This is a FREE PDF for anyone to take advantage of!

Shoutout
to UsernameNF for the checklist and many great tips and to
Jbake / Leeland / Bueller for the follow up info all around. Hope
You Enjoy!
We are not financial advisors and hold no accountability over
your investment decisions

Here are some notes I have about how I wish I would have
started. - UsernameNF

We will provide extra info at very bottom to help with certain

parts of the list

1. Learn to chart (learning this helps to understand what you will

see when looking at a chart) We have many public YouTube
videos on these topics.

- BB system with levels and volume

- Support / Resistance - TA Routine + BB System Levels
- Supply / Demand - Short Supply Zones at top - open of the last
bullish candle to the most recent high before the decline
Long demand zones at bottom - bottom is most recent low
before the big move up to the top of the last bearish candle
- Candlesticks (doji, hammer.. etc )
2. Learn patterns / pattern breaks
- Candlestick patterns (wedge, flag, triangle... etc)
https://quizlet.com/752934023/candlestick-pattern-flashcards/
- Chart patterns (flags, wedges, triangles, cup and handle... etc)

3. Learn about different trade types and where to enter / TP

Going to post examples at the very bottom
- BB is where I would start (40% / 80% / BTD... etc)
- I would also consider other types:
- Pattern breaks
- ORB (open range breakout)
- Trading off VWAP or EMA bounce / rejections
Quiz #1 - https://forms.gle/FwZWXXk8GxuqudXbA
Quiz #2 - https://forms.gle/jNRwpKikigGsnL2v7

4. Practice charting (integrate this with each component learned

in #1, #2, #3)
5. Learn about risk management
- How much of your account to put into one trade
- Max amount of risk to take on that trade (i.e., max stop loss)
- Learn about trading psychology (my first suggestion would be
Trading in the Zone by Mark Douglas)

6. Develop trade plans based on #4 and #5 above

- Take charted tickers and develop trade plans AFTER the trading
day is complete
- Do this over and over - get repetition, then get more repetition
- Then take charted tickers and develop a trade plan for the
following day and see how that trade plan would have worked
out.

7. Learn to journal and track trades.

- Learn about trade journals and what others have found useful
- Develop your own journal or use someone else's.

8. Screen Time - watch live charts during trading hours

- Put everything learned in #1-#7 together and see it develop live
- Get used to what price action looks like one candle at a time,
one move at a time
- See how a single candle can make a chart look bullish, then
bearish, then bullish
- See how a trade plan looks when it's playing out (or getting
invalidated)
- See how a pattern break looks when it's playing out (or getting
invalidated)
9. Paper trade / Mental trade
- practice entry / TP's / exits
- journal every trade
- review the chart of every trade afterward
- practice this over and over

Yes, this is all before actually trading with any money

There is a whole separate list I would do for when actual trading

starts.
I don't believe it would be as long as this, as this is the foundation
for being a trader.

Notes:
- Play the long game - Don't worry about how long it takes to
learn all of this or how long it takes to learn how to trade and be
consistently profitable... even if it's a year or two. This is a long
term prospect. I promise you it is a long term prospect.
- Mental trading can be done throughout, but no real money
trades.
- Each step doesn't have to be completed exclusively in that order
before moving to the next step, but each step has to be
understood and at least in-process before the most can be
learned from the next step.

------

The downside to me not doing this is that I lost a significant

amount of money.
The primary way to become a successful trader is to have enough
capital left after you've learned how to be a consistently profitable
trader.

The reason most people don't make it (over 95% don't make it) is
because they simply run out of capital.

I lost a lot, lot, lot of money because I thought I was smarter than
the average person and I would learn and be better faster than
others. I was wrong.

The result was even worse than losing money - I developed

horrible trading habits and continued to lose money while I was
completing each of these steps. I continued to trade with real
money as I learned more because I was both trying to break bad
habits while also trying to earn back all of my losses. (btw - you
should never try to win back losses, just move forward)
Bueller -
Psychology Behind Trading Emotions

What is the #1 reason traders fail when dealing with emotions in

their trading?

The fear of losing money of course. That same fear deteriorates

you and your trading over time if you let it. That fear only
becomes a problem when you allow the potential win or loss to
exceed your comfort level.

So with this in mind, the best way to overcome this obstacle is

allowing LOGIC to be your light in the darkness. Reduce your
position size until you can accept and be comfortable with the
loss. If that means risking less of your account or even 1% of your
account then so be it. Stop letting fear take the wheel, allow pure
logic, preparation and analysis get you there safely.

Trading is not a smooth journey, you will definitely have your own
ups and downs the whole way through. This “Journey” is what
builds that experience and confidence over time. Giving up or
giving in to fear is not the road to Growth. ALWAYS keep this in
mind when you approach fear in your trading, LOGIC overcomes
FEAR!
Another big source behind trading success is PASSION. Nothing
about trading consistency is easy, it is a very tough road but it is
definitely not impossible. So if you ever have that thought cross
your mind, remind yourself that it is never just a walk in the park.
A very common question I see is about how much money can
someone expect to make if they were to get into trading more.
This is already the first step in the wrong direction. If making
money is your only motivation you will not make it far. Not
implying that you shouldn't be motivated by money, this is how
you make a living or even help support yourself by any means.
Money cannot be your driving force to growth. You have to love
the journey to build that natural strength against any kind of
market condition or trading emotions. Giving up will be harder
than you think from this motivational source of Passion!

“When in doubt, get out and get a good night’s sleep. I’ve done
that lots of times and the next day everything was clear… While
you are in [the position], you can’t think. When you get out, then
you can think clearly again.”

- Michael Marcus (Turned 30k into over 80 million in less than

20 years)
This quote has a lot of productive meaning. A simple yet effective
rule when taking a loss is taking a break. Clear your head and
Review. Take a loss? Take a break. After a bad day on the markets
nothing is better than a night's rest to give yourself a total reset.
Traders of every level are prone to emotions no matter the
amount of experience. Especially after a loss. So the last thing
you want to do is dig that hole deeper. Wake up the next day
refreshed and ready to prepare for the day ahead. The “TA
Routine” is not a mental toll so you should instantly clear your
chart and start over on your trade plans or even pick up where
you left off. Not even just from a loss though, all of this can be
applied to when you may feel uncomfortable about the overall
markets too!

PATIENCE is a big problem for most traders even through their

journey across many years. Most traders think you have to trade
every single day and every single moment they possibly can to be
profitable. This is another step in the wrong direction. Being a
successful trader is about protecting your capital and only
striking at the perfect moments. This can take days or even
weeks but what is important is the trade preparation and
patience not the actual action of clicking buy and sell. The
patience to pounce on that opportunity, after the amount of time
you spent preparing for it, is the key!
You might hear me say this a lot in chat when we talk about the
actual entry and exits of a trade, The ACTUAL Trade itself should
be effortless. The hard work is behind the preparation and the
confidence in the trade setup strength is in the preparation.
If you were to type What is the psychology of trading? In Google
you would get the response below.

Trading psychology is the emotional component of an investor's

decision-making process which may help explain why some
decisions appear more rational than others. Trading psychology is
characterized primarily as the influence of both greed and fear.
Greed drives decisions that appear to accept too much risk.
Overall investor sentiment frequently drives market performance
in directions that are at odds with the fundamentals.

Fear and Greed is exactly what you hear me talk about in the
daily trading streams in our trading community. Greed can make
a trader stay in a position too long to try to wring every last cent
out of it. Greed can also motivate traders to take risky and
speculative positions. It’s most common toward the end of bull
markets when speculation runs wild. Fear is the opposite. It’s the
reason people sell early to cut losses and avoid taking on extra
risk. Fear is common during bear markets. It can make some
traders exit the market irrationally.

Greed
Greed is a strong motivator. Without greed, you wouldn’t have
the guts to buy stocks in the first place. Especially not sketchy
stocks, right? Greed gets people up in the morning and keeps
most from giving up. But sometimes it’s also why most take on
too much risk. The market won’t bend to our will. Sometimes it
quiets down right after you score a big win. You get bored and
start feeling anxious. Your greedy side has no outlet. So you take
a trade you’re not familiar with, hoping it’ll pay off.
Maybe you get lucky and your trade moves in the right direction.
You scale in further and start to doubt your exit price. Why stop
there? You want as much as you can get from the market. But
then the trend reverses. Your emotions aren’t ready to accept the
money you missed out on. You didn’t sell at the high, and now
you can’t decide on an acceptable profit target. Your gains vanish.
If you want to avoid psychological trading mistakes, you have to
be crystal clear about your intentions before going into a trade.
Take a moment to examine your mind for the day before you
dive into the markets. Your account will thank you for it.

Fear
When investors/traders hear bad news about a stock or about the
economy in general, they naturally get scared. They may
overreact and feel compelled to sell their holdings and sit on
cash, staying away from taking any more risks. If they do, they
may avoid certain losses but may also miss out on some gains.
Traders need to understand what fear is: a natural reaction to a
perceived threat. In this case, it's a threat to their profit potential.
Expressing and Visualizing these fears might help. We should all
consider just what they are afraid of, and why they are afraid of it.
But that thinking should occur before the bad news, not in the
middle of it. Being preemptive is advantageous, thinking it
through ahead of time, traders will know how they perceive
events instinctively and react to them, and can move past the
emotional response. Of course this is easier said than done, but is
crucial to the health and success of a trader!
What are ways past all of this?

Set Rules - Create rules and follow them when the inevitable
psychological fight comes. Set guidelines based on your
risk-reward tolerance for when to enter a trade and when to exit
it. Set a profit target and put a stop loss in place to take emotion
out of the process. Set limits on the maximum amount you are
willing to win or lose in a day. If you hit the profit target, take your
money and enjoy your day. If your losses hit a predetermined
number, sit on your hands and go enjoy your day. Either way,
you'll live to trade another day. No point in letting one day ruin
your life let alone one or two trades, review/reset and plan for
more opportunity that lies ahead!

Practice with Paper - There is nothing wrong with Trading Paper

money. Paper Trading is amazing for traders to hold themselves
true to their trading strategies. Yes it takes all emotions out but
that's what it's supposed to feel like. Just dont use a 100k paper
account and then expect to be able to apply that same mentality
over to the real thing. That's unrealistic. The point is to help learn
the trading software and the process of reviewing and executing
trades. Use it to practice using limit orders, market orders, trailing
stops and stop losses. Learn how to manage your risk. Practice
paper trading for a few weeks or months. Keep a detailed record
of your trading performance over time so you can hold yourself
accountable. That accountability is crucial towards your own
growth. By the way, paper trading isn’t just for beginners. It’s a
handy tool to return to as your skills change and grow. Use it to
try a riskier trade or a strategy you’re not ready to bet real money
on. Think smarter not harder.
The Staircase Method - When you do get into trading with your
own money and the emotional psychological battle starts, you
will need a system to help you maintain yourself through the
wins and losses. A big method I preach to my own trading
community on a daily basis is this staircase method. After you
establish what trading strategy you will be focusing on, aim to
just focus on entry and what the first target is for you to exit your
trade. For months repeat this action, over time you will not just
gain confidence but your trading knowledge will also compound.
Yes you enter and exit off of the same parameters but sometimes
you have to adapt to the different circumstances each trade is in
over the course of your trading career. Next step is focusing on
how you can hold longer to those next targets on your chart.
Whether you are using the “Iron Hands” Method on my YouTube
Channel with the BB System/TA Routine Levels or with an
average line pr so0me sort of indicator it does not matter. Focus
on how you can hold longer after you have gained enough
confidence to scale out past your first target.

Track Your Trades - Not just for Tax Purposes but also for your
future growth! Keep a Trade Log of your entry, exit, profit, loss,
ticker you traded, expirations on options noted, TA Posted,
Reasoning behind trade. Over time you will be able to track your
own habits and stop your future self from the same repeated
problems. HOLD YOURSELF ACCOUNTABLE.
LIMIT YOURSELF - What I mean by that is limit yourself to just
certain types of plays. Types of plays you are most comfortable
with. If you are able to track your habits you should be able to see
what you're best at, and you already should have a personal
preference in your head. You shouldn't hope for only one type of
setup because we are given what we are given in this market and
should not complain about it, but if you limit yourself to just a few
types of trade setups you will see growth! If you are someone who
really enjoys playing premarket high and low breaks then only
focus on those types of setups for a while. If you are someone
who likes to only play 3-bar plays or candlestick patterns on the
daily then stick to that. If you trade something you have not
practiced enough or become familiar with you will most likely fail
or even worse, profit and have no clue why. The whole point is to
learn why we are doing what we are doing and to learn why we
are winning/losing. So we can repeat those actions with
reasoning not with “Hopes” or “Wishes”.

ALWAYS KEEP YOUR LOSSES SMALL - Your beginning Losses are

merely a “Fee” for learning. Not an excuse to keep losing and
definitely not an excuse to lose BIG. Keeping your losses small
makes it easier to sustain a healthy account but also a healthy
mindset. Limiting yourself, tracking your trading history,
establishing a trade plan before you are in the trade, Trailing
positions that are up big, avoiding over trading/holding too many
positions, and hammering trading strategies into yourself are all
helpful too but in the end it is up to each and every trade for you
to succeed. Yes you will Lose do not let that escape your mind,
but you should NEVER lose big. Don't put yourself in a mindset
where you feel you are constantly chasing bigger losses or
making up for mistakes in past trades. STAY IN THE NOW and
FOCUS on what you will do after you get hit.
Reminder that this BB System indicator exists:
http://tos.mx/TqO5ZgM

This'll automatically plot the following powerful levels:

Pre-market High
Pre-market Low
Pre-market Midpoint
Previous Day High
Previous Day Low
Previous Day Open
Previous Day Close

New addition: Current day's open

Thank you Leeland

Trade Log - Click “File” and then “Make a Copy”
https://docs.google.com/spreadsheets/d/1bG_58gDJRZvfTN6GZ1
XYEFUw6IpdTZzo/edit?usp=sharing&ouid=106175640357631893
228&rtpof=true&sd=true

BB System Review - PTON

- Being able to see signs of weakness/strength with price action is

crucial when taking profits after entering a trade. You will always
hear me say take profits “towards" your targets. Yes your intended
target for PTON is 120 but if signs tell you price is slowing up take
your profits, the momentum of your contract is important to
remember. That IS what you are trading, a time decaying asset.
This example below shows the current day open be used for
quick scalps towards another level from TA Routine.
40% Entry

This type of Entry occurs when price first moves through a

PMH/PML with increasing volume. When price breaks a
PMH/PML while volume is increasing, it's a signal for a likely
continuation and a directional move toward one of your Targets.
The 40% Entry is an "early" entry that are popular with scalpers
and shorter duration day traders. You can use this initial entry as a
quicker trade to a close target, or even a good initial start to a
position you are building up and scaling into. If you're going to
trade this entry, you must be aware that it's called a 40% Entry for
a reason - often the first break of a PM level will result in a quick
move to a close target, and then a retrace back to the PM level,
and sometimes continuation back through the level in the
opposite direction.

80% Entry

This entry occurs when price has already broken the PM level and
has retraced back to the level. VOLUME is key to determine the
next move price will make. To confirm the 80% Entry, volume
should be lower on candles that retrace. As pricing comes back to
the PM level and pauses or consolidates, this is where the 80%
Entry exists for a very high probability continuation in the
direction of the initial break. This will look like a reversal, of the
current direction, but trading the BB System, this is exactly what
we want to see, and why we would really call this continuation of
the original break. As price bounces and the BB directional break
volume rises, you will have a high probability from here to see a
more one-directional move toward your Targets, making your
trade an easier hold.
*Helpful Tips
1. Mark these levels on your own chart and follow along!
2. Watch the first 30 mins-1 Hour go by and re mark your new
high and low of day for extra levels intraday.
3. Watch on the 10m or 15m time frame for more patient trades
with more clear price action!
4. VOLUME is most important when playing level to level. Rising
buyers and Rising price = Bullish/// Rising Seller Volume and
Lowering price = Bearish
5. DM for any extra price action help! @everyone
6. Checkout the FREE Playlists on YT for BB System/TA Routine
PMH = Premarket High
PML = Premarket Low
PDL = Previous Day Low
PDH = Previous Day High
SL = Stop Loss
TGT = Price Target

BB System Review - AMZN

- 40% and 80% Entry Types Explained Again
80% Type Entry aka Retest Entry by Bueller

(picture examples are not related to video, just extra examples

involving the 80% entry)
This entry occurs when price has already broken the PM level and
has retraced back to the level. VOLUME is key to determine the
next move price will make. To confirm the 80% Entry, volume
should be lower on candles that retrace. As pricing comes back to
the PM level and pauses or consolidates, this is where the 80%
Entry exists for a very high probability continuation in the
direction of the initial break. This will look like a reversal of the
current direction, but trading the BB System, this is exactly what
we want to see, and why we would really call this continuation of
the original break. As price bounces and the BB directional break
volume rises, you will have a high probability from here to see a
more one-directional move toward your Targets, making your
trade an easier hold.
LIVE TRADE SERIES - 80% Entry Type Breakdown and Review
($RBLX +20%)
Link to video - https://youtu.be/pOQuWP-2dV8
From our good friend Jbake -

Break & Retest Trade Set Up

The Break & Retest set up is a very simple and easy concept to
understand and trade. All we are looking for is price to pull back
to an area of interest after a break out. The reason we wait for pull
backs instead of jumping into trades right after a break out is due
to the high fail rate of break outs. We want to have the lowest risk
trades possible. Waiting for pull backs allow that as it gives us
time to see the trades unfold and develop.

Step By Step Process

1. Wait for price to break out and close above/below level on rising
volume. It is very important to see rising volume as that validates
the effort of breaking the barrier.
2. Look for price to pull back to area of break out with lowering
volume. If price action is producing small candles during pull
back, this gives the set up more confidence as its telling us this
trend is weak and big money is not interested in lowering prices.
3. Once price has pulled back to break out area, wait for price
action to form reversal candlestick patterns. The more reversal
signals, the better. Enter trade once you have enough
confirmation/signals.
TIPS
- Look for price action to form reversal chart patterns on pull
backs like flags, wedges, channels. These are strong patterns that
a lot of traders watch for.
- Use fibonacci retracement tools to help aid probable areas of
reversal. If the fib 50%/61.8% levels line up with predefined zones,
this makes the area of interest even stronger.
- The smaller the candles get as it approaches are of interest, the
stronger reversal becomes. Look for those shrinking candles as
much as possible.
- Don't immediately move on for trade if it first falls through an
area of interest for reversal. MMs could be faking people out and
stop hunting before they continue the break out trend.
What Are Supply & Demand Zones? S/D zones are areas of
interest where investors look to buy or sell stock. Zones represent
a general area versus an exact price line, giving the trader more
flexibility in entry execution.

Supply Zone: Area where investors look to either close long

positions, or open short positions.

Demand Zone: Area where investors look to either close shorts

positions, or open long positions.

This is just a general definition of zones. I'd recommend watching

a couple Youtube videos and reading up on it to get a more
thorough understanding

What Is Volume?

Volume is the number of shares trading in a given session.

Volume can be found on anytime frame and in every market.
What volume tells us is strong, or weak, a trend is. This can be
found on the bottom of your screen on whichever broker you use.
Why is Volume Important?

The most common reason for the importance of volume is to

indicate strength, or weakness in a trend. But more importantly,
It tells us when big money institutions, MMs, and insiders are in or
out of the market. As a retail trader, volume is as close to insider
information we have as volume is one place they can't hide their
transactions.
The 2 Types Of Volume We Look for And The Meaning Behind
Them

Validation- Volume is in direct proportion with candlestick/s

validating current price action and confirming continuation of
trend.
Anomaly - Volume is not in direct proportion of candlestick/s
invalidating price action and signaling a potential change.

Validating Break Outs With Volume - The simplest way to

validate a break out is with rising volume
What Are Fibonacci Levels?

Fibonacci retracement levels are horizontal lines that indicate

where support and resistance are likely to occur. They are based
on Fibonacci numbers. Each level is associated with a percentage.
The percentage is how much of a prior move the price has
retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%,
and 78.6%. While not officially a Fibonacci ratio, 50% is also used.

How To Trade Fibonacci Levels

There are a couple ways to trade fib levels but the most popular
and efficient way is to trade bounces off the 50% or 61.8%
fibonacci levels. Price tends to retrace at least 50% of its move and
most algo traders have there orders to execute when the 50% or
61.8% levels are touched. Here we have price retracing back to the
50% level.

In this example, price retraces back to the 61.8% fib level and
immediately bounces or what is known as a "Touch & Go". This
happens because algos have their orders preset to execute as
soon as the fib level is touched. This happens on all time frames
and in both bull and bear markets.
Entering Trades Using Fibonacci Levels

I mainly enter on the 50% and 61.8% fib levels. These are tried and
true levels and you can build an effective strategy just using these
levels alone. I use 2 entry types that are simple and easy to follow.

Entry Type 1- Pull Back & Reversal Entry

- Wait for price to pull back to one of the 50% or 61.8% level.
-When price reaches one of these levels, look for price to make a
reversal signal and enter on the break above/below of the reversal
candle.
- Stop loss would be set above/below the opposite side of the
reversal signal

Here we have price pulling back to the 61.8%/78.6% level making a

doji candle. You will enter at the break above the doji candle and
stop loss would be set at the opposite side of that candle. Price
has a nice push up and offers another entry at the 50% level
making 2 hammers back to back. Once again, you would enter at
the break above the hammer candles and set stop loss just below
them. Another nice move happens after the bounce.

Entry Type 2- Hold & Break Above/Below Entry

- Wait for price to pull back to to either the 50% or 61.8% fib level.
We are looking for price to find support/resistance at one of these
levels
- Enter when price breaks above the acting support/resistance fib
level. For example, if price pulls back to the 61.8% level, you would
enter when price breaks above the 50% level. When price pulls
back to the 50% level, you would enter when price breaks above
the 38.2% fib level.
- Stop loss would be set just above/below the opposite fib level
from entry

In this example, we have a nice move to the downside followed by

a retracement to the 61.8% fib level with a successful rejection.
You would enter once price breaks below the 50% fib level. Your
stop loss would be placed just above the 61.8% fib level.

This is as simple as it gets when trading fibonacci levels. This

system has been tested and used by millions of traders. These
levels work in bull and bear markets and I would encourage any
trader to to research and backtest these levels for themselves.

Leeland continued -

Correct way to draw Fibonacci Retracements:

1. Identify an impulse/directional move, and identify its swing

high and swing low.

2. You will ALWAYS draw your fibonacci retracement the same

direction the price moved.
Big bearish move down: then you draw from high to low
Big bullish move up: then you draw from low to high
What's the point?
Fibonacci Retracements use ratios derived from the Fibonacci
Sequence to calculate high probability levels where a pullback
(retracement) will potentially END and potential reversal BEGINS.

The example provided is strictly daily timeframe. Let's see how we

can use these levels on the smaller timeframe now.

SPY on 8/19/2022

Start from the daily. There is a very clear directional move from a
high of 462.07, to a low of 362.17
Step 1:

The move is down, so we draw our fibonacci retracements from

high to low
Step 2:

- We see price actually broke above 61.8% ratio, but is showing

signs of weakness with small candles and gap downs.
- 8/19/2022, we get another strong gap down and price breaks
below 61.8% from our big time frame Fib, with rising volume on
the intraday timeframes.

We can now apply the same concept as our bigger timeframe,

since we have a directional move down on the 5 minute.

What do we need? A significant high and low. Once we see that

low of day at 421.71 made and price beginning to retrace, we have
another
Step 1:

It's a move down again, so we draw another fib retrace from high
of day (HOD) to low of day (LOD)
Step 2:

Now we just need to wait for the same signals we saw on the
daily to appear on our 5 minute timeframe; like powerful
candlestick patterns such as shooting stars, engulfings, dark
cloud covers, etc. at the fibonacci retracement levels we just
found.

In this particular case, we see a rising volume 5m shooting star,

rejecting the 50% level.
This happens on every chart, on every timeframe. Don't take my
word for it, I encourage you to take this, go through charts, and
draw fibonacci retracements on your own.

Side note: check out how the intraday 61.8% lines up with the
bigger timeframe 61.8%. Math

We've talked about using Fibonacci Retracements for high

probability pullback/reversal levels to enter a trade.
Let's talk about a lesser talked about but equally as powerful
Fibonacci concept for targets: Extensions

Fibonacci Extensions are calculated using the same Fibonacci

sequence as the retracements; the only difference is they are
extended beyond the 0% and 100% retracement levels.

Let's look at the day of 8/15/2022 on SPY to see how we can

combine Fibonacci retracements for a pullback/retest entry and
Fibonacci extensions for profit taking.
We follow the same 2 step process outlined above. Identify the
low and high. For this bullish move we draw from low to high
(remember, same direction price moved).
Price retraces to the 61.8% retracement level (twice) and forms
bullish engulfing candles. Great, we're in; now what?

The first high probability level that we can look for profit taking
would be the swing high (0% retracement) that we used for our
Fib Retracements.
To add EXTENSIONS beyond 0%, we can edit our drawing and add
new levels, like -0.5, -0.618, -1.0

Just like fibonacci retracements are high probability levels where

a pullback (retracement) will potentially END, fibonacci
extensions are high probability levels where the continuation
move will potentially end.

We talk about "algo's" (algorithms) all the time. This is the

language of computer algorithms: math. Algorithms are
programmed to make these mathematically measured pullbacks
and moves all day every day, on every timeframe, on every chart.
So learn to be an algo.
I'm going to post some trade reviews from my trading
community now - I don't raise sheep, I raise and promote
LEADERS.We dont tell ppl they can get rich or earn a lot
of money, we tell them they will have to work hard !

1. 2nd trade on SPY on the retest.

Would've liked to have been in a couple minutes before entry.
TSLA had part of my focus

This is a perfect example of why I'm such a big proponent of the

80% Entry (retest entry), specifically on the last runner contract I
held.
If you bought puts where I exited for +80% because you got
excited seeing SPY break a new low of day and hoped for more
blood, you were down -40% within less than 5 minutes.
In 10 minutes, you're down -60%, which is when i cut my runner
Wouldn't you rather be on the other end, closing for +60% instead
of a -60% loss?
Or worse, holding longer hoping it at least comes back to break
even so you can get out because you're now emotionally
wrecked?
If so, then you need to start visualizing what a chart looks like
BEFORE that new low (or high) is made.

Start with top-watches☝ 🥇 @BUELLER hands you levels on a

silver platter literally every day for you to review and visualize.
Mark your 40% and 80% entries. Mark your BTD/Reversal Entries. I
promise, the more you wire your brain to see these on a chart, the
easier and faster it will be for you to see them live.
 2. TSLA - ORB win - 32% overall w/ 94% on runner

Setup:
TSLA looked strong even after the gap up.

I was looking for an opening range breakup (note - scalping only

with momo playing on early volatility - sometimes you don't
make it to DT levels).

The first candle rejected PMH but the second and third pushed
up with heavy lower wicks.

I liked that the third candle closed above my level and the
momentum had shifted from overnight profit takers back to
buyers.

Entries:
#1 - I entered at the beginning of the 4th candle and it
immediately dropped, but was wicking up.
The volume matched but the candle size was smaller.
The next candle almost shook me out - higher volume and large
candle, but closed above my trigger candle - this was a fighting
candle.

#2 - I was almost ready to cut it, but the close of the 6th candle
was on low volume and I was seeing the buying pressure on that
candle shift again. When the 7th candle closed above the 6th
and above PMH I had a confirmation from VIX / NQ / ES and felt
the momentum return to the buyers so I added to the position.

Scales -
The first scale was the 1/2 my position at 15% and also at my DT
and open trigger level. This gave me some breathing room to see
what the rest could do.

The second scale was half again (higher risk on this trade, so I
wanted to capture more up front) at 27%. This left me 2 runners
to take out one at a time.

The third I took for 48% after a nice push up that looked like it
was stalling at 785. Again, these are momentum scalps so I was
trying to read the momentum. It ended up pushing significantly
higher before closing with growing volume.

Exit:
So this is where I had to decide how I was going to treat my
runner. The plan coming in is, if I end up scaling out with
increasing gains, I leave it at BE and see what it can do.
I started out that way and lasted through two deeper pullbacks. I
ended up with a lower high after the first pullback with the
second pullback being a higher low.... that indicates consolidation
for a move.

Since I didn't know if it was consolidating for a breakup or

breakdown, I decided to run my SL up the lower trendline of the
consolidation.

It kept riding the 9 ema after that and never really tested my SL
until it broke up through that and to a new HOD.

At that point I watched as it peaked and retested the breakup but

had trouble getting to a new HOD. On exit candle, it was such
low volume that I decided it was going to be the top and moved
my TP down from 792 and manually took it near the peak of that
candle for 94%.

What I did well:

1. I managed the trade by price action instead of P&L (something
I've struggled with recently)
2. I read the momentum fairly well, especially when I added to the
position, which changed the whole trade.
3. Identifying and moving my SL with the lower trendline of the
consolidation - something I've never done before and had my SL
hit a BE when the price action was telegraphing a different
message.

What I need to do better:

1. be more consistent with trading like this.
2. stick to my trading rules so I can do #1
 3. NVDA Puts play: +37%

Break & Retest set up. We had increasing seller volume after the
reversal going into PML.After we broke below PML we had 1
green candle on relatively lower volume than the preceding
candles, signaling to me that sellers were taking some profit. I
entered immediately once we broke under the trend candle. Took
profit on my first contract at 30% and my last one at 50%. Solid
trade overall!
 4. NVDA Puts- +20%

Different day, same strategy. Simple break & retest with a nice
push down to near 2nd target. I don't post these to just show
gains. I post these to show what you can do with one set up.
5. AAPL short - win

Played the break of my 146.53 level, PML, and PDL with

volume on the 3m. I waited for a quick retest of it before
entering. Got the break I was looking for and TP at about
146 for a quick 10%.
6. - Entered off the break of that $392.60s level with increasing
seller volume
- My stop loss hit but we were still under the 9ema and we
were getting lowering buyer volume. I decided to hold just a
bit longer and it paid off.
- Exited at the HOD we used to get the 80% entry earlier on
SPY, @BUELLER drew this on stream.

7. Solid 80% Entry Example from Noxta - 20% TSLA Call

8. NVDA - entry was as price bounced and held the previous
day close - TGTs were 144 and todays open ! Called on
stream and made some good profits with a few ppl in the
community ! Was also as spy pushed above my mentioned
 breakout level

9. Spy - late scalp on the big pop up for 44%

We finally got the volume (see bottom of chart). I got in late,
missed the 40% off the red trendline break up, also missed
the 80% entry after the retest. Because of this I scalped with
momo. I took 6 of 10 off just before my 380.83 level (intraday
from today and yesterday). I then took 1 at a time with the
momentum leaving 2 contracts to see what we could do
with them. I took 1 off as we broke below the red dotted
380.83 level as a hard push like that can reverse just as hard.
Took the last contract with the next push over the 381.26
level.
10. Buy The Dip aka BTD Entry . Entered when we closed
above the 9ema with rising volume, decreasing volume on
the slight pullbacks but held through since we never closed
below the 9/5ema. Gains were around 50%, .92-1.39