 This is the way I think in terms of trading like I want a short week and buy strength And so for me, I'm willing to give up that basically the $3 like $2 and 50 cents up to 76 because then that's more strength to me So those those are big rules That I I created for myself like making sure that I don't add up. I don't add size until Or add to my position until I know I can change my stop and then I look at a 15 even worst I'm like Like what like what happened and that's that's where I would want to get involved Like this is how I this is how I'm thinking of it By the way, if you're looking for the best tools for day trading everything will be linked down in description And also this is not financial advice. This is our personal opinion. So sit back relax and enjoy the show Since I'm back, I guess from vacation and back now really Really back in the routine like after a couple weeks. I fell so off track with like working out I'm stretching eating well and doing all of these things And it's frustrating because I just can't seem to To just get back into it. Like I know what I'm doing wrong, but I can't Do the change or just can't like follow my routine and it's it's starting to bleed in my trading of like Days that I'm undisciplined I just not I'm I'm just not sharp. Like I guess you would probably Have more reason not to be sharp with a kid, you know and less sleep, but I'm just I'm just not sharp I'm just so off track with everything and I don't know if it's because I try to do maybe too much change at the same time like I mean I don't want to interrupt but yeah, I mean, I know that's always a big thing You know, every time I try to make a lot of changes at the same time it always It always you always go through a longer rough patch than anticipated or than you want You know, just you know monitors you're trying to re get adjust readjusted to where everything is You know and you know, like you said like you You're trying to do something new, but you're also trying to take advantage of the types of trades that you know that you can take advantage of Um, you know, you have to be willing to basically give up like a whole months of gains um You know to try to focus on that on the news thing and then you know and really get it down because You're trying to you're essentially trying to be a jack of all trades And you're going to end up being a master of none, you know Instead of like a master of one trade You know that whole Bruce Lee quote that everyone you know posts on twitter, you know Whatever it took like a thousand karate chops or whatever one time, you know, whatever whatever it is, right? I've seen people take or people post, but you know, that's essentially You know, that's that's essentially it. You you know, just You know, just be willing to spend like the three weeks just watching new watching news and just you know, knowing that That or or that or you know, you have to just always trade news smaller like it All right, it's a it's a focus like you said and it's not going to be my main focus But I want to be aware if and when there's news I want to be able to trade it, you know, especially in today and just, you know Just trade it smaller until I really hone in on how I want to trade it Yeah, I think I I thought I guess, you know, like when you're starting out everything you you're a bit lucky And uh, it just it works out better quickly and then over the long Long longer period you kind of get to rebalance into you're not that great and you need to still put in a lot of work And I feel that it's it's probably just what happened like the beginning was I guess a bit easier And now Um, it's just a bit tougher and things are not I guess there is still working out like all right. I think maybe my expectations are really high because it's something That like when you back test you only see the news that really worked out well Versus all the little news that like didn't do nothing so I have to quantify which news are like the news that I want to trade and which news or Not really the one I want to trade and I think I haven't done that work yet And that means I'm to focus on the news full on and every big news or every news that's coming out I'm going to try to get involved in a way versus saying like, uh, I don't care about these news These are just like useless or like having my my niche Of news versus, um, all news. Let's put it this way. Yeah, I mean, it's it's like, yeah You're just you're still in that experimental phase and trying to just in trying to find your way and and what makes more of a Phase and trying to just in trying to find your way and what makes the most sense to you Yeah, and balancing stink still taking some older trade and Focusing more on the news. So I'm a bit all over the place. I guess it's just readjusting um, and I just have to uh Keep on doing the work and I've been a bit exhausting myself into research back testing and so on and so forth. So Yeah, you know in the hope is the hope and the idea is that it's gonna it's gonna pay dividends, right? Like it's it's you know You know, I don't know if you're in a big drawdown or if you're just down small or if you're just you know, flat-ish Um, I guess I'm I mean If I'm down, I'm down a couple hundred bucks like Pocket change. Let's put it okay. And you said you took a big rip in riot the other day, right? So, you know, you're essential. Yeah, you're essentially that was the one. Yeah that kind of Before that one I was up on the month. Um I took a pretty big rip just because the spread was a dollar. So like You don't need a big position to take a fat loss in like It just it was a blink of an eye, right? I just I was talking to you during the day that like, oh, maybe this one They said in their 10k that they were gonna raise soon. So I had it on my alerts for a filing This is the alert I had so I had this stock in a filing and the same day that I talk about it I see the filing coming out. So the first thing I did I did what I was game planning to do is I just hit like Whatever I thought it was going to be just like a starter size or like whatever It just ended up I got filled more than I wanted and then I just look at the level two bit ask and I'm like, oh God like now I just know I I ruined my day plus much more and I'm like All right, so this is how I'm gonna close it Because I was I was done on the day finished up and this this news came out and then I just got ripped and I was like Yeah, all right. That sucks like I was so pissed. I was like, why was it like I was still at my computer because I was just so watching stuff but Yeah, I guess Lesson learn the bit and this the spread when you're training into a day It's not something that you have to be be really worried about diversity after hour. Then it can just open up so fast. Yeah, I mean you Yes, no, I mean, there's there's still things like, you know, DX or gen X the last couple of days, like they're still Spready, right? Yeah It's just yeah, you usually don't there's usually some more liquidity Hidden somewhere where you just you know, you don't have to After hours, like you said, it's just you have to be really cautious of where price was and where you know Either the bit or the ask is You know when you're trying to get in Yeah, so it's something I didn't really check and I kind of paid a price so so quick The time I got filled that was already done like max loss and I was like, oh Yeah, I mean, I I've been there. I've been there I like it's it's always it always seems to work out like that too. We're like Your wins are like such grinders, right? Like where it just you know, you're in a trade and just you're waiting and you're waiting And you're just you're being so patient And it takes like five hours for the trade to work out like to how you think it's gonna work out And you know, like the losses are always like within 30 seconds Like always like I enter and it's just like you're always immediately wrong and just like well that sucks You never it's you're never wrong like slowly you're always wrong like it's that's as possible Yeah, you're like, this is the spot you get any just wrists back up and you're like, yep All right, I'm barely not Sorry for the interruption But if you have any question or topic that you'd like us to cover Let us know in the comment section and while you're at it like and subscribe. Let's get back to the show So do you have a way that you You plan your swing trades not your swing trades, but Like I have This rule it's it's a non-written rule But it's like I'm never gonna hold something overnight if I don't have already like a decent padding on it Yeah, total, you know that then that's exactly that's exactly what I mean Like I had entered that trade in anticipation that it could be a swing trade You know and obviously if I held until the absolute end of the day You know, I would have been in the money, right because it closed at 77 but You know at 345 it came back down and you know, basically it came back down into like my you know, 335 It came back down into my my entry zone And you know, I just was like well Is it gonna bounce is it gonna continue to roll over because it you know, it did open up at 70 You know 68 You maybe some profit takers and to come in to the end of the day It's gonna open up at 74 or close at 74 and still look like normally, you know perfectly fine And then maybe the next day, you know, kind of You know something happens to it So you tried to get long into earnings around I guess that would be your spot somewhere here No, no, no, no. Yeah, I was up here. So like yeah, so earnings it was down, right? It was like the earnings that goes down to like 70 um, yeah down there and Uh, you know, and then it kind of rallies up and like I didn't really see it at 72 ish At that point in time for me like I'm still thinking I'm still thinking down, right because if you look at the daily The daily the bottom of the daily range was 72 Okay, right. So this is where like for me like confluence comes in and right gap down Hold on. You're talking about this one, right? So if you go back to that if you go back to that five-minute flag Um, then I'll just put it line Yeah, it's an area, right? I think so. Yeah Give it a take. Yeah, give it a take, right? So oh, wow. So When you're looking at that line and when it when it comes up there in the morning, um I'm still thinking you should short, right? So so I'm not going to get long there and I'm not necessarily thinking short, but This is the way I think in terms of trading like I want a short week and buy strength Um, and so for me, I'm willing to give up that basically the Three dollars like two dollars and fifty cents up to 76 because then that's more strength to me, right? So if you if you go back to the daily chart, right? Go back to that daily chart again And then look at the last and you type in that that last four or five day range basically right before earnings day yep Yeah, but there's that's kind of the Remain there over that it's with a catalyst out You would say it's it's a long below that with a catalyst you would see it's probably going to be especially because it's and it's not And it's not just any price level that's just like an inside pivot to me Right because then the real pivot is those if you go, you know a couple days to the left Not right there. Yep. What the one of those eyes. Yeah, the real pivots like 80 bucks, right? And I think that's why You know as we're talking about this now if you see This, you know, perhaps it obviously coincides with a news spike But there's just so much more interest in such a great Velocity of a move Because now now you're taking out this whole This whole bigger range that that people are looking at Yeah, that was like such a good name and and yeah, if you know for me that's that's like the perfect flag that I want to see um, you know, obviously I just Kind of fumbled it today, but you know, I want to see the push up in the morning and then you want to see I could pull back into You know moving averages just to show that something's not too extended And you know that 79 area was for me like a perfect entry for a possible Swing because it's you know, again, confluence with daily range break Knowing that just got earnings out of the way it has very strong reaction to earnings And you know these fast the fast reward in a matter of a 15 minute bar that coincides with news is that's just That's just icing on the cake, right? Yeah, because technically the setup was there even without news for you. Yeah, technically the yeah, but you know Well, there was news there was still the the recent earnings So there was still a recent catalyst and we're breaking like Um above a recent yeah, but yeah, my my point is that the the you know, when you enter a trade everything's unknown, right so The the the reward side of the trade is the is the unexpected, you know, and you know a lot faster than You know, but hey, you know, that's why I said that's the icing on the cake, right? if you get if you get 10 percent in a matter of 15 minutes because Some some news happens to break then, you know, so be it, right? Yeah, so I mean that was a pretty good Pretty good move of that news for real. It's pretty nice Yeah, and and this is where and this is where the kind of knowing stocks is is important so like For me like shift for like this stock has never been a really good day trading stock like a I've never found success trading it on one minute or five minute. It just I just can't seem to get a handle on it I always seem to get stopped out. So like, you know You know, you can watch this 86. Maybe you could have bought 86 there right Yeah, this 85 50, but you but you need to give it Like I think you need to give it two dollars, right 85 50 83 83 50 um I just I don't like I've gotten trapped too many times that giving it that that random like 50 cent stop because I want to have more size And then you kind of get with then you get you get whipped out, right? Like maybe maybe what might be happening now you get whipped out and You know, and then all of a sudden by the end of the day, it's at 90, right? So I you know Now you're talking my language I've ruined once more size it I think it's part part greed. It's part greed. It's part like, you know, trying to how do I Maximize my gains as fast as possible, you know, they get rich fast quick thing, right? We're like Instead of proper trading or good trading, you know, or knowing that you need to risk to 83 50 when you're looking at this flag It's well, how can I get as much size as possible and really really minimize my risk? And then I can post on twitter like I made 56 are Yeah, because I use the one minute candle low Right, you know, or whatever some someone's doing Yeah, so this is this is really hard. Um I mean, I guess this is a lot of ha a lot of habits that are kind of built built in into me or other traders is We never really want to give it to the level that we're really wrong And this is I don't know. I guess I guess is you're always thought to to trade like get the biggest or Like always add to your position, right? If you're if you see that it's getting even better Just add and then you're kind of you can't really risk again the level that you weren't supposed to Like a good example would have been right there on that little one minute Right if you're adding right like here you get so big Then you have this candle that kind of crosses back the previous one and then you're flat But the trade is still intact. Yeah, and in theory in theory the trade is still intact And like, you know, like I was just saying like even if you're you know, if you're if you say to yourself Well, I'm going to use that, you know, I bought 85 50 that little pivot high I'm going to use the breakout the breakout candles low as my stop I right. I think you get stopped out right based on that red that red candle Doesn't it break that part candles low? Yeah. Yeah. Okay. It does and So look it would have just cut your stuff exactly where it is and now it's it's right back up I'm gonna go to let's talk about it right in but Um, so for me, I had the same issue that you that you're talking about It was it was a really big issue for me and I had to create a rule where I'm not You know, I will add risk to trades Um, but it has to be smart. Uh, I have to add only when I can change my stop So for example in like just, you know, as we're watching this If I was going to add to this trade, I would have added after the pullback candle And then I would have say bought 85 knowing, excuse me I would have bought 87 knowing that I was moving my stop to 85 right something like that I don't think that's a really good example. Um, like that's I'm just using that because we're watching it But I I'm only going to add And move stops like after bigger pivots like that's not a big enough pivot for me to actually move my stop um Yeah, because if you look on like a higher time frame nothing really changed Yeah, and like those are my preferred time frames, but when you're trading news, sometimes you just have to trade those one minutes Um, like now now if you want if you're looking at I think it's kind of an exact double top, right? Maybe 45 50 cents. So it kind of cut the high end just came back if A better a better ad spot instead of like those micro one minute pivots was all right now you're going to have 87 50 basically and if you get this a tiny little one minute Cup and handle or I call it Where 85 50 or 86 kind of holds um Me and then as as it pushes higher then you can add add exposure Because then you know, you can move your risk, you know But that's how that's how I usually think about like in too many times I would just watch the level two of the momentum or the prints and and think or see like oh my gosh Like every single print is green and the stock's going up like that, you know I need I need to I need to add more size. This is this this is it This is when it's it's literally going to go limit up get halted open up it 110 because they're going to confirm it and close out the deal now, right? um Whatever it is Right like everyone everyone you know everyone Everyone gets caught in that right where it's just like oh my gosh. It's in my favorites in my favorites in my favorites You know everyone's paying offers. I need to have more size on because this is it and And then you know it basically goes exactly to the high day and someone else and someone comes in and just Like dumps it. All right. I'm going to take my gains That was good enough And and you know and now what are you now you're $1.50 from that high and kind of hesitant now you're now you're playing defense when you shouldn't have to be right I mean it's everyone everyone just makes it more mental than they have to right Because everyone everyone you know everyone's Throwing around asymmetric wrist reward on twitter right and you need to have asymmetric wrist reward and And people are taking that as I think a lot of people take that as and I did this unintentionally for a long time But I assume that there's asymmetric asymmetric wrist reward meant I'm risking $100 to make five grand right But that that the probabilities of that happening are so slim On some random setup like this right you can't risk $100 buying 85 and risking 83 75 Hoping that you're going to make five grand right it doesn't work that way like reward is Reward in terms of bigger p&l is in it is inherent with taking on more monetary risk as well It took me a long time to get that and I still I still struggle struggle because I add a bit too too fast to position Just because I'm like it looks Really good, you know, it's everything looks like it's a it's a perfect setup But then I just messed up my wrist level because I have too much on yeah So you I think I think that you just in my opinion That sounds like you just need to tighten up those rules a little bit right like make sure that you Make sure that you are Definitely able to move your stop right because like And you know that was a big issue for me as well right where I would just You know say buy you know back to the original entry 85 by 83 75 um You buy and say you buy you're buying one r and then all of a sudden and I'm just chasing 86 And and I'm and I'm adding it. I'm adding a same size a lot right so again, let's go with this $100 risk here So if you're risking a dollar 25, you're buying what 80 shares the first time and then And then I you know then what then I was I would just buy like the same amount of shares right like another 80 shares But the 80 shares if you're buying 86, you're yeah, you risk all of a sudden now you risk from 80 You're a hundred dollar risk now all of a sudden goes up to I don't know like 240 bucks or whatever it is. Um, so you're increasing your risk Without it changing your stop. So those those are big rules That I I created for myself like making sure that I don't add up. I don't add size until Or add to my position until I know I can change my stop Look at lunar lunar lunar Uh, so the stock didn't do anything all day and all of a sudden there was this conference that was scheduled And it just gave like such a nice setup on like multiple time frame Um, and like it's you don't even need like a specific news. You just need to connect to their feed and then The guy just looked confused and then we had the initial sell-off and this is something that we discussed that Um on the first move, it's it's really hard to kind of be the first or have conviction Just because it's such it goes very fast and you might only get like, you know Like prints around, you know, 890 and then you have to risk like 10 10 20 I guess before the news Maybe you're lucky it has this like big awake on this one, but they don't all do that So I'm really trying to just capitalize on the secondary move like this one But I think if I look even at like a one minute, there was probably a better spot Try to go back to where it was when you're trading news like this. There's always I don't want to say always because then some this is going on the internet and then someone's going to say well, you said always Almost always a pullback like this for a secondary move where you can gauge your risk to reward and you're and you can gauge the risk to reward based on you know, as I've mentioned like, you know a measured move just like SMCI so You see that the The potential for a move from 1050 down to six dollars is there and it's not necessary that You're not necessarily going to get that after the first flag and breakdown But right so now but now you're at 750, you know, you can just you can size it Besides your trade knowing that Target one should be the low of the spike because spikes always If you look at the history of spikes, they almost always get retested Um, they always And and and so so that's that's your target one and right there you there's like that's like a dollar fifty move You know, yeah, that was enough Because the here it's so it's so tight like you risk what like 20 cents max 30 cents I mean if you want to be really if you were trying to You know, if you're trying to really really trade it properly, you know You probably want to risk the top of that which is going to be like a 70 50 cents, right? Because it's excuse me 770 825 770 yeah, okay, so that's still gonna be a three-yard trade But obviously, you know, you can definitely trade it tighter if you think that that's the breaking point You know because if the apex of your little triangle, um Yeah, so here I would probably like, you know have like a Something versus here, but then when we starts to roll I would probably just add and and just tighten up and that's I guess this is where we talk about Not letting the trade work versus trying to get really big Um, I don't know maybe on this one this one It would have worked but there's many scenarios that we know we we move a bit down We have a little spike up again and then we really flush So this is where it gets a bit tricky in in scenario Yeah, I mean when you're trying to get too big, you know, that's why I'm trying to have the same the same process every single time is so important right because then You know, even if you get stopped out or whipped out or or trailing stopped out If you followed your process, then you can't that'll help take some of the emotions out of the trade, right? And and really creating those rules for myself helped manage my emotions um like that like I don't You know and and like unlike a lot of traders who might be kind of finding fuel of positions and adding positions I'd rather just have a bigger one r then Take so many trades and paper cuts because you're just you have to be so focused On on waiting waiting for that spot, right? I'd rather just wait and wait and really see that tightness and just be like, all right. I'm gonna I'm gonna hit it here And you know risking Whatever I would choose to risk, you know, maybe this case Um instead of using the top of the wicks, you can just use above eight, you know So risking 30 35 cents or so Um on that trade Uh, uh Like the top and then you can kind of you know You can get a little more size and then that then it's like a five-hour trade for you instead of a three-hour trade um, you know and then For me, I'd probably cover half ish into the low for the three or five hour Let's just say four hour for split the difference And you know and then and then I'm gonna let it's you know again knowing knowing what we Just said like, all right. Well it came off, you know, let's just say three bucks You know me like can this go down to the five go down to five another dollar So you can get close to that measured move like maybe, you know, you just you never know you never know And you know, maybe you're and then you're watching the woman if you're still watching the woman then you're trailing or If you change it to a bigger a bigger time frame like like the five minute you can trail trail trail that way Like because it's what's pretty late on a friday. I don't think I would really I don't think I would after like a flush there I think when it feels like a second time To go lower. I think I have to get flat and It was so such news driven that I don't think I would want to swing something like this Because they could have like some random like it's a it's a story stock Like it's all about the story on this one. There was also some legit stuff about going to the moon But because there's so much story this company can just really go with like A big pr press release and next thing, you know, we're gapping back above freaking 13 or if nasa says something like really Outrageous like, you know, it could just has this incredible Short squeeze the next day. So I don't think it's something you would want to swing short Um, any thoughts on that? Would you think it's something you want to get short because there's a new Well, I mean that that's that's all up to the trader, right? Um So like that news friday afternoon was when they landed on the on the moon And I think I'm pretty sure the the little Lander it tipped over Right. So it was, you know, people watching the feed and and listening to the CEO or someone talking and all of a sudden the thing tips over You know, so it was kind of a sell the news and sell the what the heck just happened kind of thing and Yeah, you know, I don't know. I'm not I'm not a great swing short trader, um, I'd rather try to just get long but, uh I could see it go in both ways, right? If you're short from eight like what Like the event has happened. So my thesis would be like the event has happened, right? It landed on the moon Like what You know, what are they gonna come over? What are they gonna come out and say the only thing I would be worried about is is there Like arms Like robotic arms or something that are like a thruster that's gonna Make it stand up so that month by the time monday morning rolls around the things up and walking around or moving around or doing whatever it's supposed to be doing and You know, you wouldn't be able to you know, you can't control your risk basically. So yeah, I'm I'm in agreement with you that I think that The better traded would be to cover They just you know, I would I would you would you still be trading on the one minute Six six o'clock on a friday afternoon or Maybe you're looking for maybe people or other people going to start coming back on a friday after the close to to kind of sell positions You know, maybe that was just the move and that's it. So You know, you take you take the trade for what it is and you move on. Yeah, I thought it was a pretty Like it went from 11 to 6, right? So at a certain point, um, things are not going to go down in straight line So you can't I mean you can't you can't wish for but realistically it's going to be a bit Tougher to go down more than 50% in like a matter of like an hour or something like that. Like it's very rare um, yeah, so I I thought that was the trade but You know when something is that in play And this is what I've been kind of sending you a bunch of message about is like all these news traders These like big trade when it's a really big trade. There's normally going to be a secondary setup Like if it's a big news It's going to have the second setup to to really confirm that like, okay We're really going lower. This is impactful versus A massive week down that I can that I just you know Get involved with and then, you know, I take a fat loss. Um, just because I bought him I I took I shorted the bottom of that week and covered the the exact reference point up So, yeah, so um So I I thought that was it because the more I reviewed and been on this I don't know the rampage of like reviewing charts events and stuff like that All the big event has such a nice secondary move that I'm like I can just double the size on the second Confirmation or whatever it is and just don't need to be involved in the first one Let people chase it let people guess and let me get involved where I know I can like have like a The real edge or I can like play a news trade but control my risk a bit better More as like a traditional trader, which I will I was and I'm still am for I don't know four years, right? So so it's a good blend of two fresh catalyst combined with like good, I guess Based around trading or technical analysis. I think I mean we can look at an example from today, right? um, so you know, you can look at bitcoin or bitcoin selling off and um, you know robin hooding and coinbase having all these issues today And you know bitcoin topped out started selling off and you know, then you're getting reports that coinbase You know coinbase people are not getting access to the wallets You know or whatever it was and you know like you don't have to you know Or yeah, you watch one of these bitcoin miners. Yeah, that's the initial move every every little flag or pullback It's going to look a little different, right? And that's and that's what you have to remember um, that It's just going to rhyme right? It's not going to be exact replica so, you know If you if you're a believer in this thesis You know You might get stopped out the first time say you short, you know short right there Say you short after that little consolidation Or or the one yep Yeah, so you might get stopped out But as soon as price like kind of fails view off again If you're still a believer in This measured move thesis and there's a fresh catalyst and whatever, you know, then you can short there You know and you can still and you can still make a measure move a measure below Yeah, because um, actually on this one, I didn't get involved in this. I don't think many people um, I mean for sure there did right considering the move Um people got involved there. They found out about the news. This is where really everybody found out It was like this peak low And then, you know, it said once twice it didn't like I tried like right here Then I got like stopped out like there Uh, then I kind of just moved away and the reason why is I have in my every note Like something that's important is after a big move. I need to give it time To consolidate or to find its footing Before just trying to get involved again And technically like, okay, maybe it didn't work But then after when we we don't rally back to reference point pretty much And we hold these like low and we tested once again. I think right here Um, right here versus probably this like pivot high or maybe here versus this high And then you can get like a pretty nice, uh, move on. Yeah I mean for me like even you know, just looking at this like just Even if you if you're waiting for moral confirmation Right, you can call like a little one minute cup and handle You know that little flag right there like all right here that 31 25 area was it was an important pivot and not Yeah, and now you're getting a flag with a new catalyst at the low of the day So anyone who's dip bought you know, they're going to be using that low of day as a stopping point Um, you know, so you can kind of get in with 20 25 30 cents worth the risk Just and just waiting and just being patient waiting for that flag or waiting for that consolidation You know and you get right you get like a nice I don't know like doubt. Yeah, two to one probably your risk depending on where you get in right? So I would say your entry is probably a little bit higher than the low of the day So maybe like say 75 very decent Yes So you're seeing 20 cents probably if you're getting involved in there Versus where would you risk? I'd probably risk I would risk about that Yeah, because that because that that 25 cents was the inflection point before So if it doesn't make a new low of day You know, then then my thesis or my thinking would be that it's a possible possible double bottom, right? Um, but I've given it more time to Kind of show for that confirmation Um, again, and so my risk reward is going to be a lot lower than someone who's shorting Um, you know those that that bounce a little earlier closer. Yeah closer to my but for me I'm getting more confirmation Um, and I think that it's going to make my probabilities of success higher And I'm willing to take a smaller risk true, you know a smaller gain of r For that to happen. Yeah, so you you technically increase your your win rate, but you get less Reward as a yeah as a cost. Yeah, exactly doing business. Okay Yeah, so but you see, um That's a good example because I got involved right here and then I stopped out right here And then when the movie really happened um I just I wasn't even there. Yeah, I mean again, you know part of it's a part of its time frame, right? So One thing for me is Like, you know, you it's it's the same thing that you get if you look at fives You get a couple bottoming tails and you get like a nice reversal candle right there where it just fails the five minute moving averages Um, sometimes these things just need more time, right? Sometimes they just move and that's and that's like your Maybe risking 50 cents there to make two dollars. That's your four r trade right there, right? Yeah, I mean four r is four r, right? And just it's just everyone Everyone has to find their time frame and for me like the one minute, you know, and there's when there's news like yeah, I'll watch it but I know that my Win rate decreases dramatically because there's There are so many more wicks or like those little stopout runs like that for um You know, whereas the five minute just it allows you or using a 15 minute or a 30 minute It just allows you to really see like pivot points a little bit closer or or what's like really chopping around it in this You know, you're not making as many Quick random decisions. Yeah, and I think you're slowly convincing me to go with the higher time frame and um, not for but even on this one if you were looking at it as like Just a technical trade like, you know, we're just it's a felt breakout above that high Like I don't like without like very much news and it's so bitcoin correlated I don't think I would short it but I like when you look at the higher time frame it was like this is technically your trade like they cut right here And then for sure then it's you manage it the way you want to manage but um The one I wanted to kind of review was like apple. I'm not going to be a big fan of trading it But there was a bit of negative press. I guess because of the apple Division the vision problem the new apple. Yeah, exactly And like even if it's not something I would really trade like even when as soon as you zoom out on higher time frame Like you can see such like clean setup like just like right here and then, you know, it got held because there was some Some event going on. So it sold off a bit more towards the low but Well, like, you know, I don't I don't like doing this. Um, you know, I Like let's do this without the benefit of hindsight showing the whole chart if you go back to the 15 minute I'll just go back to the 15 minute. But then but yeah, but just scroll it to the left a little bit so we can No, but we don't want to see today though Yep, you want to see right Yeah, so yeah, give me one second. So but yeah trying to get this whole But can you go like one candle at a time? Yeah, so keep going a little farther. Keep going a little farther No, no Keep going just now go candle by candle basically Do you think that that's a definite entry? Like maybe right? Maybe Maybe you can get a feeler entry but because it's you know, it's another topping tail after four candles up all all lower volume and it's kind of it's kind of come back into those prior tops But I wouldn't say that that's definitely a plus now keep going another candle or two All right, so now this is your confirmation candle, right? All right Maybe the trend's going to continue and then go one more candle And that's that's where I would want to get involved like this is how I this is how I'm thinking of it Now I'm getting a nice topping tail like inside candle After the trend after you know after that pullback has kind of slowed down So now I would look to get in say like below the spread candle like It's very very close to the low and this is like compared to this one or even these ones. This is such a Now that that moving average has kind of held in twice and now it's kind of it's kind of I want to say like I call it like kind of pushing it's it's getting ready to push it push it In that in the same direction You know and you take a little bit of heat and maybe if you're more conservative You're using the top of that prior red candle is your stop But if you want to be aggressive to get more size you can use the inside candle because the idea is that The inside candle is showing it shouldn't it shouldn't fail the top the top shouldn't fail And then that's it right and you know you have a new catalyst at the new low phase Yeah, there was this after that there was also news on it. So it kind of held So that was still a pretty good. I think I think that I think what happens to too many traders is because we're sitting here And you can now watch every single tick and you can watch women at charts and you can and you can really try to refine refine your entries it In this day and age when you can go on social media and you can kind of just scroll and scroll and scroll and scroll Right. It just it gives everyone is so impatient And so many people are looking for that that junkie action Where you know, yeah If you if you just give it some time knowing that the you know knowing that you're Knowing that you can find and wait wait for your for your particular setup Um, I think a lot of people's results would improve dramatically Yeah So another example, I guess of news because we're really in the topic. It was yesterday. There was news on like Well, we're talking about apple also So there was news on apple like legit news that they decided to stop pursuing electric car and I like, you know, I had like a pretty nice Wake I would say like a like a volume Print right saying that on that news so there was different interests I didn't think the news was that significant Um, and you told me a bit otherwise because you were saying that like It's actually a big news because it just shows that they're going to stop kind of wasting their time on that And they're going to focus more on what they do best, which is other stuff, right? The other half of the headline was that they were stopping electric vehicles to focus more on generative AI, right? So they're you know I'm an iPhone user and I think that series stinks, right Like I never use it and and Dave So they've basically really dropped the ball in my opinion on having an a really good AI product And you know, basically this news headline Is them coming out saying that they're stopping with the electric car And they're going to focus on generative AI models, right? So I so that that that was the key to the headline, right? Because everyone knows right now AI is super hot and you know with nvidia chat gpt and Proplexity and you know even with with the whole news with google, right? It's just it's very in play right now. Um You know and again like look at apple like it's the same thing like you have people If you just give it 10 minutes 15 minutes looking at one minute candles you get a you get a base you get like a you get a spot where you can You can find a good risk to award You know the five I don't think the five minute was as good on this one I um for sure now have the benefit of hindsight Well, there was like a lot. I felt like the news and the structure was so well I'm time. I'm gonna clear up a bit things because getting uh crowded but So we had this such um Like a longer time frame. I guess level that you would want to watch like, you know, we have kind of this And this was also like an earnings level just maybe a bit lower give or take sure and Then we have like a news right that hit and it's an unexpected news it's not something that was like planned or stuff like that And before the news technically we're just hovering towards the like the important level And the news headline it just like I think Well, I think people Like, you know, when they just like first of all, I know like when news hit and you see all the prints going down Well, you get short like you don't ask yourself. Well, do I think it's good or bad? You just if the trend is short on that news you kind of go with the flow And then it kind of feels like oh people realize that it's actually very good news So it kind of reverses pretty quick and creates this like massive tell so I thought like even Even if you're kind of a longer time frame, would you wouldn't you think that like just Getting almost involved right here versus like this I wouldn't say it's a reference, but it's like a very Important level and then you can kind of just trail from yeah, I mean you totally could right? I mean, it's it's all it for me, it's just it's I've It's something I'm actually working on because it's something that I've noticed more and more Using that prior like say stop as as my risk point versus using the wick and like like waiting for that wick stop run um Waiting for that wick stop run and then getting involved with my original stop Like, you know, it's kind of like the thesis, you know, the problem with this trade is that it happens literally in two minutes right So again, so that's why I say like now now that now you get that little base It's like all right, it's it's holding above like stop run pushes higher comes back in lower volume Right everything that we that you want or you're taught to see yeah, and you can kind of see that little flag Where it's okay, maybe I you know instead of risking the lows you can risk that bottom of that that one minute pull back right there Um, like 40 cents ish. Yeah you know and it's Yeah, and you're risking 40 50 cents It's like, you know, if if maybe you get in then that tight one minute candle that holds VWAP and then maybe you add some there or maybe you You know, I wouldn't be adding there, but Maybe you're adding over the high of the day after you get that little three bar consolidation because you can move your stop up um You could probably move it like somewhere around here, I guess or which Like this is this is the these spots that I I get in trouble because I'll add right here Then I get this wick that's gonna go whoop and then they say no no we're just kidding. I'm buying it back up Well, I mean so say like You know go back go back. Let's not let's not look at all that all the history right now Let's go back and in game plan this again. Um So this is like so again like I like inside candles. So It's gonna be 706 on based on the time from the you looking at 17. Oh 1906 Yep, so that's like an inside candle you get and the candle before that is another bottoming tail that has a higher bottom Then that original pullback candle So I would think that I could add I could buy above that candle with a stop either You know, basically at that pivot low, right? So I'm gonna buy 80 Whatever the high is 81 or 82 I'm risking I'm I'm gonna risk the original pullback. So I'm gonna risk 40 right here. Yep um And then you know and then as you go through these candles, you see a red candle and then you see another tight green candle Maybe I'm buying a little bit more there again. Like I don't love adding unless I know I can move my stop So I'm probably not buying there So now you get a 181 now you get a breakout of 181 where you're at and then and then you get a red candle, right? And it's yeah, this is the same as we the first example we look Yep, and then and then as soon as and then now that's that's the spot You know, you can move your risk once 181 21 is taken out So now that's where I would how it add, you know, so my original entry was going to be 85 cents ish I'm going to add it 21 cents. But my stop is going to be below That red candle. So basically where my read Yes, yeah, so that's how I move my stops, right? Everyone has to figure out what works for them, right? um Okay, and then that's how you can add a risk. So and so basically your original entries that break even and now So, you know, and you can add One hour worth of risk over the high of day Which should you know based on on on the distance should be approximately the same size As what you bought originally, right? Yeah Because yeah, because then your average would be probably 181 Like if it's gonna be it's probably 1805 ish if you're if you're if you're actually doubling up Yeah, and a little bit below 181 if you don't double up and then and then that's it And then you just watch the candles watch the candles And even if you just trail on a one minute candle low basis Right, how far does it go? Right, it goes all the way up to 180 you're getting out of 182 right there Right, if you're just using a simple trailing strategy of like I'm gonna I'm not gonna get out until it breaks one, you know, candle low and then you're making 90 cents So the original stop was 40. So you were risking and like that right there's a little two-hour trading. Yes More than that, I think because if you're 181 and you were after adjusting your stop at you would you wouldn't adjust bill at this level But I'm basing my my I'm basing it based on where my original risk was right So if you originally entered and the stop was at 40 at 180 40 on that pullback low The original stop was 40 cents, right So so it you know You know and then and that's only if you if you trail like that, right like If you you know if you say I'm not gonna move my trailing stop until Until I get a pullback and a move and then a move higher Maybe you maybe you pull maybe you don't stop at anything And then that's where your new stop is 181 70 And like all right, let's see what happens, right? And then you move your stop and then and then and then just see where it it where it can go You know and everyone this is all worth like selling is just as personal as is buying an entry, right? Like I don't You know it you have to find what works for you And what and what really speaks to you. Yeah Yeah, so technically if you're even being more, I guess I would say wider than I would trade it You're still getting probably the maximum on the trade because get it involved here versus your 180 40 42 whatever give or take You get your first move and I think after the first move, maybe you take a bit off but then We kind of just have like this micro pullback and we're never really even breaking below that like one minute candle So then like when we break again, this is like such a good spot to adjust And over here, you know, we kind of get really flat with the moving average and like Like you would probably cut it like really get flat like full flat Yeah, whatever I had left that's exactly where I would get flat because You want to hold as much as long as possible, right? That's that's always that's always the goal And how do you do that? You know for me, I like looking at I like looking at the shape of the moving averages compared to price and um You know You're getting really flat. It's not and like that that little f that, you know, that inverse wick candle right there That's that's kind of like that that's same key of what you were talking about where the igniting from the daily, right? From the bottom, right? So it's It's the same thing as here. Yeah, because it's holding the moving averages and you know, I like these moving average bumps where Price is being supported by the moving average If that momentum on this particular time frame is going to continue Then it should keep going, right? But the fact that you see that reversal candle Yeah, it should pull the fact you get the reversal candle And then that inside little candle it makes me that's where I would like, all right I'm gonna I'm gonna move my stop or or or sell more with when this when this breaks Yeah, um, I was so mad. I didn't take it right here And I I saw it and I was like, uh, whatever I don't think it's big enough as a news that he makes the first move and I'm like, uh, You know, who cares? Whatever. I just missed like a small move. Then like I keep on watching it. I'm like, oh Damn really like this was like this was the the slowish best trade I could have took in a long time like everything was lined up perfectly the technical there was a catalyst and all this was I had it right in front of my face and I was like I'm instead of like listening to the price You know, there was like, you know, how many checks did I needed to take that trade fresh catalyst like Really high volume compared to everything we see before on the chart So like it's really in play Now I also get a setup on the one-minute chart That's in that the same direction as the news positive, right? Then, you know, like Ah people were talking about it. It's it's AI driven. It's in the team is in place So there was like a lot of check for me to take it and I didn't take it and That's so frustrating because I like sometimes the best trade You just look at them from the sideline because you decide to judge that You know, you're trying to put your judgment on something that you have no clue about you're not there to Um decide like how do you know? We don't know, right? We just take trade and we hope for the best You hope that you're not just hoping for the best, right? You're hoping that you're putting yourself in in the highest probability positions, right that works for your personality again, like you know You can scroll scroll back to the left, right like even you're based on on the way that I've been trying to And I'm not preaching my particular trading strategy. Like it's just what works for my personality Say you and even if you miss all of this, right? Everything that I've been that we've talked about in the examples that we've shown in these last couple videos You don't they say that's kind of an indecision point for you until 181 like just all right well We got like a nice reversal and I'm going to get involved in the first flag, right? The first consolidation where I can gauge my risk for trend continuation, right? So keep going one candle one candle um And and and people might have gotten involved at 181 Um, I have a 182 area. No keep going a little a little more a little more A little more a little more a little more a little more, right? So like right there like right there like just like look at If you're using the one minute moving averages, right? So, you know one minute moving averages again, not my favorite time frame, but all right It's holding this little momentum moving average. You get two really tight candles um Maybe I can buy back through 182 or maybe back through this this little flag Risking that pullback low, right? Risking that risking that little doji candle low, right? Like uh two candles Yeah, so 182 versus 21 77. So like 23 cent 23 cent risk to see if you can get um a continue like a momentum continuation To the upside, right? So just even that trade was like a home run technically You don't know right that that's that's the thing that you don't know and and Like that's it's for me like every time when I talk to traders, like, you know, or like you like or other other people You know, it's a call that it was so easy, you know, it was so obvious But just like the smci example from last week You know, I don't think enough people really go through like candle by candle and really think to yourselves You know and I've talked to someone else about this like what were you really thinking in the moment, right? It's not this was so obvious like What were you thinking in the moment because that's that's the thing that really matters to Trading and making a decision It's even even this little hindsight exercise It's really easy to say because we know what happened But in the moment like what were you what were you really thinking and like for me? Like that's why I prefer to just go with momentum instead of trying to think that somewhere was the top like waiting for that little pullback like i'm Usually thinking to myself like if there's a higher low and it breaks back through an inflection point I want to go I want to try to go with it, right? and you know and Exactly knowing the things that I've kind of spelled out it made a dollar move higher It's consolidating. Maybe it can make another dollar move higher, right or you know two dollar move higher and You know it made a two dollar move higher Maybe it can consolidate and make a dollar fifty to two dollar move higher, right like and then You know it's it just keep it as simple as possible um For what works for your personality? Yeah talking about uh personality and also I would say time frame like i'm If i'm trading something with not news i'll guess I would prefer to trade five minutes and like if i'm five minutes candlestick um When was the How did you decide that this was just the way we're going to go because it's kind of odd. I think you're the first one First person that I do meet that's really serious about it Not many people say oh, yeah, I look at multiple time frame, but technically they just look at the one minute They'd have other time frame open somewhere on their screen that they don't even look at But you really look at the five minute like this is your time frame And I guess pretty like very pretty open. Are you open to talk about it a bit? Yeah, yeah, how you Process your thing. Okay You want to what do you want me to do? Do you want to show a screen share or do you want to just talk about it? Uh, we can I mean we kind of went over the the idea But like how like how do you process a trade because you look at meaning the time it's going to look at The way that someone processes a trade is still going to be the same And that it took me a long time to learn that because I was taught to look at the level to I was taught to look at those Like one minute candles and even shorter time frames But I just I realized that I was making you know There's something that out there that people talk about it's called decision fatigue Right and and basically your body your body makes the best decisions. This is this is why I'm very anti like waking up at 4 30 right because Like some of those people that say that that's what you have to do to get ahead Your body makes the best decisions but your body makes the best decisions Within like the first two or two and a half hours of the day basically from waking up And then after that like you as you make more and more decisions throughout the day They're just not as good. So for me, I realized that watching the one minute candles Like that like on apple like at the open all day long or and even starting in the pre-market when You know if if and when I was trading pre-market stuff By the time the open came around or by the time the mid-morning when the true trends came around when Like the quieter noise came around, you know versus That open whether it's it's like controlled chaos Like I wasn't making the right decisions. I couldn't make the right decisions Um So for me, I just I made the the choice that I wanted to just see a little more confirmation I wanted to just be involved more with the bigger picture versus only being involved in the first five to ten minutes a day like, you know, most of the, you know Twitter warriors out there, right? Like I don't You know and there's exceptions, right? Like there's exceptions like if it's a news like this or if it's earnings You know, I will watch the one minute or if it's the if I really love a setup and a pivot on an earning stock For example or a new stock. I'll watch the one minute for the first five or ten minutes of the day You know, basically until two five minute candles form and I can kind of get a better picture for Like what the story of the day might be, right? But my best trade my best trades for me really happened when when that noise When there's like volatility contraction, right? So you get those first three Five minute candles of the day for example 15 minutes and you get a push and then you get a pullback or a consolidation and or a tight candle Gaging the risk knowing that there's interest in the name and knowing that there's almost always going to be continuation like that's for me the better risk to reward versus the Um when it's spreadier and moving faster and I have to make fast quick decisions in the morning Like I'm just not good at that Or I've decided that I'm just not good at that, right? It's like it's a young young kids game, um You know, it's it's like a video game like the younger kids like younger kids like take it as a video game, right? It's like just they it's like an action junkie dopamine Dopamine hit where you're just you're trying to be involved in and and the fastest moving thing with as much size as possible Looking for the fastest gain You know, but it As I've learned and as I've talked to many different traders. There's so many different ways to skin the cat You know and it's personality. It's just it just comes down to personality And there's no right or wrong, right? There's no right or wrong. It just it has to work for you Yeah, um, I guess it takes a last year. I guess it was august. I think I I went um august september I went three months on the five minute only without like like the checklist I had um The checklist I had every morning was like, I'm not allowed to look at the one minute That was kind of my thing like I'm just this was like a goal on every day I'm not allowed to look at the one minute because I wanted to see if um It would make a big difference and I just What makes what made a big difference was just the frequency of trading that was just so much so much lower um and yeah, the frequency and the amount of tickers because There's not many set up on a five minute chart versus on a one minute that you get a lot of micro action Yeah, well, that's that's personality, right? Are you looking for that micro action like where I I know people that I started trading with That still look at those one minute charts or You know short time frames and focusing on the level too because they're looking for that not looking for but that's what they're Edges their edges speed and looking for those little micro Flushes up or flushes down And trying to catch then trying to catch those quick moves because You know as we've seen in a lot of these moves like you know coinbase today or or Morrow or all these other all these other names on the one minute You can see that there's there is there are like big moves, but um, I think that Looking at that you're going to get stopped out a lot more and you have to be willing to get back in You have to be willing to trade a lot more and for me. I didn't want to trade as much I wanted to see I wanted to see those bigger inflection points So that I could give myself more conviction right so that because there's two ways to make a lot of like To grow your p&l really right You know if you think about your risk to word and your expected value you can either You're you can either increase your frequency a lot or you can increase your risk size, but you know more right And and you know for me I'd rather have more conviction On a higher time frame even though i'm not going to have as many signals or not as many setups um So when I do see something i'm okay with taking that like extended excuse me not extended but increased risk Versus trying to scalp a couple hundred dollars you know Over and over and over $50 is $100 whatever your whatever it is right like you cannot because you know you're not going to be risking $10,000 on a on a little For example, you know not that I risk $10,000 on a trade but like ever but you can you can risk You know you're not going to be able to risk that in like a when you think that you might be wrong with 30 seconds later Yeah, because every big trade I mean i'll take me because I know how I trade but every big trade that I took Or I made like a significant amount of money compared to my average day-to-day trade. They never cut Sure, I executed it on the one minute, but it was like a daily setup or it was like a hourly setup. It was like so Yeah, and I know like I know like a lot of like, you know what you were saying before like a lot of traders Twitter traders, whatever they they're always focusing on the one or the three and like that's that's their thing But you know when we just spoke I like a five and a 15 and I'll have an hourly and a daily It's all on the same screen right in front of me And and the best the best the best the best trades are always multiple time frame Like confluence right multiple time frame confluence that just They all it all just lines up and all breaks at the same time And and and those are always the best moves Yeah, when you see a setup on a one minute, but it does you don't even see it on a five you almost You get in five minutes or not even five minutes 40 seconds later you already wicked out and you're like that wasn't good Then you try again like two minutes later and you're like, oh this one worked and then you look at You know hindsight, of course you look and that was like, yeah, that was a break of prior five or prior 15 You're like, yeah, it was just there Yeah, it just but it just needed time to set it up there Right, like, you know in too many times so many times and this is I made these adjustments because there's so many times I would look And all of a sudden I'd see like the perfect one minute flag that I was like looking for And it's like, oh my god, I gotta take this trade. It's finally going sideways for like eight minutes You know, and it's definitely going to continue and make this massive move And all you know, and I finally started reverse engineering and looking at the bigger time frames and seeing that Well, that was really dumb because it was like six Five, you know, six 15 minute candles in a row up You know, so the bit larger time frame is so extended Right, it needs a rest and pull back like I'm I'm looking at this micro one minute flag at the high of the day thinking that this is like the next like little break of you know, break and go You know thinking that I'm a genius because I finally found a tight spot, but you know That's amazing. That's the I mean and I know because I I did it so many times, you know, I did it so many times and like and every once in a while I will catch myself and I still do it and just because it's like, all right This is like that low float thing that's in play. It's like approaching like the like what I call like I When you see like a lot of low floats like You'll get like a lot of like like orders finishing like whether it's like margin calls or whatever into lunchtime like 11 30 12 o'clock before they kind of reverse and you know I used to just be treating so actively at 11 like looking at these one minute charts like what was I doing, you know after like like I said by 15 minute candles so extended Like the the probabilities of the trade were just so much so much lower But I was so focused on watching the level 2 and the one minute with a one minute charts And and you know again to just this decision fatigue that what you know, that's not a good decision You know The the best trades again, you know, like I said for me or when those time frames really line up You know like apple like perfect perfect case, right? Daily daily stop run reversal With the catalyst and volume, you know, that's the catalyst for a multiple percentage, you know move, right? Yeah, I mean, it's so uh, it's so odd because how how many years did you trade it on the one minute? God way too long like I don't know 15 like, you know, I I always made efforts to trade on the five minute But I never fully embraced it until like after covid Like 15 years later pretty much Basically, basically, yeah Yeah, it took me a long time and and and it's because it's such a different mentality um It's it's you know, it's it's like a big adjustment in my trading, right? But you get older you your life obligations change like I I didn't want to be A slave to watching the you know at the level two and every single one minute Candle and and constantly being frustrated because I missed that little micro breakout, right? I wanted to make sure that I had the freedom to Be a laptop warrior or go whatever, you know, I trade from my phone Where all these people say but like not not just do that but like manage it, right? Like instead of being so worried about like a little wick out on a one minute Just like all right. I'm look. I'm in I see a 15 minute level pivot. I could put my stop in I can go do the things I need to do in life and then I can at least I can monitor it Like that's that's that's the goal. You want to be able to monitor from the road versus like being active from the road Yeah, I mean it's um It's kind of funny the way you said it even we thought about uh quail maggie Um, yeah It's like that's you know, everybody thinks that like, you know, this guy made somewhere I guess near or south like a hundred million in like a few years like trading and He uses all the higher time frame He doesn't really care about the one minute or something like that and he is like the typical definition of a A laptop warrior. He's on his knowledge. Yeah, there is both on his like on his laptop And you're like, how would he like I need all my screens. I need so many things But he just works with like alerts stops And like, you know, as soon as the answer he just puts a stop and then he just waits Like I think he makes money by waiting, which is kind of the opposite And I'm sure you know with the amount of penalty Maybe he probably pays half of the fees that all of these other people are like all of these scalpers are like me or paying because You know, so you can execute so many shares in a day on a one minute chart. Like it's it's unbelievable and the It's like it feels like you're playing poker here with like such a high rake Like that sometimes like even if you're having like a solid week With the lowest commission structure, you can even imagine and you're like, how like, how did I pay so much in fee? and it just So many execution that were complete nonsense that it just You think you have an edge because sometimes of your speed and trading on the one minute But when you stack everything against you with like fees Decision fatigue and all that I feel that maybe it's counterproductive actually kind of thinking the more the more I think about it The more I'd like to make the switch But it's it's such a commitment Um, it's hard. I mean and it's hard because when you're used to looking at every single movement and trying to Incorporate those little movements into your decision making It's it's it's really really it's really Hard to do, you know, and it's like anything. It's like when we've been talking about you you've been trying to focus on You know trading news, right? Like it's it's one of those things if you want to try to make a change You have to literally shut everything out For two weeks, you know, it's like that they all those people talk about how it takes You know all those like improve self-improvement gurus They talk about how it takes like, you know between two weeks and four weeks to create a new habit Right, like how are you how are you going to know unless you get enough data? Like what what is enough data for you? To tell you that that's the right or wrong thing for you, right? You know in too many people do something half-assed Sorry, but you know to give it a half hearted attempt um And and say well, I tried it for three days I didn't see one set up on the five and I didn't take any I didn't take any trades or five You know, whatever 15, you know, wherever you're trying to change and do This strategy stinks. I'm not going to do it. I need to go back to scalping and and whatever and the week hasn't even The week's not even over yet, right and maybe maybe that five minute trade or 15 minute trade It happens on Friday, right and and all of a sudden you're scalping it You make back your five minute losses and be like, all right. I'm back to scalping. I did it I made my 500 bucks or $1,000 whatever it is Whereas if you were trading in that five minute doing the same thing is like that could have been your five or 10 or $20,000 trade, you know, whatever whatever the numbers are but the exponentially bigger trade basically Yeah, I think that's kind of what it is. I think I'll I mean if you're anything that's in today I mean what I see without news like not breaking news things like just News came out in the morning or pre-market and then I'm trying to look for a setup I'm confident that I can do the change but then it's like, okay Like what are the rules for the one minute? It's like, okay I'm only going to look at the one minute when it's a breaking news trade Like that's just kind of like what it is anything else I will look at set up on a higher time frame because I don't want to be a slave to To the level two and all that stuff all of these games. I think that could be a start of implementation Um and probably check myself every day or a couple times a day as like, okay Did I follow that rule? Is this a setup on a on a five minute or was this a setup again on the one minute because you know When you look back at your execution really doesn't happen that much But I look back at my execution and like I executed six trade within the first like the same like three minutes And then you just see the execution arrows on my chart. That's like Then I put on a five minute. I'm like, I don't even know what I did I look at the five and I'm like, I'm confused. Was I long or short there like I used to do that all the time. Yeah, I feel you. Yep. And then I look at the 15 Even worse. I'm like Like what like what happened like it's so it's it's hilarious because at the end of the day I can know what I did, but if you show me that candle like a week later. I'm like Who's that idiot like who would who would trade like this? What a dumbass and then I would like people would say what it's you and I'm like Ain't no way Yeah, no way. No, I only trade on hourly candles. You know, yeah, no way, but you know, it's I you know, I hope people appreciate the candidness because like, you know, no one's You know, no one's talking about no one admits that, you know, twitter doesn't lose everyone on twitter only makes right No one on twitter makes mistakes like this. No like, you know, oh, I went through the wringer with mistakes I read all the trading books like that's kind of bs. I don't believe it, you know and but that's the reality of like human nature, right like we're trying to Be involved in everything possible um And it's that's possible where you just don't need you don't need to be right you don't need to be right just You know like Jesse live more like one of his hit, you know famous coast that always gets Passed around as you know, he made money in the sitting like sitting waiting for the entry and then sitting while he was in the trade right and that's why you know And not that there's not seven or eight figure traders, for example That are One-minute day traded, you know warriors, right? Like they're they're definitely there, but I feel like The bigger type qualamagi or or like Swingy type traders it's just all Time frame right you increase your time frame you increase your odds and your window for a bigger move, right and um You take away that high frequency noise that You know that everyone else is over focused in getting themselves chopped up in right I don't know how I ended up on the one minute. Like I just don't know like it just that's a question I never had the answer for it. I don't even know why like like Just people tell you that more information is better. I guess which is I don't think it's the case really for most I don't think people think that that more information is better Hmm. Well, maybe that's maybe that's what people I think that people think that they need all of the information All of the little detailed information to make the best decision possible right and you know in today's Today's technology age, especially, you know, like we talked about before like just like or I mentioned that What's like scrolling right scrolling on instagram or tiktok or whatever your thing is Um, it's all going to be relative, right? It's all relative like you can find all those pivots and highs and lows Looking at a 60 minute chart, but that 60 minute chart can just that can look at the last two months two months worth of data, right? and You know again, they just people want those people just want that dopamine rush and that dopamine hit like blackjack like, you know how many times people Go to the casino right with a thousand dollars playing hundred dollar hands of blackjack and they're literally like Going to the atm like, you know, literally 10 hands later 10 seconds later Right, like all right. I bought a thousand dollars for the casino tonight and You know 10 seconds later you're out Right, that's that's exactly what looking at the one-minute chart is right Yeah, so I mean that's I mean I'll sit on that and I'll think I'll I'll try to improve it and I'll I'll follow up on it to give you Some stats, but I think to give it a good run. I would have to really follow that process for like a I I do have data that my trading was better. My frequency was a little lower I don't know what I don't know what I think the important change again I think the important thing for you to think about is Not necessarily what your P&L is. I think you need to think about um, and this you know For me like I realized that a lot of my one-minute chart trading was was way more 50 50 than I ever thought it was But if you're if you're going back to the shorter time frame, that means you think that you're missing Some you're missing moves, right by only looking at the five minute So I think the important thing for you to track is not The important thing for you to track is really What P&L are you missing out on that you think that you're missing out on that you have to go to the shorter time frame And that's the important question to ask yourself Right, so if I'm making the same Technically, I'm not missing on anything exactly It's just an illusion to yourself. It's it's an illusion to yourself. It's the story that you're telling yourself That you need to look at the one minute For whatever reason right whatever whatever subconscious reason All right. Yeah, I'll sit on that. So I think it's gonna wrap it up for this one It's that it's good enough enough information to uh At least go down another rabbit hole of research, but it's it's good Sounds good until next week then So thanks for watching the full episode if you're still watching I really appreciate and also while you add it Don't forget to like and subscribe. Let us know in the comment section what you want to see next peace