to put into trading. It can be a second job with how little time is needed. I too was once gung ho like you are. Spend all the time you want on it.
@@Danielle_1234 Yes, I understand. You are so good trader that you need second and third income. So thousands of finance youtubers just love to make profitable videos and sell courses. But, ofcourse, this one does it just for the kicks :), without showing his longterm profitability.
🟢 TRADE IDEAS & DISCORD: www.patreon.com/figuringoutmoney
best trading tip: don't be greedy.
Thanks Mike. Love the Vids. This one is easily backtested. The stop loss is huge. When it doesn't work it don't hurt. With the high ADX, when it works it has high reward.
The best trading strategy I ever seen. The only one I use.
Mike i've been going through charts looking at how these setups played for the last 2 hours - looks gangsta - thank you
How did you build the scanner in Stockcharts. Didn’t get it hahah
@@julianner3896 I used tradingview to scan for stocks w daily ADX > 26 and 20dayEMA < price
Which timeframe is best for this strategy?
Its fractal, you can use any time frame
Letssss gooo!!
if yu see that chart clearly shows a morning star
This is very interesting however doesn't work stops always get triggered before they go in ur direction.
no, it doesn't "always". This example proves that
I used to trade that on Fx with a trailing stop.
and then what happened
Cool story bro.
@@jochang9012 Not trading it anymore..let's put it that way...margin call.
@@dogegamer3288 looks like the strategy didn't work
@@jochang9012 Kinda sounds like Doge didnt set it up correctly - or his position sizing was insane. How could you get margin called will stops that tight?
What settings do you use for your ADX?
14
@@FiguringOutMoney Thanks!
Not a holy grail, plenty of losses with this strategy
There are plenty of losses with all strategies. Thats not what this is about. Its about finding low risk trades with higher return. and cmon, don't like your own comment, its sad haha
@@FiguringOutMoney😂😂
@@FiguringOutMoney lol
@@FiguringOutMoney😂😂😂
🚀🚀🚀🚀🚀🌕🌕🌕🌕
Look at the bigger move you missed out on playing
Hindsight trading comments let me know who is inexperienced and who has experience
Failed in consolidated market and eat all your TP
What time frame?
What’s the best indicator and strategy that works the best?
Price action
Then trade and make milions, don't make youtube videos :)
I love making videos. Also love trading for additional income. I dont risk enough to push into the millions in a short period of time. Its beyond my comfort level. I typically day trade with 50k - 100k accounts with minimal risk to obtain my goal on a monthly / yearly basis
@@FiguringOutMoney Focusing on one thing at a time means you'll get more done. Multitasking and context switching naturally slows you down. On the other hand, single-tasking is more likely to get you into a state of Flow-the state of deep focus you get when doing meaningful and difficult work. So chose one as a job and other as a hobby or you will be medium in both.
@@maxless6655 I trade as an income source and have for a decade+ at this point.
Intraday trading is like watching paint dry. It's pretty boring. You have to do something else with your life or you will go insane.
Swing trading you can spend minutes a day throughout the day to put into trading. It can be a second job with how little time is needed.
I too was once gung ho like you are. Spend all the time you want on it.
@@Danielle_1234 Yes, I understand. You are so good trader that you need second and third income. So thousands of finance youtubers just love to make profitable videos and sell courses. But, ofcourse, this one does it just for the kicks :), without showing his longterm profitability.
@@maxless6655 let me guess--you focus on shit posting and your flow state is when you pump out tons of comments like these?