How to start making $10,000 per month trading stocks like $TSLA $META $AMD $AAPL
Yes this works on a small account and is a simple strategy🧵
Yes this works on a small account and is a simple strategy🧵
1/ My Background
At 17 Years Old I have had a lot of success in the market because I simplify everything. My edge is the stocks I trade and the criteria under I trade them.
It is simple and it works. Let's get into it 👇
At 17 Years Old I have had a lot of success in the market because I simplify everything. My edge is the stocks I trade and the criteria under I trade them.
It is simple and it works. Let's get into it 👇
2/ The Indicators
I use VWAP and the 9 EMA
- Stock is over VWAP then you never buy puts
- Stock under VWAP then you never buy Calls
- 9 EMA Helps you find out when a stock is too extended
I use VWAP and the 9 EMA
- Stock is over VWAP then you never buy puts
- Stock under VWAP then you never buy Calls
- 9 EMA Helps you find out when a stock is too extended
3/ Finding Stocks
I watch $NVDA $AMD $AMZN $MSFT $TSLA $SPY $META $COIN $GOOGL $AAPL $QQQ and I look to see what is the strongest / weakest every morning.
I focus on the names with strength or weakness that are moving with the market, then I watch how they move off the open.
I watch $NVDA $AMD $AMZN $MSFT $TSLA $SPY $META $COIN $GOOGL $AAPL $QQQ and I look to see what is the strongest / weakest every morning.
I focus on the names with strength or weakness that are moving with the market, then I watch how they move off the open.
4/ The Setup
Once I find the stock that is strong (up the most) or weak (down the most) with a good daily settup / pattern I mark the PMH and PML.
5 Min Close over PMH = Watch Calls on a Retest
5 Min Close under PML = Watch Puts on a Retest
Example from Today👇
Once I find the stock that is strong (up the most) or weak (down the most) with a good daily settup / pattern I mark the PMH and PML.
5 Min Close over PMH = Watch Calls on a Retest
5 Min Close under PML = Watch Puts on a Retest
Example from Today👇
5/ What to Avoid
When Trading it is Simple, Avoid CHOP! Do not trade the stock if it has overhead resistance nearby, or if it in between PMH / PML.
In between the premarket levels = Chop!!!
Example of conditions not to trade 👇
When Trading it is Simple, Avoid CHOP! Do not trade the stock if it has overhead resistance nearby, or if it in between PMH / PML.
In between the premarket levels = Chop!!!
Example of conditions not to trade 👇
6/ Prime Example
Here is a tip, if PML is near PDL then you always mark the PDL.
Today AMD PDL was Near PML so I waited for a 5 minute close under the PDL, Bought Puts on the Retest and won with 1:6 Risk To Reward.
Stop loss = 5 Min Close Over Retest Spot.
Here is a tip, if PML is near PDL then you always mark the PDL.
Today AMD PDL was Near PML so I waited for a 5 minute close under the PDL, Bought Puts on the Retest and won with 1:6 Risk To Reward.
Stop loss = 5 Min Close Over Retest Spot.
7/ Knowing When To Enter
You NEED To enter on the RETEST!
Meaning when it comes back and tests the level that you were watching for it to break out of.
Be patient and wait for it to get to the exact level to minimize your risk 👇
You NEED To enter on the RETEST!
Meaning when it comes back and tests the level that you were watching for it to break out of.
Be patient and wait for it to get to the exact level to minimize your risk 👇
8/ When to Stop Out
I always wait for a 5 minute close to stop out, say you trade a PMH Retest on a stock. You enter calls on the PMH tap, when it gets a 5 minute close under PMH then you stop out and take a quick loss.
So Stop Loss is under the Retest Spot / Break of Structure
I always wait for a 5 minute close to stop out, say you trade a PMH Retest on a stock. You enter calls on the PMH tap, when it gets a 5 minute close under PMH then you stop out and take a quick loss.
So Stop Loss is under the Retest Spot / Break of Structure
9/ Risk to Reward
Risk to Reward is Key.
Your risk to reward needs to be at least 1:2 so that you can lose more then you win and still be profitable.
Today I took a 1:6 RR Trade meaning I risked $100 to make $600.
Even with a 20% winrate you will make money (mine is 80%)
Risk to Reward is Key.
Your risk to reward needs to be at least 1:2 so that you can lose more then you win and still be profitable.
Today I took a 1:6 RR Trade meaning I risked $100 to make $600.
Even with a 20% winrate you will make money (mine is 80%)
10/ Todays Trade
I took $AMD Puts off the PDL Retest today and PML Break and Psych Level Break (Talked about earlier)
I also took $SHOP Calls today. It was the strongest stock, got a 5 minute close above PMH I took calls on the retest and sold at 70%!
I took $AMD Puts off the PDL Retest today and PML Break and Psych Level Break (Talked about earlier)
I also took $SHOP Calls today. It was the strongest stock, got a 5 minute close above PMH I took calls on the retest and sold at 70%!
11/ Base Hits
Adding up base hits is key. As you stack win and win and win and stop going for homeruns it will eventually come.
When you focus on your performance and rules then you will naturally make more money.
Consistecy is so important.
Adding up base hits is key. As you stack win and win and win and stop going for homeruns it will eventually come.
When you focus on your performance and rules then you will naturally make more money.
Consistecy is so important.
12/ It is time for you to become Profitable.
Don't wait until 2025 to become a profitable trader when I am hosting a FREE Masterclass tomorrow going over the system to become profitable in Detail.
Tomorrow at 7 PM EST 100% Free.
Save your Spot - event.webinarjam.com/register/25/o3…
Don't wait until 2025 to become a profitable trader when I am hosting a FREE Masterclass tomorrow going over the system to become profitable in Detail.
Tomorrow at 7 PM EST 100% Free.
Save your Spot - event.webinarjam.com/register/25/o3…
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